Binance and Cred Partner to Bring Decentralized Financial Services and LBA to Binance Chain 8864

Binance, the world’s largest cryptocurrency exchange by trading volume and developer of proprietary blockchain Binance Chain, and Cred, the leading platform for crypto lending and borrowing, today announced an agreement to work together to spur the decentralization of finance. As part of the agreement, Cred will migrate a portion of its ERC20 LBA tokens to Binance Chain and will become the official lending and borrowing platform for the DeFi ecosystem. As both an investor and partner in Cred, Binance will also look for opportunities to leverage and support Cred’s industry-leading services within the Binance ecosystem.

“We are delighted to be working with Cred to help scale their efforts to more markets and users around the world through the power of the Binance Chain, which has a one-second block time and will ensure transactions and interactions by Cred’s users will be fast, efficient and effortless,” said Ted Lin, Chief Growth Officer of Binance.

Cred is a licensed lender, based in California and has secured over $300 million in lending capital. Cred enables crypto wallet providers, custodians, exchanges and crypto application providers the ability to offer some of the most competitive lending and borrowing rates in the industry. This year, Cred has announced partnerships with several influential organizations and custodians in the crypto community. Cred LBA holders will be able to commit their crypto to a fixed term and have the option to rollover assets for additional periods. Customers receive the best rates when staking Cred’s LBA token. No account minimum is needed and interest is paid out in Stablecoin. The principal is paid back in the crypto amounts that were initially received.

“Binance has been a strong partner and investor from Cred’s inception and we are very happy to support Binance Chain and continue to collaborate with Binance to bring decentralized finance to everyone in a sustainable way,” said Dan Schatt, Co-Founder of Cred. “We look forward to continuing the Cred-Binance partnership.”

Cred is backed by some of the largest investors in crypto and tech including Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital. Cred is also a founding member of the Universal Protocol Alliance, a board member of the Blockchain Advocacy Coalition.

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Crypto.com: Earn Up to 8% p.a. on PAX Gold (PAXG) Deposits 19007

Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added PAXG to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.

PAX Gold (PAXG) is an asset-backed digital token where each token represents one fine troy ounce (t oz) of London Good Delivery gold, stored in professional vault facilities in London. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.

Crypto Earn now supports 15 coins for holders to maximize their returns, including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, and DAI, with the addition of PAXG. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.

About PAX Gold

PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. For more information, visit: https://www.paxos.com/paxgold.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its “vision of cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 170+ strong team. For more information, please visit www.crypto.com.

SimplyVital Health, Inc. Awarded Competitive Grant from the National Science Foundation for its HIPAA Compatible Blockchain Protocol 21141

SimplyVital Health, Inc. (SVH) has been awarded a National Science Foundation (NSF) Small Business Technology Transfer (STTR) grant for $225,000 to conduct research and development (R&D) on the integration of the Graphene protocol with SVH’s Health Insurance Portability and Accountability Act (HIPAA) compatible blockchain protocol, Nexus. Graphene is a breakthrough in block propagation technology that requires a fraction of network resources, improving the performance of the blockchain while lowering its costs.

The broader impact of SVH’s research is to decrease healthcare costs by enabling data access through blockchain. Healthcare, globally, suffers from a lack of trust and value, halting the accessibility of beneficial healthcare information. Utilizing their experience in healthcare administration and advanced technology, SVH solved for trust and value, creating an avenue for safe data access.

“NSF is proud to support the technology of the future by funding the most creative, impactful ideas,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With our support, deep technology startups can guide basic science into meaningful solutions that address tremendous needs.”

“This grant is transformative and endorses blockchain as a viable tool to re-engineer healthcare,” said Kat Kuzmeskas, SVH’s CEO, “We are thrilled to represent the NSF with our blockchain work.”

NSF accepts Phase I proposals in June and December from small businesses with innovative science and technology solutions, and commercial potential. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.

BitMovio Announces Partnership With Leading Blockchain Consulting Agency Block72 for International Expansion 21348

BitMovio

BitMovio, a blockchain-enabled video entertainment platform, recently announced a partnership with Block72 to accelerate plans for global expansion. Through this partnership, BitMovio will focus on entering Asian markets and growing their global user base. “We’ve gained significant momentum over the past several months with hundreds of studios/creators and thousands of hours of premium content onboarded, especially among the independent film, TV, and professional YouTube streamer community,” said Simon Zhu, co-founder and CEO of BitMovio. “We expect that this partnership with Block72 will help double down on BitMovio’s leadership position in the blockchain entertainment space with expansion into South Korea, China, and other Southeast Asian countries.”

