blockchains - FinTecBuzz https://fintecbuzz.com Fintech News Fri, 05 Jul 2024 04:23:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://fintecbuzz.com/wp-content/uploads/2019/04/cropped-Original-black-FinTech-512-32x32.png blockchains - FinTecBuzz https://fintecbuzz.com 32 32 Aave’s GHO Stablecoin Now Live on Arbitrum Powered by Chainlink CCIP https://fintecbuzz.com/aaves-gho-stablecoin-now-live-on-arbitrum-powered-by-chainlink-ccip/ Wed, 03 Jul 2024 14:00:21 +0000 https://fintecbuzz.com/?p=61664 Following community discussions and voting, the Aave DAO has launched GHO on the Arbitrum network – the DAO’s first new market in its phased GHO cross-chain expansion strategy. GHO, the multi-collateralized stablecoin native to the Aave Protocol, will utilize the industry standard Chainlink Cross-Chain Interoperability Protocol (CCIP) and rollout progressively, beginning with Arbitrum as the first network and expanding over time to other networks. The expanded availability of GHO beyond Ethereum mainnet aims to increase accessibility, lower transaction costs, enhance the user experience, and...

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Following community discussions and voting, the Aave DAO has launched GHO on the Arbitrum network – the DAO’s first new market in its phased GHO cross-chain expansion strategy. GHO, the multi-collateralized stablecoin native to the Aave Protocol, will utilize the industry standard Chainlink Cross-Chain Interoperability Protocol (CCIP) and rollout progressively, beginning with Arbitrum as the first network and expanding over time to other networks. The expanded availability of GHO beyond Ethereum mainnet aims to increase accessibility, lower transaction costs, enhance the user experience, and improve liquidity, fostering greater adoption and spurring innovation. Although GHO is issued on Ethereum mainnet, the cross-chain strategy enabled by Chainlink CCIP will open the door to integration opportunities and new use cases. With the expansion to Arbitrum, the largest Layer 2 network with $17.7B in TVL, GHO becomes a borrowable asset in the Aave Arbitrum pool, making GHO more available in a cost effective way with additional use cases expected to follow.

“Congratulations to the Aave community on achieving this milestone for GHO’s expansion beyond Ethereum mainnet to Arbitrum,” said Aave Labs Founder and CEO Stani Kulechov. “The DAO’s measured approach to making GHO more accessible, aligns perfectly with its commitment to stability and risk management. Integrating with other networks will lower fees, offer faster transactions, and enhance liquidity, making GHO more attractive to users and ushering in a variety of new use cases, including GHO digital payments.”

“We are excited to see that the Aave DAO has chosen Arbitrum as the first platform to launch its GHO stablecoin. This integration is poised to revolutionize accessibility, lower transaction costs, and unlock unprecedented liquidity. As decentralized finance continues to advance, we are looking forward to seeing more transformative new use cases across Arbitrum.” said Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation

“Excited to see that the Aave community has voted to choose the security of Chainlink’s CCIP as its interoperability solution for cross-chain GHO transfers. I have always seen the developers of Aave prioritize security, thanks to their deep understanding of the dynamics around keeping user value secure. CCIP does provide a large improvement on the security of other cross-chain systems, which is what will come to define it as the leading cross-chain infrastructure, just like the security of Chainlink Data Feeds is what led them to become the leading source of data in DeFi,” said Sergey Nazarov, Co-Founder of Chainlink.

For secure and cost-effective GHO cross-chain transfers, the Aave DAO chose CCIP, which is compatible with both EVM and non-EVM networks, enhances risk mitigation, security, and user experience through advanced features and mechanisms like rate limits, flexible billing, Programmable Token Transfers, a well-audited codebase, and a first of its kind separateRisk Management Network. Additionally, CCIP’s cross-chain security innovations empower the DAO through important risk management levers such as configurable rate limits and the ability to control GHO bridge logic. Backed by Chainlink’s battle-tested infrastructure, CCIP is widely adopted across  DeFi and capital markets and supports existing Aave deployments, helping to ensure smooth and secure cross-chain expansion for GHO.

