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Figure Technologies releases fund services offerings on blockchain

 Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement.The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in fundraising and fund management. Services include capital raising, investor onboarding, know-your-customer, anti-money laundering and Bank Secrecy Act activities, digital subscriptions, capital calls, and transfer agents.Mike Cagney, co-founder and CEO...

DeFi platform bZX sees new $8M hack from one misplaced line of code

The Fulcrum DeFi protocol developed by bZX, which had recently relaunched after a series of hacks in February forced the team to regroup, was hacked once again to the tune of about $8 million.According to the incident disclosure by bZX, the culprit is one line of code placed at the wrong location in the contract for its “iTokens,” the token representing a user’s share in the pool of supplied assets — essentially a...

Elastic Finance makes its case in the DeFi discussion

The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert.During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its...

Tokenized whiskey fund buys first 1,000 barrels of Kentucky bourbon

A fund launched in March with the aim of tokenizing up to $20 million worth of whiskey has announced its first successful investment round and the purchase of its first tranche of Kentucky bourbon.Wave Financial Group announced Sept. 11 that its Kentucky Whiskey 2020 Digital Fund had bought an initial 1,000 barrels from the Wilderness Trails distillery.Investors are expected to benefit from the spirit’s price appreciation during the aging process of around five...

Adoraboos is free and that’s the best thing about it

Working for Cointelegraph, we are regularly contacted by PR agents giving us advance notice of their clients’ forthcoming announcements. Those which seem interesting tend to be followed up with some additional research into the subject, before a decision is made on whether to publish a story.It was following one such contact, bearing the legend, Distance Learning Gaming App Teaches Blockchain for All Ages, that I found myself in the unlikely position of downloading...

Blockchain-based app easing pandemic travel launched

A blockchain-based app aimed to make travel during the pandemic easier has been launched.The app, called ICC AOKpass, allows users to verify their COVID-19 status instantly. Dorjee Sun, CEO of blockchain firm Perlin, told CIR Magazine that ICC AOKpass "uses a common global standard that can be deployed and used anywhere in the world today. It can adapt to the rules of any given country and allows users to instantly verify their COVID-19...

US legislators introduce bill for in-depth study of blockchain in commerce

A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress.On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY) and Rep. Doris Matsui (D-CA) introduced a new bill to the House, which was subsequently referred to the Committee on Energy and Commerce. The bill proposes to direct the U.S. Secretary of Commerce, in...

OPEC to cover blockchain tech in second workshop on energy and IT

The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference.This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed.However, it is unlikely that the invited oil industry bigwigs will be discussing the energy consumption characteristics of cryptocurrency. The organization is more interested in streamlining aspects such as the supply chain,...

Bitrue, OKEx to offer both DeFi and CeFi options

Two exchanges will offer both decentralized and centralized financial options.Both Bitrue and OKEx separately announced plans to provide hybrid services that cater both to the DeFi market and more mainstream centralized finance products.OKEx CEO Jay Hao tweeted on August 30 that the exchange launched its hybrid lending aggregator. The DeFi and CeFi aggregator integrates Compound (COMP). Hao said OKEx is “here to redefine crypto lending experience.”The OKEx DeFi Lending Marketplace gathers major DeFi...

YFI price soars to $38.8K hitting $1B market cap — can it go higher?

Yearn.finance’s native token YFI has surged by more than 75% in the last 24-hours, achieving a new all-time high at $38,883 on Binance in its (USDT) pair. The strong upside move also brought the DeFi-token’s market capitalization above $1 billion. YFI/USDT 1-hour chart. Source: TradingView.comTraders are excited but is YFI overvalued? The general sentiment around YFI from Decentralized Finance (DeFi) enthusiasts remains seemingly positive. IDEOVC’s Ian Lee pinpointed yearn.finance’s developer Andre Cronje’s fast-paced product releases as a...
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