A cross between Twitch, Netflix, and Patreon, BitMovio is a new breed of video entertainment platforms that utilizes blockchain technology, cryptocurrency, and platform-specific virtual goods to enable users to transparently and instantaneously exchange value and attention. BitMovio is currently in open-beta and is ramping up blockchain development with additional gamification features. They are introducing their own cryptocurrency token and integrating with Theta Labs’ decentralized mesh video streaming infrastructure.

BitMovio is on a mission to disrupt the industry’s centralized content distribution and financing model. The platform features a wide array of video genres including gaming, sci-fi, fantasy, horror, paranormal, conspiracy, and more. Over the past several months, BitMovio has signed over 6,000 hours of premium video content from a variety of producers.

“We are constantly looking for promising blockchain projects that can solve real-world problems, and which have the potential to achieve mainstream adoption,” said Sinhae Lee, founding partner at Block72. “We hope to expand BitMovio’s business and the adoption of its ecosystem through Block72’s global network, as well as create a compelling use case through the success of the project.”

Block72 is a joint venture of GBIC and FBG Capital to provide marketing services to a demanding blockchain startup scene. The two venture capital funds have a well-developed portfolio of investments in the blockchain space and their success has allowed them to build a solid reputation in the industry. Their team has rich experience in marketing, public relations, and community growth and has helped countless projects secure capital and build engaged communities that serve as the core of their respective decentralized ecosystems. Block72 has offices around the globe, providing a large network that continues to grow within the broader tech sector.

BitGo Staking Launches with Dash and Algorand 21313

BitGo, the leader in digital asset financial services, announced today that it has launched BitGo Staking. Clients whose assets are with qualified custodian BitGo Trust can now generate passive income while their assets remain in secure, insured cold storage. BitGo Staking launches with Dash and Algorand, with support for additional coins planned for later this year. The rate of return will vary by coin, running from 7 percent to up to 13 percent for Algorand.

The company also announced that it has acquired Hedge, a leader in scalable, programmatic deployment of staking infrastructure. This acquisition forms the foundation of BitGo Staking through the integration of Hedge’s automated secure deployments, scalable and redundant processes, and the use of hardware security modules (HSMs) and secure cryptographic enclaves. Clients will have the option of choosing to delegate staking to BitGo or to the provider of their choice.

Proof of Stake

Proof of Stake (PoS) is gaining momentum as a number of new protocols move to the PoS model. Ethereum, the second largest asset by market cap, is expected to transition to this model within the next year. A key benefit of the PoS model is that it does not need substantial amounts of committed mining power making it more energy efficient than PoW. In addition, the ability of PoS coins and tokens to generate passive returns makes them attractive to a variety of investors and can incentivize long-term holding of the asset.

BitGo Staking benefits

  • Best-in-class security architecture: each node runs on its own dedicated virtual machine so one client’s node cannot access other nodes or infrastructure
  • No keys go online: seamless integration with BitGo Custody keeps assets in cold storage
  • Multi-signature technology: the industry standard for institutional investors
  • Choice of staking providers: delegate staking to BitGo Trust or use the staking provider of your choice
  • Insurance: custodial assets are insured for up to $100 million

“In order to be a great custodian, we need to provide our clients with the ability to use their assets in custody. Staking provides our clients with returns on their investments without ever moving their assets out of custody,” said Ben Chan, CTO, BitGo. “Our acquisition of Hedge builds on the blockchain and staking expertise within our engineering platform to deliver an automated, end-to-end staking service.”

“Building trust in cryptocurrency is a shared mission between BitGo and Dash, which led to our initial partnership last year,” said Ryan Taylor, CEO of Dash Core Group. “Dash support in BitGo Staking builds on this relationship and provides additional ways to derive value from Dash in a safe and secure environment. We’re thrilled to be a part of BitGo Staking’s inaugural launch and expect masternode owners will be as well.”

