Torus Launches Key Management System to Streamline DeFi

Crypto key management platform, Torus, has launched its non-custodial key management solution DirectAuth — enabling streamlined log-in experiences for web3 applications. DirectAuth builds on top of the Torus Wallet, which facilitates one-click logins for decentralized applications, or dapps. The addition of DirectAuth allows persistent logged-in action, streamlining transactions and signing from within a single app. DirectAuth utilizes multi-party computation, or MPC, for distributed key generation. Users can also send ERC-20 and ERC-721 tokens to Google emails, Reddit usernames, or Discord IDs through Torus. Torus wants to streamline Web3 experiences Speaking…

Crypto Data Firm Launches Indicators to Fight Fake Asset Volumes and Market Caps

Cryptocurrency market data provider Nomics has launched indicators for crypto asset market capitalization and volume data aggregated from transparent exchanges. According to an announcement on May 28, the new indicators introduced by Nomics only include data from cryptocurrency exchanges with A+, A or A- transparency ratings. Nomics bases its transparency ratings largely on data contained in a report released in May 2019 by Bitwise Asset Management, according to which 95% of Bitcoin (BTC) trade volume was fake.  The exchange explains that transparent exchanges provide historical trade-level data, which the firm…

Brave Browser Launches Encrypted Video Calls Before Zoom

Brave, the privacy-centric cryptocurrency-powered web browser has launched in-browser video calls featuring end-to-end encryption. The encrypted video service, dubbed ‘Brave Together’ can be used to make unlimited encrypted video calls featuring two participants. All Brave users can access the feature, with no account sign-ups needed. Brave revealed that video conferencing supporting more than two participants is currently being tested on Brave Nightly — the development version of the browser. Brave Together is based on the open-source encrypted video software Jitsi — which was vouched for by NSA whistleblower Edward Snowden…

Google Cloud Gets Involved With Theta Network as Its 2.0 Mainnet Launches

Theta has brought Google Cloud on board as a node operator and cloud service provider. Key Takeaways Google Cloud will support Theta Network’s streaming video service as an infrastructure provider. Theta aims to improve content delivery through its peer-to-peer streaming platform. Share this article Theta Network, a blockchain-based media platform, has announced that Google Cloud will serve as a node operator and cloud provider. The news coincides with Theta’s 2.0 mainnet launch. Google Cloud’s Contributions Google Cloud will run an enterprise validator node for Theta, meaning that it will validate…

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system. In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk management.” This largely comes as a response to the many hacks and protocol failures that occurred in recent months, like the temporary theft of $25 million from the dForce protocol. Deeter believes that DeFi should adopt some of the…

Ren Protocol Launches, Bringing Non-Custodial Bitcoin to Ethereum

The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article A week after its competitor tBTC faltered, Ren Protocol’s much-awaited mainnet on Ethereum is finally live. The protocol brings Bitcoin and other cryptocurrencies to Ethereum in a non-custodial manner. Ren Protocol’s Much Awaited Launch DeFi’s primary obstacle has been its inability to interact with other public blockchain assets. With the launch of RenVM (Ren Virtual Machine), this is all set to change. Focused on cross-chain interoperability, Ren Protocol allows users to tokenize Bitcoin,…

BitGo Launches Full-Service Institutional Trading Platform, BitGo Prime

BitGo, a United States-based firm that handles about 20% of all Bitcoin (BTC) transactions, is introducing BitGo Prime, a new entity specifically for institutional trading services. On May 27, BitGo said that the new prime broker platform will incorporate multiple services targeting institutional investors. After launching an institutional-level crypto lending service in March 2020, the new full-service platform integrates institutional crypto lending, trading and custody services. BitGo focuses on institutional investors Apart from the recent launch of institutional crypto lending services, BitGo has been actively working with institutional traders. Nick…

As Theta Mainnet 2.0 Launches, What’s Behind its Massive Rally?

Crypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks. All told, the Theta Token, is up nearly 1,300% since the ‘Black Thursday’ crash of mid-March. In addition to its forthcoming technical upgrades, Theta’s rally appears to have also been fuelled by a series of partnerships with major media platforms, including Android TV and Samsung. Theta is a crypto-powered 24/7 streaming service showcasing live Esports, World Poker Tour tournaments, and major blockchain and cryptocurrency conferences including Consensus and the…

EMusic Launches Token to Help Artists Earn More

Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The eMU crypto asset is a payment method designed to allow artists on the platform to keep more of the royalties they earn. The firm’s president Tamir Koch said streaming had not worked out well for artists: “Streaming has dramatically increased revenues and adoption, but the model has proven itself…