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Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits. Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users.“Infrastructure is
Read MoreBinance Research dove into Libra's most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook's proposed asset could significantly alter the payments world."Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector with
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In this issue U.S. Congress wrestles with another ‘digital dollar’ billFacebook’s Libra scales back ambitions but muscles in on China’s digital currencyCrypto world in a sweat over ‘bitcoin halving’In China: Blockchain Service Network launching soon, Huawei tech zone, and more Latest in funding: Atomic Loans in Canada and Airwallex in Hong KongFrom
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Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from Texas — has come out and stated that the updated version of Facebook’s white paper does not contain
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Economist and academic John Vaz believes Bitcoin (BTC) still faces stiff competition from Facebook’s troubled Libra project.Vaz told Cointelegraph that Bitcoin has scaling challenges in terms of payments and was used disproportionately as a vehicle for speculation. By contrast he said Libra has been purpose-built to scale as a payments
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Stablecoins can pose risks to financial stability and need to be adequately regulated, according to the Group of 20.The G20’s Financial Stability Board (FSB) issued a comprehensive stablecoin study on April 14, presenting 10 recommendations to regulate them effectively.The regulators were spurred by the introduction of Facebook’s Libra, which
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Crypto lending platform Celsius Network has listed startup Saga’s SGA stabilized asset, unlocking the potential for token holders to earn interest. “Saga has partnered with leading cryptocurrency interest income platform, Celsius Network,” Saga founder Ido Sadeh Man told CryptoX.The collaboration and listing means “users can both preserve their assets’ value
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Open-source payments network Celo has announced its first round of development grant recipients.A press release shared with CryptoX states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or
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Several members of the Facebook-backed Libra Project have announced their alliance with a rival stablecoin project known as Celo. Since the middle of March, members that have joined the Celo Alliance for Prosperity include, among many others, Coinbase Ventures, Anchorage Mercy Corps, Andreessen Horowitz and Bison Trails Co. The
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The Silicon Valley crypto startup cLabs, focused on mobile payments and the Celo blockchain project, is following another precedent from Facebook’s Libra playbook by launching an industry association through a separate Celo Foundation.Dozens of blockchain companies and investors – including Libra Association members Coinbase, Andreessen Horowitz, Bison Trails and Anchorage
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