Huobi Perpetual Swaps Joins DeFi Yield Farming Campaign with $200,000 Reward 13284

To celebrate the seventh anniversary of Huobi, Huobi Futures has launched a DeFi Yield Farming campaign with $200,000 reward to premium users on September 21.  The campaign starts at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1.

Huobi perpetual swaps supports the following DeFi assets UNI, LINK, YFII, SUSHI, DOT, YFI and ADA for this campaign. Except for ADA and DOT, the remaining five are all DeFi tokens. So far, Huobi has 61 widely-accepted tokens in its swaps suite including 28 DeFi tokens, becoming the crypto platform that offers the most coin-margined swaps globally.

Campaign Rules: Whilst the daily cumulative Maker amount exceeds $1,000 on the designated assets – UNI, LINK, YFII, SUSHI, DOT, YFI and ADA, the prize pool will be divided according to the portion of the users’ cumulative Maker amount. It means the larger the Maker amount is, the more reward the user will receive.

1. The yield farming campaign will start at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1;

2. Sub-accounts cannot participate in the campaign as independent accounts; sub-account transactions will be merged into their main accounts; Huobi App will not display yield farming rewards of sub-accounts.

3. Users can check their rewards at Huobi APP.

4. Rewards will be allocated in equivalent value of tokens. The number of tokens issued will be calculated based on the closing price of the day; Yield farming rewards below 1USD will not be issued.

5. Reward will be calculated to 6 decimal places for YFI, 5 decimal places for YFII, 2 decimal places for DOT, LINK, SUSHI, UNI and ADA. The exceedances will be truncated.

6. Rewards will be allocated to the user’s perpetual swaps account in the following day.  Pay attention to the SMS and Email notifications.

7. The final interpretation right of this campaign belongs to Huobi Futures.

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Ripio Partners with Circle to Accelerate USDC Stablecoin Adoption Across Latin America 5133

Ripio, a leading crypto company in Latin America, and Circle, a global financial technology firm, today announced that Ripio will leverage Circle’s platform services to support USD Coin (USDC) liquidity and fund flows across its exchange and wallet products. Ripio also unveiled “Ripio Earn,” a USDC yield account that provides a six percent annual interest rate return, available today to Ripio’s more than 500,000 users in Argentina and Brazil.

Global demand for stablecoins has surged over the past six months with USDC growing by nearly 500% year-to-date from just over $400 million in circulation at the beginning of the year to a market cap of more than $2.8 billion today. One of the key drivers has been dollarization. As many currencies continue to strain under macro conditions and show increased volatility, businesses and institutions are pursuing strategies to access US dollars. USDC has emerged as one of the most efficient and effective vehicles in the flight to safety.

One of the regions experiencing the most significant growth in stablecoin demand is South America, where the urging for US Dollars as a store of value -amidst high inflation and devaluation rates, plus fierce capital controls in the case of Argentina- has ballooned over the last couple of years. At Ripio, stablecoin transactions during Q2 2020 increased over 800% compared to the previous quarter.

To service increasing demand for USDC across the region, Ripio is working with Circle in order to implement Circle’s transactional services, business accounts, and platform APIs to support the conversion of local currencies into and out of USDC, manage liquidity and custody funds, and automate associated treasury operations across Ripio’s exchange and wallet products.

Ripio’s newest wallet feature, Ripio Earn, works exclusively with USDC and is available today to customers throughout Argentina and Brazil. The minimum amount to access Ripio Earn is 50 USDC while the maximum placement amount will be 5,000 USDC. The initial interest rate for Ripio’s yield-generating product is 6% annually.

“From crypto traders and investors to freelance workers and small business owners, the rush to stable assets is growing rapidly, and Ripio continues to be at the forefront of this trend with product and services that make the acquisition and usage of ‘crypto dollars’ fast, efficient and low cost,” said Sebastian Serrano, Ripio co-founder & CEO. “The addition of Ripio Earn for our customers in Argentina and Brazil is an enormous leap forward for those who want to participate in the DeFi economy and generate additional income from our interest-bearing accounts. We are very happy to have a partner like Circle with a powerful and flexible stablecoin platform that keeps pace with our rapidly evolving product suite, and shares our vision for a more fair and inclusive financial system.”

