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Russia’s Biggest Bank Set To Launch Its DeFi Platform By May

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Sberbank, Russia’s biggest banking establishment, is ready to have its decentralized finance (DeFi) platform operational by May. According to a report on February 3 by the Russian news agency Interfax, the Russian majority state-owned bank plans to roll out the project in multiple steps based on statements by the Product Director of the Blockchain Laboratory of Sberbank, Konstantin Klimenko.

Speaking at the 7th Perm Economic Congress on Friday, Klimenko stated Sberbank’s mission of making Russia the leading nation in DeFi operations. He then commented on the highly anticipated project, saying it was in the closed beta testing phase, with open testing set to begin in March.   Read more...

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Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

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Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access.

Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access.

Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.

The press release sent to Bitcoin Magazine describes what an RFQ platform is, saying “An RFQ is a marketplace where users can create orders (requests) for specific items. Luxor’s double-sided RFQ allows both buyers and sellers to create requests for Bitcoin mining ASICs.”  Read more...

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World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders

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Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.

Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.

According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world. Barnard and Carrillo built one of the first and largest private label bitcoin ATM platforms through Bitstop. Based in Miami, FL, Bitstop has over 2,500 bitcoin ATMs worldwide.  Read more...

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To Becomes Bitcoin’s Go-To Platform, Nostr Will Have To Solve Its Key Management Issues

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As Bitcoiners turn to Nostr as a censorship-resistant communication platform, user key management problems will arise.

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.

I suggest, before reading this, that you read the prior article I wrote explaining what Nostr is and how it works at a high level. You should then have a good idea of the core design of the system at that point, so now let’s take a look at likely problems that are going to occur as it grows in adoption. With the platform becoming a popular one for the Bitcoin community, these problems are ones to be aware of.  Read more...

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Huobi Token Sees $75 Million Leave Platform In Last 24 Hours – Can HT Beat FUD?

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Huobi Token (HT) appears to be in a vulnerable state as it continues to deal with the drama that is happening within the Huobi cryptocurrency exchange.

While the crypto hiked its trading price by 3.2% during the last 24 hours to trade at $ 4.72 at the time of this writing according to tracking from Coingecko, the digital asset continues to struggle to regain some of its recent looses.

Over the previous seven and 14 days, HT has squandered 6.4% and 11.3% of its value, respectively, and is on the verge of another meltdown as suggested by some of its technical indicators.  Read more...

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Crypto Trading Platform Paxful Delists Ethereum In ‘Integrity’ Move: CEO

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Paxful CEO Ray Youssef said Ethereum is being removed from the trading platform due to its shift to proof-of-stake and lack of decentralization.

Peer-to-peer (P2P) cryptocurrency trading platform Paxful is delisting Ethereum.

Paxful CEO Ray Youssef took to Twitter on Wednesday to announce the news, confirming a move he had hinted at ten days prior.

“We finally kicked #ethereum off our marketplace. 11.6m humans safer. Integrity over revenue,” Youssef said in a tweet, calling on fellow exchange runners to follow suit.  Read more...

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Instagram To Enable Users Sell And Mint NFTs On The Platform

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Despite the market uncertainty, cryptocurrency developments continue to grow. This time, it is Instagram making buzz on the cryptocurrency spectrum with the announcement of new exciting features to help its content creators to grow and make money on the platform.

In its latest Creator Week 2022 event last Wednesday, Instagram, the seventh most valuable brand worldwide, announced that it would facilitate its fraternity with toolkits to enable them to create, showcase, and sell NFTs to its community.  Read more...

This is a preview of Instagram To Enable Users Sell And Mint NFTs On The Platform. Click Here To Read the full post

Tel Aviv Stock Change To Create Its Own Crypto Platform

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The Tel Aviv Stock Exchange (TASE) has recently mentioned its plans to create a crypto platform. It also mentioned that it would be reshaping the ownership structure of the crypto or blockchain-based platform.

The idea behind launching the platform is to implement a strategy to create more opportunities for crypto trading in order to level with international standards.

This plan is a part of the digital asset strategy spread across 2023 to 2027. TASE went public in the year 2019.

It stated that it was on its way to forming a new publicly traded holding company that would own 100% of the bourse, which would become a private firm.  Read more...