GHO was designed to be a secure multi-chain stablecoin architectured for flexibility. Arbitrum has, and every chain with GHO in the future will have, its own GHO version, backed by reserves on Ethereum, for sufficient collateralization. For secure cross-chain transfers between Ethereum and non-Ethereum chains like Arbitrum, GHO uses a lock-and-mint model enabled by CCIP, where tokens are locked on Ethereum while an equivalent amount is minted on the other network, keeping the total supply constant. As additional chains are supported, transfers between non-Ethereum chains will use a burn-and-mint model enabled by CCIP for maximum capital efficiency and fungibility, while still being backed by reserves on Ethereum. This ensures security and flexibility for GHO’s future expansion across multiple blockchains.

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Fuel and Immunefi Launch $1.3M Attackathon, Web3’s Largest Security Audit https://fintecbuzz.com/fuel-and-immunefi-launch-1-3m-attackathon-web3s-largest-security-audit/ Mon, 03 Jun 2024 17:30:54 +0000 https://fintecbuzz.com/?p=60337 Fuel, the operating system purpose-built for Ethereum rollups, today announced its strategic partnership with Immunefi, the leading crowdsourced security platform for web3 protecting over $60 billion in assets. The alliance will launch the largest-ever Attackathon, featuring a rewards pool totaling $1.3 million. This comprises a $1 million prize for the Attackathon and a dedicated $300,000 program for the top 4 ecosystem decentralized applications (dApps). Attackathon is a curated crowdsourced security audit conducted by elite security researchers...

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Fuel, the operating system purpose-built for Ethereum rollups, today announced its strategic partnership with Immunefi, the leading crowdsourced security platform for web3 protecting over $60 billion in assets. The alliance will launch the largest-ever Attackathon, featuring a rewards pool totaling $1.3 million. This comprises a $1 million prize for the Attackathon and a dedicated $300,000 program for the top 4 ecosystem decentralized applications (dApps).

Attackathon is a curated crowdsourced security audit conducted by elite security researchers combined with a comprehensive community education program. The event will stress test the Fuel code base and its top 4 ecosystem projects to identify and resolve potential vulnerabilities, while fostering an engaged security researcher community around its technology and the entirety of its ecosystem before Fuel’s mainnet release in Q3 2024. It features an Immunefi time-bound code review program, ensuring the highest engagement possible from best-in-class security researchers. Critical reports will be surfaced in real-time as Fuel’s program runs, unlike traditional audits, where a project would need to wait until an audit is concluded to assess any potential vulnerabilities. Moreover, participants will get access to “Fuel Education Weeks” with educational blog posts, live streams going over the tech stack, as well as interviews and Q&A sessions with notable security researchers.

Unlike existing virtual machines (VMs) designed for layer-1 (L1) blockchains or general-purpose computation systems, Fuel offers the first purpose-built VM that unlocks new capabilities for Ethereum rollups. Powered by the FuelVM, Fuel aims to expand Ethereum’s capability set without compromising security or decentralization. By executing transactions in parallel, Fuel can scale to users’ increasing demand for transaction bandwidth while ensuring a high-quality user experience. Allowing rollups to solve for PSI (parallelization, state minimized execution, interoperability),  Fuel allows any chain builder to deploy highly scalable rollups and app chains to solve any type of use case.

“Fuel is set to power a new era for Ethereum rollups and we want to ensure we have the best security standards in place. Partnering with Immunefi is a crucial step in this endeavor that underscores our commitment to secure our ecosystem ahead of our mainnet launch, and to begin fostering a security-first culture among all contributors,” said Nick Dodson, CEO and Co-Founder of Fuel Labs.

Immunefi operates the largest web3 security community with over 45,000 researchers. It protects over $60Bn in user funds for established projects like Chainlink, Wormhole, MakerDAO, TheGraph, Synthetix, Polygon, Optimism, and more. Immunefi has paid out the most significant bug bounties in the software industry, amounting to over $95 million while saving over $25 billion in user funds. Currently, Immunefi offers over $161 million in bounty rewards. With Immunefi’s researchers, 80% of projects find vulnerabilities missed by audits.

