Huobi crypto exchange launches trading app in Russia

Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Sept. 23. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph. Ciara Sun, vice president of global markets at…

Sia’s Parent Company Raises $3 Million and Launches Rebrand

Key Takeaways Nebulous, the company that develops Sia, has rebranded and shifted its focus to Skynet. Skynet is the company’s decentralized web hosting platform. The company has raised $3 million for future development. Share this article Nebulous, the parent company behind Sia, has rebranded under the name Skynet Labs and raised $3 million for future development. Sia’s $3 Million Funding Round Skynet’s $3 million funding round was led by Paradigm, along with Bain Capital Ventures, Bessemer Venture Partners, A.Capital, Collaborative Fund, Dragonfly Capital Partners, Hack VC, INBlockchain, First Star Ventures.…

RockX launches $20 million investment program for the Polkadot ecosystem

Digital asset development company RockX has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. The funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support from the team’s developers. In return, the firm will receive tokens or equity from supported projects. RockX, which currently runs a node for Polkadot, Cosmos, Solana, Oasis, and Terra, was co-founded by Alex Lam, who also runs Asia based Bitcoin (BTC) mining facilities RockMiner. CEO Lam said…

DeFi’s Obsession With “Fair Launches” Is The Death of Innovation

Key Takeaways SushiSwap popularized fair launches, causing forks of nearly every significant DeFi protocol to emerge. Fair launches are a flawed concept and can severely erode development incentives in DeFi and crypto. Putting in a few weeks of work on a fork versus years of effort into building something new has a lopsided reward and risk. If DeFi investors pursue short-term opportunities and ignore long-term value accretion, the space could find itself in serious trouble. Share this article Fair launches are now the hottest trend in DeFi, but poorly aligned…

Phemex Exchange Meets DeFi Bulls, Launches Perpetual Contracts for YFI and LEND

Share this article Cryptocurrency and derivatives exchange Phemex has listed seven new perpetual contract trading pairs: ADA/USD, ALGO/USD, COMP/USD, DOT/USD, LEND/USD, YFI/USD, BCH/USD.  Each pair is a linear contract quoted and settled in USD that can be traded with up 20x leverage. Six of these coins are exciting DeFi projects carefully selected by the Phemex team. These will allow Phemex users to participate in the increasingly dominant DeFi space. As with all of its perpetual contracts, the exchange charges market takers a 0.075% fee, while market makers receive a 0.025%…

Pomp launches new venture fund, says ‘You’ll never regret betting on yourself’

Anthony Pompliano, co-founder of Morgan Creek Digital, announced the launch of a new fund based around his own person and brand. “Today I am announcing a new rolling fund that will be backed by a group of successful investors across Silicon Valley and Wall Street,” Pompliano said in a Sept. 11 blog post announcement. “This rolling fund structure gives me ultimate flexibility, which I believe will lead to a significant advantage when investing in early stage technology companies.” Pompliano plans to open a solo general partner, or GP, fund as a…

Square launches cryptocurrency patent alliance to fight the trolls

Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access to technology in the crypto sector. The ‘Cryptocurrency Open Patent Alliance’ (COPA) seeks to democratize access to innovative technologies in the crypto sector, asserting that “open access to patents covering foundational cryptocurrency technologies is necessary for the community to grow, freely innovate, and build new and better products.” Square is putting all of our crypto patents into a new non-profit org we’re calling the Crypto Open Patent…

Tokenized real estate marketplace launches with $237M in assets

Despite receiving hype as a potential killer-app for blockchain, tokenized real estate has in many ways failed to live up to its early promise. However, fintech startup Reinno has just launched an investment platform for tokenized United States commercial real estate, covering $237 million worth of property at launch. Accredited investors globally can now participate in several different offerings, including both individual assets and diversified property portfolios. All of the properties are income-producing, and including medical facilities, residential blocks and industrial buildings. The new platform will allow investors to enter…

Mastercard launches virtual testing environment for central bank currencies

Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC. Over 70% of central banks are entertaining the idea of a digital currency in some form, a Bank of International Settlements report noted. While few have moved into actual concept and experimentation, the tool released by Mastercard aims to make testing simpler. The tool simulates various types of transaction environments to let central banks evaluate CBDC use cases. It mimics the issuance, distribution and exchange…

LedgerX exchange launches physically settled Bitcoin mini futures

LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC. XBT/USD daily chart. Source: TradingView.com How physical delivery may impact Bitcoin price? When Bakkt first launched with the backing of its NYSE parent company ICE, it received significant hype. Most of the interest around the platform surrounded its physical delivery of BTC, meaning, if institutions desired, they could actually hold BTC via…