“We are excited to welcome BitGo to the Algorand community,” said W. Sean Ford, COO of Algorand, Inc. “By providing custodianship services with multi-sig security as well as new staking opportunities, the BitGo partnership adds even more opportunities to participate in the Algorand ecosystem.”

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Congo mine deploys digital weapons in fight against conflict minerals 20747

In a small shack overlooking muddy pits hewn out of eastern Congo’s rolling green hills, a government official puts a barcoded tag on a sack of ore rich in tantalum, a rare metal widely used in smartphones. With a handheld device linked to a server in the cloud, the agent scans the barcode, uploading data including the sealed bag’s weight, when it was tagged, and by whom.

It’s the latest initiative in eastern Democratic Republic of Congo to improve systems meant to show minerals entering global supply chains come from mines that don’t use child labor or fund warlords and corrupt soldiers.

The new system developed by RCS Global, a company in Berlin that audits supply chains, started in January at Societe Miniere de Bisunzu’s (SMB) mine near Rubaya, which has some of Africa’s largest deposits of coltan, a tantalum-rich ore.

“It allows purchasers of SMB material to be sure that it actually comes from that mine site and is not smuggled into the supply chain from other mines, as much as possible,” said Ferdinand Maubrey, a managing director at RCS.

Whether the new digital approach to tracing metals such as tantalum and cobalt succeeds is of keen interest to companies, especially carmakers like Tesla, General Motors and Ford, as regulators on both sides of the Atlantic put pressure on end-users to prove their supply chains are clean.

Now, companies mostly rely on a paper-based certification scheme. But U.N. experts have documented cases of tags used to identify clean minerals being stolen in another part of eastern Congo and sold to smugglers – allowing them to pass off ore from blacklisted mines as responsibly sourced.

Maubrey said the new system had helped prevent tainted ore being mixed in with SMB’s products by creating new obstacles. To use stolen tags, for example, a smuggler would also need to steal both the scanner and the laptop linked to it – which Maubrey said would be easily detected.

Even so, Maubrey conceded the system has limitations. For one, it does not use available technology to pinpoint the GPS coordinates of where the ore was tagged in real time, largely because of the high costs involved, he said.

SMB Chief Executive Ben Mwangachuchu also said digital systems could be corrupted if the government agents who tag bags conspire with smugglers to enter incorrect data from the outset.

Bitmain to launch the World Digital Mining Map this October 20441

Mining

During the World Digital Mining Summit (WDMS) – which will take place in Frankfurt on 8-10 October – Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).

To remain price-efficient, owners of mining hardware are regularly on the lookout for locations with the right conditions and power resources for cryptocurrency mining. The WDMM will be the first global resource to connect them with mining farms who have the available power resources to host them for a fee.

“The WDMM will help make cryptocurrency mining more sustainable in the long-run by connecting mining farms and hardware owners in a whole new way. It is part of our commitment to provide miners with on-going support throughout their hardware’s lifetime and to support the sector’s overall growth,” said Matthew Wang, Director of Mining Farm of Bitmain.

Mining farm owners can apply to be listed on the WDMM during the WDMS. Applicants will need to provide details on their current mining farm setup and capacity to host other miners. In return, participants will be given personalised services from Bitmain which includes assistance with mining farm design, connections to foreign customers to host, and support with operations, purchasing and construction.

“Being listed on the WDMM helped me to find miners who want to host their rigs in my facility. Bitmain was able to connect me with the right customers to fill in the extra capacity I had. This is the support I needed to help me expand my facility at a faster pace,” said Gregory Ohanessian, CMO of VC Mining.

“Bitmain is our key partner. About 85% of the equipment in operation on our site is from Bitmain. In practice, we checked the reliability of this equipment, ease of operation, and highest efficiency. Bitmain not only sells equipment, but also helps us operate and maintain the equipment in the most efficient way, it helps us to further the output and reduce the down time of our customers’ miners,” added Dmitrii Ushakov, Chief Commercial Officer of Bitriver.

During the WDMS, Bitmain will also announce the winners of the Top 10 Mining Farms around the world. The summit will provide a workshop focused on mining farm data analysis, as well as discussions on the future of mining facilities. There will be opportunities for miners and mining farm owners to exchange ideas and explore partnership opportunities.