“We’re excited to partner with Fuel to launch the industry’s largest Attackathon and support them in building a security-focused community around its technology and ecosystem,“ said Mitchell Amador, Founder and CEO of Immunefi. “Ensuring security remains a paramount and ongoing concern. We’re not only enlisting top security talent to stress test Fuel but also taking the extra step to educate them on its essential technological aspects throughout the program.”

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Introducing Golden Inu Token: The Future of Decentralized Finance https://fintecbuzz.com/introducing-golden-inu-token-the-future-of-decentralized-finance/ Mon, 22 Apr 2024 15:30:06 +0000 https://fintecbuzz.com/?p=58555 Golden Inu Token ($GOLDEN) bridges Binance Smart Chain & Ethereum, prioritizing decentralization & community empowerment in DeFi.

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GOLDEN Inu Token, also known as $GOLDEN, presents an innovative solution for bridging the Binance Smart Chain (BNB) and Ethereum blockchains, aiming to streamline decentralized finance (DeFi) operations. Since its deployment on the BNB Chain and Ethereum on February 24th, 2023, Golden Inu Token has emerged as a beacon of decentralization and unity, forging a path towards a prosperous tomorrow.

At the heart of Golden Inu Token is its commitment to investor and community interests. Unlike many other cryptocurrency projects, Golden Inu prioritizes transparency, decentralization, and long-term portfolio expansion. Through its unique fund allocation strategy, Golden Inu minimizes altcoin trading risks and encourages sustainable growth within its ecosystem.

One of the standout features of Golden Inu is its groundbreaking Golden Multi-signature wallet. With a percentage of each transaction contributing to the liquidity pool and the Golden Multi-signature wallet, managed by Safe.Global, Golden Inu ensures a secure stream of revenue for long-term token holders. This innovative approach leads to a deflationary supply and the potential for increased token value over time.

Moreover, Golden Inu extends beyond just a cryptocurrency. It represents a movement towards a more equitable future, where value is shared and power is distributed among the many. The Golden Horde, a community of like-minded individuals, stands as a testament to this vision, working tirelessly to propel Golden Inu towards its goals of widespread adoption and impact.

The Golden Inu ecosystem offers a range of products and services designed to empower its community members. From the Golden Inu Exchange, a decentralized exchange promising unrestricted access to cryptocurrency trading, to the Golden Inuverse, a play-to-earn crypto game where users can earn $GOLDEN tokens through in-game tasks, Golden Inu is leading the charge towards a more inclusive and prosperous digital economy.

GOLDEN Inu Token, established with a mission to transform the global crypto landscape, bridges the Binance Smart Chain and Ethereum blockchains, prioritizing decentralization and community empowerment. Through its unique fund allocation strategy and the Golden Multi-signature wallet managed by Safe.Global, GOLDEN Inu ensures long-term portfolio expansion and a secure revenue stream for token holders.

The Golden Horde community, central to the project’s ethos, fosters transparency and decentralized decision-making, while diverse ecosystem offerings such as the GOLDEN Inu Exchange and the play-to-earn crypto game, GOLDEN Inuverse, empower users and broaden access to decentralized finance.

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BingX lists Wormhole Protocol’s Token to Expand Spot Offerings https://fintecbuzz.com/bingx-lists-wormhole-protocols-token-to-expand-spot-offerings/ Thu, 04 Apr 2024 16:30:34 +0000 https://fintecbuzz.com/?p=57820 The leading global cryptocurrency exchange BingX has announced it will list Wormhole token (W), the governance token of Wormhole Protocol, on its spot trading platform. Wormhole Protocol is a decentralized, cross-chain protocol designed to facilitate the seamless transfer of assets across different blockchains. Currently bridging over 30 different blockchains and hosting over 200 applications, Wormhole has become a vital infrastructure for thousands of developers engaged in cross-chain operations. Notably, it has processed over a billion multi-chain messages for platforms like...

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The leading global cryptocurrency exchange BingX has announced it will list Wormhole token (W), the governance token of Wormhole Protocol, on its spot trading platform.

Wormhole Protocol is a decentralized, cross-chain protocol designed to facilitate the seamless transfer of assets across different blockchains. Currently bridging over 30 different blockchains and hosting over 200 applications, Wormhole has become a vital infrastructure for thousands of developers engaged in cross-chain operations. Notably, it has processed over a billion multi-chain messages for platforms like Uniswap and Circle.

