Strike Launches Foreign Currency Support – Bitcoin Magazine

Today, Strike announced a global initiative to bring its Lightning Network payments application worldwide.  After a successful U.S. launch in 2020 and the announcement of its payday solution last week, Strike is rolling out its services to 200-plus countries. Through a partnership with Bittrex, Strike will onboard the exchange’s more than one million customers across the globe. Strike will first add support for the euro, british pound, swiss franc, tether and USDC, with more currency pairs to follow.    On its face, this might look like another slick payments app, which…

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Quontic Launches Bitcoin Rewards Checking – Bitcoin Magazine

Quontic today announced that it is introducing bitcoin rewards checking, per a release shared with Bitcoin Magazine. According to the release, “Quontic is the first FDIC-insured financial institution in the U.S. to go live with a Bitcoin rewards debit card.” Customers can earn 1.5 percent in bitcoin on eligible debit card purchases, which must occur at the point of sale. “Quontic’s disruptive banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities,” according to the release.  Quontic’s entrance into Bitcoin with its bitcoin-back…

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Spain’s Second Largest Bank BBVA Launches Bitcoin Trading and Custody in Switzerland

BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody Services BBVA announced on Wednesday that it “has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets.” BBVA (Banco Bilbao Vizcaya Argentaria) is Spain’s second-largest bank after Banco Santander. The group was founded in 1857 and has…

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PowerPool launches ‘meta-governance token’ for Yearn ecosystem

PowerPool, a project exploring the utility of Ethereum-based governance tokens, has launched YETI — an index and “meta-governance” token for the Yearn.finance ecosystem. YETI was conceived by Messari’s Ryan Watkins, who published the proposal for a Yearn Finance ecosystem index token to PowerPool’s governance forums on Dec. 4. The Messari researcher noted that “despite development and community resources being merged” among the YFI ecosystem members, “governance among these protocols remains separate.” He wrote the index would offer investors “a passive vehicle for board exposure to the Yearn ecosystem,” while providing…

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RSK launches Powpeg, a trustless Bitcoin bridge architecture

Bitcoin sidechain RSK launched a new bridge protocol called Powpeg, which will facilitate a trustless connection between Bitcoin (BTC) and RSK’s wrapped version of it, called RBTC. The system marks the first time that a Bitcoin sidechain features a trustless peg where the funds allocated to the chain are not controlled by a group of well-defined entities, often called a federation. Powpeg achieves this by combining the security features of a Hardware Security Module, or HSM, with RSK’s consensus layer based on merge-mining with Bitcoin. Sergio Lerner, co-founder of RSK, explained the…

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LVL Launches Feeless Bitcoin Exchange – Bitcoin Magazine

This is a promoted article provided by LVL. Today, Bitcoin financial services provider LVL announced the launch of a feeless bitcoin exchange for users in North America. “LVL wants to be the biggest disruption to the Bitcoin exchange space in years,” per a LVL release on the announcement. “Every Bitcoin exchange uses the same model — transaction fees. Like stocks and banking, we believe the future of Bitcoin is free. If we’re right, it will be the biggest disruption in the exchange space.” Rather than charge trading fees to users,…

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Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace for the trading of shares and…

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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…

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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…

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BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

On Nov. 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called “TraceHarvest” — and one of the largest companies in the world, Bayer, is among its first users.  TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products starting from the source of seeds, all the way to defining the responsibilities of each party involved in the supply chain. The platform also provides users with information in real-time, ideally mitigating problems associated with manually tracking crops. TraceHarvest is open to all…

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