“Ripio is a fintech pioneer that continues to be in the vanguard of not only the crypto industry, but also the broader consumer and B2B finance sectors in Latin America,” said Circle co-founder & CEO, Jeremy Allaire. “We are excited to see Ripio take advantage of our platform services to accelerate the adoption of digital dollars and introduce innovative new products like Ripio Earn. From investors to gig-economy workers, the broad availability of digital dollars championed by Ripio promises to increase access to new economic opportunities for many more people than previously possible.”

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully-reserved stablecoin. USDC now stands at a $2.8 billion market cap and is adding nearly $300 million net new digital dollars in circulation every week. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com

About Ripio
Founded in 2013, Ripio offers Blockchain-based products to different segments of the Latin American population, including a digital wallet, crypto brokerage and corporate services for institutional investors. The company is also one of the first crypto companies in the region with a solid compliance department, KYC / AML and transaction monitoring procedures. Ripio aims to democratize access to the new digital economy in emerging markets. Learn more at https://www.ripio.com

Bitcoin Association to partner with Saxion University on Bitcoin SV massive open online courses 6210

Bitcoin Association, the global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has entered into a partnership with Saxion University of Applied Sciences to produce a Bitcoin SV-focused massive open online course (MOOC) This will be the first of an anticipated series of four MOOCs designed to educate about the immense power of Bitcoin’s protocol and how to build applications on the Bitcoin SV blockchain.

The MOOCs, including all assessments, will be offered free of charge, with the first course expected set to be launched in early-2021. The MOOCs will follow a progressive curriculum, beginning first with a Bitcoin Basic Course for decision makers, before moving into further, more technically advanced Bitcoin development courses. While offered by Saxion University, the courses will be available to anyone, from anywhere in the world, on demand at any time. At the end of each online course, participants will be able to take an assessment test to demonstrate their proficiency.

Saxion University has been a leader in the development of blockchain education and research programmes in the Netherlands. In 2019, Saxion established the country’s first blockchain professorship, appointing Dr. Jan Veuger as Professor of Blockchain at Saxion University of Applied Sciences and the leading professor of the newly founded Saxion Blockchain Institute.

The partnership with Saxion University is the latest in a series of Bitcoin SV education initiatives to be announced by Bitcoin Association. Last year, the Association announced its sponsorship of the Cambridge University Metanet Society, which is focused on educating students about Bitcoin SV’s ability to power a new Internet. This year, the Association announced partnerships with two online software development communities – CSDN, the largest IT and software development community in China, with 31 million users; and WeAreDevelopers, a major European development community. In 2020, Bitcoin Association has hosted a pair of Bitcoin SV DevCons – two-day virtual developer conferences, each attracting thousands of participants– to complement a growing online repository of developer resources and programming, including a new Bitcoin SV Wiki to correct misconceptions about Bitcoin.

Bitcoin Association also offers developers the opportunity to put their skills into practice with Bitcoin SV Hackathons, multi-day coding competitions for major cash prizes. The final of the 3rd Hackathon is set to be contested at CoinGeek Live September 30 – October 2 with USD $100K in BSV at stake.

SpaceChain Partners Elecnor DEIMOS to Develop Blockchain-enabled Credit Management and Payment Service for the European Space Agency-funded ECOMI Project 7571

SpaceChain UK Limited (SpaceChain) today announced a partnership with DEIMOS to collaborate under the project ECOMI – E-COMmerce platform for MIcro-geoservices. The aim of the project is to develop an e-commerce platform, store4EO, with blockchain-enabled credit management and payment services. Elecnor DEIMOS is a leader in providing systems engineering, ground segment, mission analysis, satellite integration, satellite navigation, Earth observation (EO), space situational awareness, and launchers. Through this partnership, SpaceChain will develop the underlying blockchain network that supports decentralised and transparent service purchase and distribution.

Funded by the European Space Agency (ESA), the ECOMI project is led by Elecnor DEIMOS to provide EO services to consumers in Europe and ESA partner countries. It also seeks to democratise access to EO services while ensuring secure and transparent credit management. The introduction of blockchain to the space-based e-commerce platform decentralises the distribution of services to consumers and facilitates transactions in a frictionless and transparent manner.

The store4EO e-commerce platform’s goal is to facilitate the delivery of innovative EO services to various industries, the public sector and the general public easily, and securely reinforcing that the utilisation of EO services will become the new norm.

