Tuesday, May 28, 2024
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Binance launches pilot program for bank custody of collateral

Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk.Binance trading interface. Source: Binance.According to the announcement, the program allows institutions to hold collateral at a third-party bank

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Polygon Labs Starts 110M MATIC Grant Program to Draw Builders to Its Ecosystem

Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants, whereby community members make donations that act as votes on where they are allocated. Source

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Circle launches ‘points-to-crypto’ program with Taiwan convenience store chain

The United States-based stablecoin issuer Circle has reported a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new ‘Points-to-Crypto’ service on the Taiwan FamilyMart App. This will allow FamilyMart customers to exchange their

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A16z-backed privacy company announces $300 million funding program

Nym Technologies, a company specializing in blockchain privacy, has announced a multi-million dollar funding program with the goal of offering financial support to projects dedicated to constructing security-centric infrastructure.  The initiative, known as the Nym Innovation Fund, will pool resources from prominent venture capitalists, including Polychain, KR1, Huobi Incubator and Eden

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Reddit mods dumped tokens hours before blockchain program termination

Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddits tanked after the announcements. Each subreddit had

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Anoma Foundation Backs Namada’s Community Builders Program

The Anoma Foundation is demonstrating its commitment to the cause of digital privacy by incentivizing and rewarding contributions to the Namada Community Builders Program. In an exciting development for the blockchain community, Switzerland-based blockchain non-profit Anoma Foundation has announced its support for Namada, a multichain privacy protocol, by launching a Community

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 Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program

Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to

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