Wormhole token (W) serves as the governance token of the Wormhole protocol, empowering token holders to steer the protocol’s direction through on-chain governance via a dedicated decentralized autonomous organization (DAO). The listing of W on BingX will enhance its accessibility and visibility within the global crypto community, underscoring its critical role within the Wormhole ecosystem.

Trading of W will commence according to the following schedule:

– W deposits open at 05:00:00 (UTC+0) on April 2, 2024.
– Spot trading for W/USDT opens at 12:30:00 (UTC+0) on April 3, 2024.
– W withdrawals open at 12:30:00 (UTC+0) on April 3, 2024.

BingX Spot provides users with early access to some of the most coveted tokens in the crypto space. The listing of W marks a significant milestone in BingX’s commitment to offering users a diverse range of trading options, further solidifying its position as a premier cryptocurrency exchange.

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WSPN and MathWallet jointly launch StableWallet https://fintecbuzz.com/wspn-and-mathwallet-jointly-launch-stablewallet/ Fri, 29 Mar 2024 17:00:08 +0000 https://fintecbuzz.com/?p=57561 WSPN, a global digital payments leader providing transparent, fast, and efficient solutions leveraging distributed ledger technology, has partnered with leading Web3 wallet provider MathWallet to launch StableWallet – a groundbreaking new account abstraction (AA) wallet that represents a major advancement in the Web3 space. StableWallet provides enhanced security, convenience, and flexibility for managing digital assets across multiple blockchains. “Through our partnership with MathWallet, we are proud to introduce StableWallet, leveraging pioneering AA technology to transform...

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WSPN, a global digital payments leader providing transparent, fast, and efficient solutions leveraging distributed ledger technology, has partnered with leading Web3 wallet provider MathWallet to launch StableWallet – a groundbreaking new account abstraction (AA) wallet that represents a major advancement in the Web3 space. StableWallet provides enhanced security, convenience, and flexibility for managing digital assets across multiple blockchains.

“Through our partnership with MathWallet, we are proud to introduce StableWallet, leveraging pioneering AA technology to transform digital asset management,” said Raymond Yuan, Founder of WSPN. “StableWallet exemplifies our commitment to driving innovation in digital payments and the Web3 ecosystem.”

Account abstraction (AA) wallets represent a significant leap forward in the Web3 ecosystem, blurring the lines between traditional private key wallets and smart contract-based accounts. By integrating both functionalities, AA wallets enable users to define their wallets through programmable smart contracts, unlocking a realm of advanced features and customization options.

Leveraging the transformative power of Account Abstraction, StableWallet stands at the forefront of security innovation, offering unmatched protection through advanced programmable recovery mechanisms and robust multi-signature controls. Seamlessly blending security with convenience, StableWallet ensures a user-centric experience by automating gas fees, simplifying transactions, and providing limitless customization possibilities through deep integration of programmable smart contracts.

Beyond its pioneering security measures, StableWallet serves as a pivotal link between the Ethereum and Polygon ecosystems, facilitating effortless asset management across diverse chains through a unified cross-chain interface. At its debut, StableWallet boasts essential features such as native support for Ethereum and Polygon networks, flexibility in fee token options with WUSD and USDT, and the capacity for multi-chain crypto smart contract wallet functionalities.

“We are thrilled to partner with WSPN and jointly unveil StableWallet’s powerful capabilities,” said Eric, CTO of MathWallet. “By combining cutting-edge account abstraction technology with robust security features and cross-chain compatibility, StableWallet empowers users to explore the decentralized realm with unparalleled confidence.”

Looking ahead, StableWallet has an ambitious roadmap to roll out new capabilities that will further elevate the user experience. Upcoming features include daily free transfers, batch transactions with one-click execution, enterprise multi-signature smart wallets, and integration with collaboration platforms, etc. These additions, among others, will continuously expand StableWallet’s functionality to meet evolving user needs in the Web3 space.

