stablecoin

Coinbase Bootstraps USDC; Invests $1.1M in DeFi Products Uniswap and PoolTogether

Source Node: https://coinfomania.com/coinbase-invests-1-1m-usdc-uniswap-pooltogether/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-invests-1-1m-usdc-uniswap-pooltogether
Time Stamp: April 1, 2020 2:27 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

 Leading US-based cryptocurrency exchange and wallet provider, Coinbase has announced that it has made a direct investment up to the tune of $1.1 million in two different Decentralized Finance (DeFi) products – Uniswap and PoolTogether.  According to the official announcement today, the funding was made via the exchange’s stablecoin, USD Coin (USDC) and it is part of Coinbase efforts to increase the projects’ chances of competing against other existing financial products.  Uniswap The Uniswap platform is an automated market maker built on the Ethereum blockchain that is currently simplifying exchanges’

Vitalik Buterin: Ethereum is DeFi Chain as Much as Bitcoin is Digital Gold

Source Node: https://coinfomania.com/vitalik-ethereum-is-defi-chain/?utm_source=rss&utm_medium=rss&utm_campaign=vitalik-ethereum-is-defi-chain
Time Stamp: April 1, 2020 1:21 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Ethereum co-founder, Vitalik Buterin has recently asserted that aside from the numerous potential applications of Ethereum in various areas, its use as a cryptocurrency, for settlements, cannot be overlooked. This is coming after Ryan Sean Adams, the founder of Mythos Capital, shared how Bitcoin Maximalists are trolling him about how pointless Ethereum is. Got Maximalists trolling me about how pointless Ethereum is meanwhile I just sent a crypto backed stablecoin in a private transaction on the Ethereum mainnet peer-to-peer w/o a bank Keep trolling We’ll keep building the bankless future

Celo to Issue at Least $15.7 Mln in Community Grants During 2020

Source Node: https://cointelegraph.com/news/celo-to-issue-at-least-157-mln-in-community-grants-during-2020
Time Stamp: April 1, 2020 12:34 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. Cointelegraph spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they look for from grant applicants, and Celo’s plans for 2020.Celo provides grant funding to 16 startupsCazador states that the most important criteria applicants are assessed on is whether they “support Celo’s mission of building an open financial system that creates conditions

Tether CTO Praises Company’s Own Coin, Takes A Shot At Others

Source Node: https://insidebitcoins.com/news/tether-cto-praises-companys-own-coin-takes-a-shot-at-others/255950
Time Stamp: April 1, 2020 7:23 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Earlier this month, at the CryptoCompare Digital Asset Summit that was held in London, the CTO of Tether, Paolo Ardoino, gave a public statement about the future of DeFi. According to Arduino, the DeFi industry as a whole is facing a risk to its entire system, due to the fact that it only leverages the value from the cryptocurrency industry.Low-Brow TacticsIn a move that sounds suspiciously like an attempt to slander one of Tether’s rival stablecoins, the Dai, he talked about the volatility of the crypto industry as a whole.