“Our partnership with Elecnor DEIMOS is an important milestone as we collectively uncover new possibilities with e-commerce and enable the commercialisation of EO services,” said Nick Trudgen, Chief Commercial Officer and UK Director of SpaceChain. “Elecnor DEIMOS’ industry-leading engineering solution and knowledge of space, combined with SpaceChain’s expertise in decentralised infrastructure with blockchain provides an unmatched synergy for a reliable solution and unparalleled customer experience.”

EO services coupled with blockchain technology are expected to enrich the industry as more business use cases continue to increase. Redefining the way EO services are distributed is one of the driving forces behind the integration of blockchain in the project while enhancing data processing in the digital and physical supply chains of tomorrow.

“We are redefining how EO services are reaching out to consumers, and are thrilled to team with SpaceChain, given its innovation in integrating blockchain with space technologies,” said Koushik Panda, service strategy manager of ECOMI Project. “Through our shared vision to build a platform economy for EO, we are now one step closer to delivering sophisticated EO services and data to the wider public. Our ultimate goal is to create a more efficient market for EO, and in the long run, enable EO services to address industry issues that were once impossible to surmount.”

White Star Capital Announces the First Close of its $30M Digital Asset Fund 7751

White Star Capital, a global multi-stage technology venture capital investment platform, today announced the first close of its new $30M Digital Asset Fund. The new fund will invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications. The Digital Asset Fund will deploy between $500,000 and $2.0 million in initial investments into 15-20 companies with a core focus in Europe and North America. The team will take a research-driven approach to maximize returns through early access in both equity and tokens. To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts with an aspiration to bridge the gap between Decentralized and Legacy Finance.

The Digital Asset Fund marks White Star Capital’s first specialty fund and will be run by New York based General Partner Sep Alavi and supported by Principals Thomas Klocanas in New York and Sanjay Zimmerman in Toronto. The fund will also benefit from White Star Capital’s extended team in London and Paris, as well as a network of venture partners in Tokyo, Hong Kong, San Francisco and Switzerland.

As an early-stage investor since 2013, Sep has been investing in crypto assets and involved with blockchain companies for the past five years. Previous to joining White Star Capital, he spent 12 years working in capital markets in Paris, Chicago and New York City. Thomas, started his career as a research analyst in the fintech and financial sector at Barclays in London before spending two years at Consensys in New York and consulting for various blockchain projects such as Coinhouse and Blockstack. He joined White Star Capital eighteen months ago. Sanjay joined White Star Capital in Montreal in 2017 and was recently promoted to Principal after completing his MBA at INSEAD in Singapore, Philadelphia and Fontainebleau.

“Digital Assets are gaining adoption, and venture valuations and token round distributions have rationalized, which is an attractive entry point,” said Sep Alavi. “Incumbents are rapidly entering the space and embracing the next wave of innovation. At WSC Digital Asset, we are looking to partner with the next generation of startups building global networks and frictionless business models. We are actively interested in investing in crypto protocols, infrastructure and middleware, privacy, financial, gaming, and social use cases”

While regulation continues to evolve pragmatically and positively around the sector, enterprise and institutional giants like Fidelity, JP Morgan, Facebook, Walmart and Square are embracing blockchain technology at an accelerating pace and this is just the beginning. According to a report by Andreesen Horowitz, startup and developer activity in the space have been growing 53.9% and 74.4% CAGR since 2010.

“White Star Capital’s international footprint and network, as well as our team’s blockchain expertise position us well to make an impact in the digital asset sector,” said Eric Martineau-Fortin, Founder and Managing Partner of White Star Capital. “Our platform and network will give us access to exceptional deal flow from various companies across blockchain use cases.”

TADS Awards – The World’s First Annual International Awards for Tokenized Assets & Digitized Securities Launched in Hong Kong 9038

TADS Awards (which stands for “Tokenized Assets & Digitized Securities Awards”) is the world’s first annual international award for the asset tokenization and digital securities sectors. It celebrates these industries by recognizing and honoring significant contributions and distinguished achievements worldwide. Hosted annually, TADS Awards gathers together individuals and businesses to share the energy that tokenization brings to the financial markets around the world — https://tadsawards.org/.

The World Economic Forum forecasts that by 2027, 10% of the world’s GDP will be tokenized — with an estimated market capitalization of US$24 trillion. TADS Awards nurtures the growth of TADS industries by jointly establishing “best practices” and setting “measuring standards” for high-quality tokenized assets and digitized securities through close collaboration with other industry leaders on the global market.

