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Month: February 2023

Affine Protocol Raises $5.1M to Develop DeFi Yield Offering

Affine Protocol Raises $5.1M to Develop DeFi Yield Offering

• Affine Protocol has raised $5.1M from Jump Crypto and Hack VC • The Ethereum and Polygon-based protocol gives users access to DeFi yield offerings • Its aim is to address challenges around impairment loss in liquidity providing Affine Protocol Raises $5.1M Decentralized protocol Affine has raised $5.1 million in a seed funding round led by Jump Crypto and Hack VC and including contributions from Circle Ventures and Coinbase Ventures. Affine’s Aim Ethereum and Polygon-based Affine gives users access to…

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Hong Kong Successfully Launches $100M Tokenized Green Bond

Hong Kong Successfully Launches $100M Tokenized Green Bond

• Hong Kong’s government issued its first tokenized green bond of 800 million Hong Kong dollars (US$101 million). • This bond was offered by the government under its Green Bond Program and is the first green bond to be issued by a government globally. • The 365-day bond at 4.05% yield was offered in collaboration with Bank of China (Hong Kong), Crédit Agricole CIB, HSBC and Goldman Sachs as the platform provider. Hong Kong Successfully Offers Inaugural $100M Tokenized Green…

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Crypto Derivative Volumes Soar as Prices Surge in January

Crypto Derivative Volumes Soar as Prices Surge in January

Crypto Derivative Volumes Jumped in January • Crypto derivative volumes grew 76.1% from December to $2.04 trillion in January, representing 70.3% of the entire crypto market • Bitcoin and Ether saw sizable gains of 40% and 32%, respectively, suggesting speculation rather than accumulation • Binance was the largest derivatives exchange in January with $1.26 trillion, followed by Bybit with a 115% increase to $301 billion Crypto Market Activity Grew Quickly in January January saw a surge in trading activity across…

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Ripple Sees Strong Growth in On-Demand Liquidity Product, Sold $226M XRP in Q4

Ripple Sees Strong Growth in On-Demand Liquidity Product, Sold $226M XRP in Q4

• Ripple sold $226 million worth of XRP tokens in the fourth quarter. • The payments processor reported transactions of over 106 million on XRP Ledger and the creation of 228,000 new and unique user wallets. • Ripple said its popular On-Demand Liquidity product saw strong growth in the last quarter after experiencing its strongest year. Ripple Sold $226M of XRP in Q4 Ripple sold $226 million worth of XRP tokens, net of purchases, in the fourth quarter, according to…

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ImmutableX Launches All-In-One Passport to Onboard New Web3 Gamers

ImmutableX Launches All-In-One Passport to Onboard New Web3 Gamers

• Ethereum scaling system ImmutableX will launch the Immutable Passport, a non-custodial wallet, gamer profile and authentication solution for Web3 gamers. • The tool is designed to help gaming studios onboard new gamers into Web3 with ease of onboarding, security and plug and play features. • The blockchain-based gaming sector has seen significant development and investment in recent months. Table of Contents I. Introduction II. Immutable Passport Overview A. Features of the Non-Custodial Wallet B. Benefits for Game Developers III….

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