Whether for a seasoned cryptocurrency enthusiast or a beginner to the blockchain world, StableWallet offers a powerful tool to revolutionize user experience of digital asset management. Stay tuned for upcoming feature releases and network expansions as WSPN and MathWallet continue to push the boundaries of Web3 technology.

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Gate Web3 Wallet adds Support for Base, Sui, Sei, BRC-20, & More https://fintecbuzz.com/gate-web3-wallet-adds-support-for-base-sui-sei-brc-20-more/ Tue, 05 Sep 2023 18:00:52 +0000 https://fintecbuzz.com/?p=49513 Gate Web3 Wallet, the non-custodial multi-chain wallet developed by the Gate.io exchange, has released significant updates to its mobile app and browser extension versions. The updates include performance and feature improvements, such as newly integrated and supported chains, expanded configuration options, chain auto-detection, user experience enhancements, backend upgrades, and more. Chrome extension update (V1.0.9) Support for SUI and SEI Chains: Full support for SUI and SEI. Users can create, import, receive, and send SUI and SEI native...

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Gate Web3 Wallet, the non-custodial multi-chain wallet developed by the Gate.io exchange, has released significant updates to its mobile app and browser extension versions. The updates include performance and feature improvements, such as newly integrated and supported chains, expanded configuration options, chain auto-detection, user experience enhancements, backend upgrades, and more.

Chrome extension update (V1.0.9)

  • Support for SUI and SEI Chains: Full support for SUI and SEI. Users can create, import, receive, and send SUI and SEI native assets and tokens within the wallet.
  • Base Chain Integration: The Gate Web3 wallet has integrated the Base chain, which is compatible with the Ethereum Virtual Machine (EVM). This means users can run smart contracts and DApps on the Base chain, similar to those on Ethereum.
  • NFTs: Users can manage and trade NFTs from Binance Smart Chain (BSC), Arbitrum (ARB), and Ethereum (ETH), all within the same wallet.
  • Automatic Chain Detection: Automatically detect and identify networks and assets that users hold on different blockchains to aid in adding blockchains and accounts.
  • Flexible Blockchain Configuration: New interface and data structure optimizations enable dynamically configured supported blockchains. Users can add or remove assets based on their needs.

Mobile app update

(iOS: 5.6.2(202308182130) Android: 5.6.7)

  • Addition of Base EVM-Compatible Chain: The Gate Web3 wallet now supports more EVM-compatible blockchains. Users can transact and interact across different ecosystems, including Base.
  • Support for SUI and SEI Chains: Support for the SUI and SEI chains streamlines the process for users to create and import wallets. This feature simplifies sending and receiving tokens on-chain, improving asset management.
  • BRC20 Functionality: Support for BRC20, allowing users to effortlessly create, receive, and transfer BRC20 tokens.
  • BTC Address Selection: Users can now select their desired BTC destination address, ensuring funds are easily sent to the correct address.
  • Multi-Chain Token Details: Comprehensive token details from various chains and an aggregate asset overview, all within a single interface, making asset management and tracking more efficient.
  • Support for NFTs on BSC and ARB: Allows users to send NFTs on both BSC and ARB chains, making NFT management and trading more convenient.
  • New Activities Feature: Users can now track recent transactions and activity from the homepage, keeping tabs on wallet history and transaction records.
  • Optimized Transaction History: Improved transaction history page displaying detailed transaction data, including hashes, simplifying the tracking of transaction statuses and confirmations.
  • Flutter Version DEX Module: The Gate Web3 wallet transitioned from the H5 DEX module to a Flutter version, delivering a smoother, more responsive, and user-friendly DEX experience.

The latest upgrades to the Gate Web3 Wallet have expanded support for various blockchains and their ecosystems, allowing users to more efficiently manage their assets, transact across multiple chains with different asset types, and interact with decentralized platforms. In addition, several new features have refined the user experience and brought greater flexibility and customization to the Gate Web3 Wallet.

The Gate Web3 Wallet is at the core of Gate Web3, Gate.io’s platform for everything decentralized and Web3-related. Along with a versatile wallet, Gate Web3 provides users with a hub for decentralized finance, including single-chain and cross-chain swaps and transfers, order book-style futures, a Web3 token launchpad, staking and airdrop aggregators, and more.

