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“# Polygon co-founder raises $2.2M for India COVID-19 relief ” The cryptocurrency community has donated over $2.2 million to help India battle a resurgence in COVID-19 cases that has gripped the South Asian country over the past month. Polygon co-founder Sandeep Nailwal established the COVID-19 relief fund to get more food, vaccines and medicine to…
“# Decentralized insurance could save DeFi from contagion, according to ShapeShift report ” Decentralized finance has many of the hallmarks of previous cryptocurrency bull markets: incredible gains, extreme volatility and massive risks. In a new report, leading noncustodial cryptocurrency exchange ShapeShift explains the four biggest risks facing DeFi investors and why the emerging field of…
“# 1inch launches mobile wallet on Apple iOS ” Decentralized exchange aggregator 1inch launched its wallet on Apple iOS Tuesday, allowing users to swap tokens on their mobile devices. The new wallet brings all the advantages of the 1inch Network to mobile users, allowing traders to instantly swap tokens at lower rates. The iOS wallet…
“# Possible Bitcoin treasury adoption as more companies cite inflation concerns ” No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last…
“# Binance crypto exchange to launch its own NFT platform ” Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021. Based…
“# Gemini to launch Bitcoin cashback rewards on Mastercard credit card ” New York cryptocurrency exchange Gemini today announced the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC), or any other cryptocurrency available on the Gemini platform. The…
“# mStable launches on Polygon, hopes to attract defi users ‘priced out’ of ETH ” Defi-yield protocol mStable has become the latest to embrace second-layer scaling solutions, announcing its deployment on Polygon (formerly known as Matic) today. mStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins,” and asset swapping features are now live on…
“# Tesla books huge profit from Bitcoin sale in Q1 ” Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million “positive…
“# Nigerian hotel becomes country’s first to accept Bitcoin payments ” A luxury hotel in Lagos, Nigeria will reportedly accept Bitcoin (BTC) as a form of payment and adopt the digital asset as its primary reserve currency as concerns about inflation continue to grip Africa’s largest economy. George Residence confirmed its intent to begin accepting…
“# The Giving Block launches ‘Crypto Giving Pledge’ to ramp up crypto donation efforts ” The Giving Block, a leading cryptocurrency donations platform, has launched a new initiative with the stated goal of making crypto the most charitable industry in the world. The “Crypto Giving Pledge” encourages digital asset investors to pledge at least 1%…