DeFi Lending Protocol AAVE Launches Massive Upgrade

Key Takeaways AAVE begin its journey in 2017 under a different name, ETHLend. Since launching its mainnet, the DeFi protocol has become a mainstay in the crypto community. The protocol has now rolled out its herculean upgrade which includes three new key features. Share this article AAVE, the popular DeFi lending protocol, has released version two of its protocol. The upgrade brings many changes, from improving features like flash loans and credit delegation to adding new features such as collateral swap and batching flash loans. AAVE Is Now Cheaper, Easier to…

Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom

Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi. Oracle network Chainlink is among the alliance’s founding members. The company’s global head of business development, Dan Kochis, said: “Chainlink is excited to help steer the direction of Polkadot’s growing ecosystem of decentralized financial applications. By promoting developer best practices for…

Binance Launches Ethereum 2.0 Staking Rewards Today

Binance users will participate in ETH 2.0 block creation, staking funds to help validate transactions on the new network, and receive rewards in return. The ETH 2.0 update will take years to implement fully, and major exchanges offering staking services are important in its adoption. Under ETH 2.0, the Ethereum network will use Proof of Stake (PoS) to secure the network and validate transactions. ETH 2.0 staking requires 32 ETH to generate income, but Binance Staking will allow users to stake smaller amounts and earn funds by staking on-chain. ETH…

Huobi launches regulated crypto exchange in Malaysia

Huobi Global, Huobi Group’s flagship crypto exchange headquartered in Singapore, may have had a rocky fall in 2020 — at least, as circulating FUD and the rumors go. Today, Nov. 27,  the brand has better news to announce, with the launch of another, independent platform licensed to use the Huobi name.  Targeted at the Malaysian market, the new Huobi Labuan is launching trading services shortly after having secured a digital asset trading brokerage service license from Malaysian authorities in Sept. 2020. For an initial nine-month trial period, the new platform will…

Crypto derivatives exchange Bybit launches quarterly Bitcoin futures

Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which is settled on March 26, 2021. Bybit says the new futures contracts have no funding fee, which means traders can hold the position without charge as long as the contracts are still in effect. Like traditional futures contracts, Bitcoin futures allow traders to buy and sell the digital currency at a predetermined price at a specific future…

RSK-based DeFi protocol launches innovative decentralized exchange concept

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book with a unique twist. Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain. Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit…

VanEck launches physically-backed Bitcoin ETN on Deutsche Börse Xetra

After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, approved by the United States Securities and Exchange Commission, investment management fund VanEck has finally launched a Bitcoin-backed exchange-traded product. However, according to a Nov. 25 tweet from the company’s digital asset strategist Gabor Gurbacs, the product is an exchange-traded note rather than an ETF, and is listed not on a U.S. exchange, but Germany’s Deutsche Börse Xetra. Rather than being a mutual fund, an ETN is essentially a debt instrument tracking a sometimes hard-to-access market,…

VanEck Europe Launches ETF-Like Bitcoin Product

Share this article As Bitcoin attracts more and more institutions, financial products that make it accessible to the traditional market emerge. The latest addition is an exchange-traded note (ETN) from VanEck Europe. 1) Today @vaneck_eu launched a #Bitcoin #ETN. The ETN is physically-backed by Bitcoin and listed on Deutsche Böerse Xetra. Launching a Bitcoin ETP was a top priority for VanEck. We succeeded! VanEck hopes to serve many in Europe and Asia! Resource page: https://t.co/oRpVOQyby2 pic.twitter.com/xnCnTWqMrG — Gabor Gurbacs (@gaborgurbacs) November 25, 2020 VanEck Launches Bitcoin ETN ETNs are similar…

Bison Trails launches QT protocol to help developers build on Libra

Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra QT offers a bridge between Libra’s pre-mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain. According to a Nov. 25 announcement from Bison Trails, which provides blockchain services and infrastructure to crypto companies, “Libra QT offers fully-managed, dedicated, and highly resilient Libra read/write nodes and supporting systems without the hassle and expense…

Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi

Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Nov. 23, promoting its use in decentralized finance applications including Compound, Maker, and Uniswap. Filecoin ecosystem lead, Colin Evra, stated: “Wrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage users.” The news came on the same day that Filecoin announced the storage capacity dedicated by its global mining community has exceeded…