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Quantstamp launches Novel Economic Exploit Analysis Service https://fintecbuzz.com/quantstamp-launches-novel-economic-exploit-analysis-service/ Thu, 24 Aug 2023 16:00:12 +0000 https://fintecbuzz.com/?p=49023 Quantstamp, a global leader in blockchain security, is pleased to announce the launch of its novel service called Economic Exploit Analysis. This exclusive, first-of-its-kind offering allows Quantstamp to uncover flash loan attack vectors in smart contracts through automated tooling before protocols get hacked. The Economic Exploit Analysis service is powered by research from the University of Toronto that Quantstamp advanced and turned into a production-level tool. In the first half of 2023 alone, an estimated $207M was stolen through flash...

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Quantstamp, a global leader in blockchain security, is pleased to announce the launch of its novel service called Economic Exploit Analysis. This exclusive, first-of-its-kind offering allows Quantstamp to uncover flash loan attack vectors in smart contracts through automated tooling before protocols get hacked. The Economic Exploit Analysis service is powered by research from the University of Toronto that Quantstamp advanced and turned into a production-level tool.

In the first half of 2023 alone, an estimated $207M was stolen through flash loan attacks. A flash loan is an uncollateralized loan provided by a smart contract that can be taken out for as short as a single transaction. In these attacks, hackers leverage flash loans to borrow substantial funds and manipulate DeFi protocols into unexpected states that developers may not have anticipated. Flash loan attacks can drain the entire TVL (total value locked) of a DeFi protocol, and their complicated nature combined with DeFi’s composability means these attack vectors often evade conventional audits.

Seeing the dire need to prevent these attacks, Quantstamp collaborated with researchers from the University of Toronto to advance their research into a production-level automated tool. With the tool now fully developed, Quantstamp is unveiling a new service for DeFi clients called Economic Exploit Analysis, where the Quantstamp team uses the tool to detect flash loan attack vulnerabilities in a client’s code. Available for both deployed and undeployed protocols, this innovative service will vastly benefit the entire DeFi ecosystem by reducing the number of flash loan attacks and the amount of funds lost to those hacks.

Quantstamp believes that the Economic Exploit Analysis service will have a lasting impact on the DeFi ecosystem. Coupled with Quantstamp’s core business offering, smart contract audits, services such as Economic Exploit Analysis will foster a safer and more secure environment for both DeFi companies and their users, pushing the industry further toward mainstream adoption.

“DeFi has the potential to change the global financial infrastructure for the better, but its success requires preempting threats like flash loan attacks. We developed this tool to provide DeFi protocols an extra layer of security on top of audits,” said Martin Derka, Head of New Initiatives at Quantstamp“As DeFi evolves, security measures need to evolve with it. Services like Economic Exploit Analysis give us an edge against hackers.”

While the search process of the tool is automated, some manual guidance and protocol-specific adaptations are required. In addition to checking clients’ contracts, auditors also incorporate contracts from the integrated and other relevant DeFi protocols, which enhances Quantstamp’s ability to discover flash loan attack vectors that involve multiple protocols. While the search tool is non-exhaustive, meaning that attacks may still exist even if the automated tool doesn’t detect them, its practical success rate is remarkably high. Currently available across all EVM-compatible chains, the Economic Exploit Analysis service has the potential to adapt the tool to other blockchains and VMs (virtual machines) suffering from similar attack vectors.

Quantstamp also offers security services including smart contract audits, ZK rollup audits, and more. Quantstamp is blockchain-agnostic, conducting audits for several other blockchains beyond Ethereum including Solana, Flow, Cardano, Avalanche, Binance Smart Chain, Near, Hedera Hashgraph, Tezos, Aptos, and Sui.