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Hackers Attack MangoMarkets, TempleDAO, And QAN DeFi Platform

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2022 is a rough year for the DeFi ecosystem as hackers continue exploiting the community. From the beginning of the year till now, news of DeFi protocol exploits keeps flooding the crypto industry. So the question is: why do hackers keep targeting decentralized finance protocols?

Today’s report reveals that three DeFi protocols have suffered hack exploits in the past 24 hours. First, TempleDAO, a yield farming protocol, reportedly got attacked yesterday. Peckshield security firm announced the attack on Tuesday, October 11. According to Peckshield, the hacker transferred 1,831 ETH worth approximately $ 2.34 million from TempleDAO.

Image: DeFi  Read more...

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Mango Harvest – Hackers Steal $100 Million From DeFi Platform Mango Markets

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Mango Markets, a decentralized trading platform on the Solana blockchain, has become “ripe for harvest” when it fell victim to hackers who stole more than $ 100 million from the platform, Fortune reported Wednesday.

The hack looked to be the consequence of a price manipulation on Mango Market’s native MNGO token, according to a tweet from the platform.

The perpetrator initially deposited $ 5 million in USDC to the network before opening an unusually big long position, according to a Twitter post by blockchain security firm Hacken.  Read more...

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MicroStrategy Looks To Hire Bitcoin Engineer For Building Lightning Platform

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The job posting details an enterprise SaaS platform to innovate ecommerce and cybersecurity leveraging Bitcoin and the Lightning Network.

  • MicroStrategy is looking to hire a Bitcoin software engineer.
  • The new hire will be tasked with building an enterprise-grade ecommerce and cybersecurity SaaS platform based on Bitcoin and the Lightning Network.
  • The job posting shows preference for Bitcoin and Lightning developers, but also considers some DeFi experience.

Software analytics firm MicroStrategy, the largest corporate holder of BTC, is hiring a Bitcoin software engineer to build a new Lightning-based enterprise platform.  Read more...

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India’s Enforcement Directorate Unfreezes Crypto Platform WazirX’s Assets

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India’s federal Enforcement Directorate (ED) has now unfrozen crypto exchange WazirX’s assets. Last year, ED undertook an investigation into the crypto platform as it suspected violations of foreign exchange regulations.

Following the investigation, the ED froze assets worth $ 8.16 million, or 646.70 million INR.

This is finally good news for WazirX after ED froze the exchange’s assets last month in relation to an ongoing investigation regarding malpractices related to loan apps and apps that provide short-term loans.

Around 16 fintech companies came under investigation who had used the WazirX platform.

In a blog post, the crypto exchange mentioned,  Read more...

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FIFA To Launch New NFT Platform In Partnership With Algorand

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FIFA, the global governing body of soccer, is launching a new NFT collectibles platform with the highly anticipated World Cup just around the corner. The new platform will be launched on Algorand, continuing an existing partnership between the two parties.

Let’s take a look at what we know from initial announcements that have been released this week.

FIFA+ Collect: The Organization’s First Real Foray Into NFTs  Read more...

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LongHash Ventures Rolls Out Web3 Investment Fund Platform Worth $100M

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In a new development, LongHash Ventures will launch a $ 100 million investment fund for the decentralized Web3.

With more innovative products, projects, and applications, the crypto space is growing in leaps and bounds. Furthermore, blockchain technology has created more opportunities for extraordinary accomplishments in the industry and other sectors.

Yet more advancements and developments are still ongoing in the crypto space. It announced this plan on Wednesday. LongHash stated that the fundraising targets to generate $ 100 million and would run till the year ends.  Read more...

This is a preview of LongHash Ventures Rolls Out Web3 Investment Fund Platform Worth $100M. Click Here To Read the full post

English Soccer’s FA Has Launched Plans For New NFT Platform

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The English soccer organization FA has today announced plans for building a new non-fungible token (NFT) platform.

English FA To Launch NFTs Based On English Men’s And Women’s National Soccer Teams

As announced on their website, England’s FA has posted a Request for Proposal (RFP) to find a partner for a long-term non-fungible token platform.

The English FA (which stands for “Football Association”) is the main governing body of both amateur and professional soccer in England. It also happens to be the oldest such organization in the world.  Read more...

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