“TADS Awards creates important recognition for best of breed ideas and solutions in emerging technologies like Blockchain and Digital Assets. Such a platform not only aids in creating awareness, but also fosters a healthy competitive spirit that is vital for progress and growth of the industry imperatives,” said Nitin Gaur, Director of IBM Financial Sciences and Digital Assets at IBM.

“Tokenization is a futuristic business model, providing a platform for key information exchange, empowering sustainable growth and operational efficiency through digitized and FinTech based incentives,” commented Peter Koo, APAC leader of IT & Specialized Assurance, Deloitte Touche Tohmatsu.

Martin Sabine, Chairman of Somerley Capital said, “The TADS Awards recognizes pacesetters in a breakthrough area of activity which Somerley believes has the potential to disrupt and enhance the provision of financial services.”

“Asset tokenization is not the future, but the present. It is happening in front of our eyes. As our industry emerges as a whole, it is important to recognize outstanding projects and the pioneers behind them, who are paving the way for a more accessible, efficient and transparent financial future,” reflected Emi Lorincz, Board Member of the Crypto Valley Association.

“As the digital technology flagship of Hong Kong and home to the largest FinTech community with over 360 FinTech companies, we are committed to strengthening Hong Kong’s international finance center position under the digital economy era,” said Peter Yan, Chief Executive Office of Hong Kong Cyberport. He further added, “TADS Awards is a strong impetus in recognizing innovative and impactful solutions in the digital asset area. We look forward to seeing winning solutions under TADS Awards being brought to a new stage of development.”

“Asset tokenization is reinventing capital markets. Digitization of securities can facilitate cross border investment and allow investors to access valuable and unique investment opportunities worldwide. Enterprises are able to access global liquidity at a fractional cost, as  compared to the conventional financial market,” said Mr. Chan Heng Fai, Executive Chairman of American Pacific Bank.

Core Scientific Named Bitmain’s Cooperative Repair Center in North America 13622

Core Scientific, the largest digital asset mining operation in North America, announced it has partnered with Bitmaintech Pte. Ltd (“Bitmain”), the industry-leading cryptocurrency mining equipment manufacturer, to become Bitmain’s cooperative repair center in North America. This partnership means that Core Scientific, led by the former COO of Microsoft, Kevin Turner, is the only cooperative North American repair center servicing and repairing Bitmain’s machines using original parts, materially reducing the downtime typically involved with sending machines to China for repair.

Over the past year, the digital asset mining industry in the United States has witnessed an uptick in activity with bitcoin hash rate increasing by 78% between September 2019 and April 2020, placing the U.S. just behind mining leader, China. As more mining equipment from Asia is imported to respond to rising institutional demand, miners require closer access to trained experts who can promptly diagnose problems and repair equipment with original parts to maintain competitive hashrates. Having a dedicated repair center within close proximity to miners will allow North American miners to remain hashrate competitive and profitable.

“Having a repair center close to miners in the United States is key to improving efficiency when it comes to repairing mining rigs,” said Kevin Turner, CEO of Core Scientific. “By eliminating the substantial economic and opportunity costs associated with sending equipment back to Asia to be fixed, we can help Bitmain – and the mining industry as a whole – continue to grow. Our skilled in-house engineering team is primed and ready, and will now have access to original replacement components to ensure units stay in warranty.”

As Bitmain’s cooperative repair center, Core Scientific will be able to perform repairs for any customer whose Antminer warranties have expired. Repairs will be completed by engineers who have attained Bitmain’s Ant Training Academy certification.

“Mining rigs run continuously all day, every day. It is inevitable that machines will require maintenance and repairs will need to be performed,” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain. “By opening a cooperative repair center stateside with a trusted partner, Core Scientific is helping Bitmain serve our customers and vice versa. We have enjoyed working together over the past three years and this latest partnership serves to support that.”

This announcement marks another important step in the relationship between Core Scientific and Bitmain. Most recently, Core Scientific expanded its inventory of machines by facilitating a record purchase of nearly 18,000 units of Bitmain bitcoin mining machines. Earlier this year, Core Scientific also launched the first Ant Training Academy outside of China which allows more North America-based participants to access Bitmain’s digital miner maintenance training and accreditation service.