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Valour Inc. unveils Ethereum Physical Staking ETP https://fintecbuzz.com/valour-inc-unveils-ethereum-physical-staking-etp/ Tue, 22 Aug 2023 15:30:59 +0000 https://fintecbuzz.com/?p=48900 DeFi Technologies’ subsidiary, Valour Inc., introduces its innovative Ethereum Physical Staking ETP under the EU-wide issuance platform, Valour Digital Securities Limited (VDSL) on XETRA. Tax benefit for investors based in Germany after holding period of one year possible for the first time in ETH. The groundbreaking ETP, with a 1.49% management fee, provides investors with a simplified gateway to Ethereum staking while benefiting from robust security enhancements. Partnership with industry leaders like Copper Markets (Switzerland) AG and Blockdaemon ensures paramount security and a...

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  • DeFi Technologies’ subsidiary, Valour Inc., introduces its innovative Ethereum Physical Staking ETP under the EU-wide issuance platform, Valour Digital Securities Limited (VDSL) on XETRA. Tax benefit for investors based in Germany after holding period of one year possible for the first time in ETH.

  • The groundbreaking ETP, with a 1.49% management fee, provides investors with a simplified gateway to Ethereum staking while benefiting from robust security enhancements.

  • Partnership with industry leaders like Copper Markets (Switzerland) AG and Blockdaemon ensures paramount security and a non-custodial staking environment for investors.
  • DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi“), is excited to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has launched its 1Valour Ethereum Physical Staking ETP, set to redefine and simplify the Ethereum investment landscape. This innovative product aims to harness the essence of Ethereum while offering investors access to additional yield income opportunities.

    The 1Valour Ethereum Physical Staking ETP (ISIN GB00BRBMZ19) is issued by Valour’s new EU-wide issuance platform for physically stored digital assets Valour Digital Securities Limited (“VDSL“). This Jersey-based securities issuer has garnered approvals from both Swedish and Jersey regulatory entities and is underpinned by digital assets physically safeguarded by licensed custody providers.

    Available for trading on the Frankfurter Wertpapierboerse/ XETRA, the new staking ETP is poised to simplify network participation for investors. With a fixed yield, undefined expiry and a 1.49% management fee, investors have the potential to earn passive returns, sidestepping the technical challenges involved with staking, and actively contributing towards the evolving DeFi landscape. Enhanced security measures including slashing insurance and full collateralization mean investors benefit from additional transparency and security measures.

    Crypto staking represents a cornerstone in blockchain dynamics. It enables enthusiasts to immerse in the governance and consensus of Proof of Stake (PoS) blockchains, earning rewards for their contributions. Contrary to energy-hungry Proof-of-Work systems, PoS networks lean on validators who pledge assets to corroborate and usher new blocks. However, the staking landscape isn’t without its intricacies – validators often grapple with asset lock-ups during bonding periods, as well as enduring unbonding spells prior to rewards being unlocked.

    Olivier Roussy Newton, CEO of Valour, comments, “The 1Valour Ethereum Physical Staking ETP exemplifies Valour’s commitment to creating innovative and trustworthy investment vehicles. We understand the challenges and complexities of crypto investments. Our mission is to bridge the gap, providing opportunities to enhance returns which are straightforward for our investors. In addition, all ETPs issued under the VDSL umbrella are endowed with the physical delivery option that might benefit investors based in Germany with a tax benefit after a holding period of one year.”

    Partnering with elite entities like the VQF registered Copper Markets (Switzerland) AG for custody and industry stalwart Blockdaemon for staking services, Valour guarantees paramount security, ensuring a consistently collateralized, non-custodial staking environment.

    Valour Inc. invites progressive investors to partake in this revolutionary venture, unlocking Ethereum’s potential in the most accessible and safeguarded manner.

    In addition to their novel digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP and Valour Digital Asset Basket 10, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Bitcoin Carbon Neutral (BTCN) and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.

    Fintech News – The Latest News in Financial Technology.

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    BingX extends partnership with CertiK https://fintecbuzz.com/bingx-extends-partnership-with-certik/ Thu, 17 Aug 2023 15:30:22 +0000 https://fintecbuzz.com/?p=48700 BingX, a leading global cryptocurrency exchange, is pleased to announce the renewal of its partnership with CertiK, a renowned blockchain security firm. The partnership aims to enhance the security and trustworthiness of the BingX platform, providing users with a safer and more reliable trading environment. As part of the renewed contract, CertiK will continue to provide BingX with the Security Score API, enabling the platform to access security scores generated by CertiK. This data will be displayed on...

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    BingX, a leading global cryptocurrency exchange, is pleased to announce the renewal of its partnership with CertiK, a renowned blockchain security firm. The partnership aims to enhance the security and trustworthiness of the BingX platform, providing users with a safer and more reliable trading environment.

    As part of the renewed contract, CertiK will continue to provide BingX with the Security Score API, enabling the platform to access security scores generated by CertiK. This data will be displayed on the BingX website to provide users with valuable insights into the security of various blockchains and Web3 projects.

    In return, BingX will integrate the Security Score API into its products, ensuring that users can easily access and view the security scores of listed projects. BingX will also prominently display CertiK’s branding, making it clear to users that CertiK is the trusted provider of security assessments. The platform will also feature CertiK’s icon next to audited projects, providing users with a direct link to the Audit Link for further verification.

    “We are excited to extend our partnership with CertiK and further strengthen the security of our platform,” said Elvisco Carrington, PR and Communications Director of BingX. “By providing our users with access to CertiK’s comprehensive security assessments, we are demonstrating our dedication to offering a safe and reliable trading experience. We look forward to continuing to work with CertiK to ensure the highest level of security and transparency for our users.”

    Both BingX and CertiK will collaborate on various marketing activities. This joint effort aims to raise awareness of the integration of CertiK’s Security Score API and Audit Link on the BingX platform, reinforcing BingX’s commitment to maintaining a secure and trustworthy trading ecosystem.

    Fintech News – The Latest News in Financial Technology.

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    Ledgible partners with DigiShares https://fintecbuzz.com/ledgible-partners-with-digishares/ Mon, 31 Jul 2023 16:30:23 +0000 https://fintecbuzz.com/?p=47987 Ledgible, the leading digital asset tax, accounting, and data platform for enterprises and institutions,  announced a partnership with DigiShares, a white-label platform enabling compliant issuance, investor management, and peer-to-peer trading of tokenized digital assets. DigiShares delivers subscriber investment, trade, and distribution data to the Ledgible platform, where economic and ownership activity is analyzed and normalized to enhance efficient CPA-led preparation of Forms 1065 and 1120, Schedule K-1 and other tax returns. With Ledgible, DigiShares issuers,...

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    Ledgible, the leading digital asset tax, accounting, and data platform for enterprises and institutions,  announced a partnership with DigiShares, a white-label platform enabling compliant issuance, investor management, and peer-to-peer trading of tokenized digital assets. DigiShares delivers subscriber investment, trade, and distribution data to the Ledgible platform, where economic and ownership activity is analyzed and normalized to enhance efficient CPA-led preparation of Forms 1065 and 1120, Schedule K-1 and other tax returns. With Ledgible, DigiShares issuers, investors, and their accountants realize increased accuracy and efficiency in their tax preparation processes.

    “With the growing adoption of crypto and tokenized assets, tax gain and loss accuracy and efficiency in this new, complex environment is critical for each participant in the tokenized asset ecosystem” said Kell Canty, CEO of Ledgible. “Ledgible is excited to work with Digishares in the evolving tax compliance space.”

    The Ledgible Digital Asset Tax and Accounting Platform for tax and accounting professionals, enterprises, and institutions supports integrations across major blockchains, cryptocurrency exchanges, wallets, and professional accounting tools. As the bridge between crypto assets and traditional financial accounting, Ledgible determines digital asset tax liabilities and delivers that data to existing and novel TradFi accounting tools. The platform makes digital asset data, Ledgible, across the entire crypto vertical, for institutions, enterprises, and large accounting firms.

    Claus Skaaning, Co-founder and CEO of DigiShares, shared, “We are extremely positive about our partnership with Ledgible. This collaboration opens new possibilities for our clients in managing digital assets, enabling them to stay compliant and confident in their tax and accounting practices.”

    DigiShares is a digital asset gateway that helps companies harness the power of blockchain technology by expanding access to real-world asset investments via blockchain technology. Through an open ecosystem, DigiShares collaborates on payments, KYC, e-signing, legal, investor management, and trading via smart contracts like real estate.

    Fintech News – The Latest News in Financial Technology.

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