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“# Leading DeFi projects launch $100M global adoption initiative ” A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100…
“# Deutsche Telekom to store Celo tokens on Coinbase Custody ” Coinbase Custody, the crypto custodial solution offered by United States exchange giant Coinbase, has been chosen by Deutsche Telekom to store its Celo tokens. According to a release issued on Monday, the telecoms giant identified the robust security protocols offered by Coinbase Custody as…
“# Crypto app Valora raises $20M, becomes independent from Celo ” Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity. In a Tuesday announcement, Valora said Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX, Valor Capital, and others had invested $20…
“# Opera announces support for Celo stablecoins in its crypto wallet app ” According to a release issued on Friday, the inclusion of stablecoins is part of a broader integration with the Celo (CELO) network. Opera says the move will enable greater payment flexibility for millions of its users around the world. Celo’s stablecoins are…
“# Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill ” Bitcoin (BTC) price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back…
“# A16z taps Deutsche Telekom subsidiary as Celo validator ” The United States-based venture capital fund Andreessen Horowitz (a16z) has picked T-Systems MMS validator group, a subsidiary of Deutsche Telekom, to delegate its native Celo (CELO) assets. According to a notice on Deutsche Telekom’s website on Tuesday, T-Systems MMS is running the validator nodes via the…
“# Celo rallies 50% as excitement builds for the upcoming ‘Donut’ hardfork ” Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts. One project…
“# Quiet down, Elon: 5 crypto stories that didn’t need Musk’s Twitter antics to move markets ” There’s more to crypto than Elon Musk’s frequent (and frequently misguided) tweets on the subjects of Bitcoin and Dogecoin. And although the brilliantly visionary CEO / SEC-baiting memeking may have positioned himself as a news cycle unto himself,…
“# Waves, Celo, and Injective Protocol (INJ) breakout as DeFi reawakens ” Bitcoin (BTC) extended its relief rally on Tuesday and reclaimed a market capitalization above $1 trillion. While many traders panicked during Bitcoin’s recent fall below $47,000, fund manager Dan Tapiero said that he spotted a rare TD sequential buy signal during the low….
“# Deutsche Telekom invests in mobile DeFi platform Celo ” Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation…