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ICICI Bank Unveils Digital & Contactless Banking Platform For Merchants “Merchant Stack”

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India-based banking group ICICI Bank announced on Thursday the launch of its digital and contactless banking platform for merchants, Merchant Stack. According to ICICI Bank, Merchant Stack provides a bouquet of banking solutions and value-added services in ‘one single place for the retailer eco-system. The main pillars of the stack are:

  • A new account named, Super Merchant Current Account
  • Two instant credit facilities called ‘Merchant Overdraft’ and ‘Express Credit ; both are’ based on POS transactions
  • Digital Store Management facility to help merchants take their business online
  • Exclusive loyalty rewards program
  • Services like alliances with major e-commerce and digital marketing platforms for expansion of online presence

While sharing more details about the launch, Anup Bagchi, Managing Director  and CEO of ICICI Bank, stated:

“We believe that the ‘Merchant Stack’ offers the most holistic array of banking and value-added banking services for the retail merchant ecosystem. Our research shows that this segment requires digital and instant account opening, multiple digital collection options in one place and quick working capital availability, among others. Armed with these insights, we have created a full-stack that brings in a host of digital services specially curated for merchants.”

The launch of Merchant Stack comes less than two months after ICICI Bank announced as many as one million customers of other banks have started using its banking app, iMobile Pay. ICICI reported to start using iMobile Pay, customers of any bank may link their bank account with the app, generate a UPI ID, and start paying to any UPI ID or merchants, pay bills, do online recharges, and transfer money to any bank account, payment app, and digital wallet.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/04/174748-icici-bank-unveils-digital-contactless-banking-platform-for-merchants-merchant-stack/

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Uniswap Version 3.0 Now Successfully Deployed on Ethereum (ETH) Mainnet

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The team at Uniswap, a leading non-custodial Ethereum token exchange, revealed on May 5, 2021, that Uniswap version 3.0 has now been launched on the Ethereum (ETH) mainnet. All “relevant contract addresses” are found here.

As mentioned in an update from the Uniswap developers:

“Uniswap v3 is the most powerful version of the protocol yet, with Concentrated Liquidity offering unprecedented capital efficiency for liquidity providers, better execution for traders, and superior infrastructure at the heart of decentralized finance.”

For a complete description of Uniswap version 3’s features, you may refer to this update from the team in March 2021.

As mentioned in a blog post from the developers, dated May 5, 2021:

“Audit reports for the core and periphery contracts can be found here and here. After 6 weeks, the Uniswap v3 bug bounty has returned no major findings. However, we would like to note that v3 is a complex new protocol and we cannot guarantee all bugs have been found and resolved.”

The swap interface now routes all trades via Uniswap v3 and will alert users when “a better exchange rate is available on Uniswap v2,” the announcement noted.

The Uniswap analytics platform (info.uniswap.org) is now able to track v3 performance. You may review version 2.0 stats here.

As noted in the update:

“The pool interface now supports the creation of Uniswap v3 positions with multiple fee tiers and concentrated liquidity ranges. Each position is represented as an NFT and comes with a unique piece of on-chain generative art.”

The developers also mentioned that they’ve released a migration portal for Uniswap v2 and Sushiswap LPs in order to “seamlessly migrate” their assets over to v3. Because of the introduction of “concentrated liquidity,” the migration portal requires LPs “to specify a fee tier and price range for their allocated liquidity. A migration walkthrough guide can be found here,” the announcement noted.

Developers are able to start building on Uniswap v3 immediately, the announcement confirmed.

Initial documentation and example projects are available here for reference. The Uniswap Labs team will “be available to answer integration-related questions in [their] Discord’s #integrations channel.”

For more details on this announcement, check here.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175019-uniswap-version-3-0-now-successfully-deployed-on-ethereum-eth-mainnet/

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Goldman Sachs Leads $15 Million Series B Round in Coin Metrics

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Goldman Sachs (NYSE:GS) has invested in Coin Metrics – a crypto-asset data and risk analysis firm. The $15 million Series B was led by Goldman along with the participation of previous investors Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and Collab+Currency. New investors include Acrew Ventures, Morningside Group, BlockFi, and Warburg Serres Investments.

According to Coin Metrics, Mathew McDermott, Managing Director at Goldman Sachs, who is leading the blockchain and crypto charge at the bank, will join Coin Metrics’ Board of Directors.

McDermott commented on the funding round:

“Data is critical for the mainstream adoption of cryptoassets by traditional investors and financial services players. Our clients will greatly benefit from Coin Metrics’ institutional-grade data insights and emerging risk management tools.”

Marianna Lopert-Schaye, in Firmwide Strategy at Goldman Sachs, said that Coin Metrics is at the forefront of innovation and institutionalization in the digital asset markets.

“We are excited to be leading their Series B, thereby enabling their growth and supporting their mission to be the leading provider of data-driven market insights and intelligence for institutions in crypto.”

Coin Metrics was founded in 2017 as an open-source project seeking to determine the economic significance of public blockchains. Coin Metrics says it has “institutionalized their network and market data offerings over the past 18 months.”

Coin Metrics services are in use at some of largest names in the cryptoasset ecosystem, including Fidelity Investments, Osprey Funds and BlockFi.

Coin Metrics has recently announced several new products, including a network risk management offering, FARUM, and a universal block explorer, ATLAS, both of which leverage the infrastructure of the existing data business.

Tim Rice, co-founder and CEO of Coin Metrics, said the tremendous interest they are seeing in these offerings reinforces the value of on-chain data to institutions engaging in cryptoassets.

“I couldn’t be more proud of what the team has built over the past 12 months. Our data is clearly on a path to becoming an integral part of the infrastructure for the future of finance.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175049-goldman-sachs-leads-15-million-series-b-round-in-coin-metrics/

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TradeStation Crypto Expansion: Now Providing Access to Traders in Minnesota, Mississippi, & Ohio

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TradeStation, an online broker-dealer and futures commission merchant, announced on Thursday it is now providing access to its services to traders in Minnesota, Mississippi, and Ohio. Residents of these states may now be able to apply for an account on the TradeStation brokerage platform in order to trade cryptocurrencies and earn up to 6% per annum interest on eligible cryptocurrencies.

As previously reported, TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system to offer its customers what it believes is better visibility and trade execution.

“TradeStation Crypto believes it is the first crypto offering that uses the true online brokerage model that self-directed traders have come to expect for other asset classes, including equities, options and futures.”

TradeStation further revealed that residents in MinnesotaMississippiOhio and previously approved states may apply to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USD Coin (USDC). Other supported crypto coins and approved territories are planned to be added to TradeStation Crypto in the future. James Putra, Senior Director, Product Strategy at TradeStation Crypto, went on to add:

“We are excited that traders in MinnesotaMississippi and Ohio can now participate in the cryptocurrencies markets through the TradeStation Crypto platform. We continue to expand access to the TradeStation Crypto platform and provide an award-winning** crypto trading experience as adoption of digital assets continues to grow.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175047-tradestation-crypto-expansion-now-providing-access-to-traders-in-minnesota-mississippi-ohio/

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Celsius Forms Partnership With Mobile-First Cryptocurrency Platform B21 Crypto

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Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has formed a partnership with B21 Crypto, a global, mobile-first cryptocurrency platform to provides investing, earning, and sending crypto services.

Through the partnership, B21 is notably launching a new feature, Earn, which allows users to stake their entire portfolio in a single click to earn weekly yield.

With this Earn feature, B21 users in over 82 countries can now earn up to 18% APY on all their crypto assets and benefit from the Celsius earning model which includes rewards without lock-in, weekly pay outs, no minimum balance restrictions, and asset transfers and withdrawals anytime.”

While sharing more details about the partnership, Alex Mashinksy, CEO of Celsius, stated:

“Partnerships with crypto innovators like B21 are game-changers for the every-day retail investor looking to cryptocurrency as the new asset class of the future. The mission of Celsius is to create the best pathways for users around the globe to achieve financial independence through earning on cryptocurrency. We’re proud to be partnering with B21 to reach that goal.”

Founded in 2017, Celsius addresses the financial needs of today’s consumers worldwide through a democratized interest income and lending platform accessible through a mobile app.

“Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions.”

Celsius recently announced it now holds more than $5.3 billion worth of cryptocurrency assets.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175046-celsius-forms-partnership-with-mobile-first-cryptocurrency-platform-b21-crypto/

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