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Mettalex, a Decentralized Crypto and Commodities Derivatives Exchange, Launches DEX Yield Farming

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Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem.

Liquidity providers are now able to generate a “highly-competitive” yield by offering BUSD liquidity to copper and steel scrap markets. At a variable 20% APY in MTLX tokens, the Mettalex decentralized or non-custodial exchange (DEX) now offers the “highest yield on BUSD in the DeFi space,” the announcement noted.

As mentioned in a release shared with CI:

“Over the past year, copper and steel have seen tremendous growth, with copper seeing its spot price gain 36% from January to May. It also reached a record high of $4.8 per pound on the London Metal Exchange. Steel scrap has also climbed more than 100% in the last 12 months, and China announced plans to increase its use of steel scrap by 23% in the next five years.”

On Mettalex, traders have the option to either long or short copper and steel scrap with leverage and “fully quantified” risk. Physical holders of these commodities and processing firms will have the chance to cost and “capital-efficiently” hedge their positions, which “up until now was not offered in the DeFi space,” the release noted.

Humayun Sheikh, CEO of Mettalex, stated:

“Mettalex’s DEX markets will now effectively become yield farming pools. DeFi liquidity will flow into traditional commodities enabling crypto traders to get leveraged exposure to some of the most interesting real-world assets. This is the first time commodities such as copper and steel can be traded on a blockchain, bridging traditional commodities with DeFi. We are on the path to broader adoption of decentralization and tokenization in untouched markets.”

In addition to copper and steel scrap, liquidity providers or LPs on Mettalex may deposit stablecoin liquidity to various markets such as $ETH, $MATIC, BTC/GOLD in order to generate fees as well as MTLX rewards.

For additional information about yield farming opportunities offered on the Mettalex DEX, check here.

As covered, Mettalex aims to serve as a decentralized commodities derivatives trading platform that’s powered by AI and machine learning network Fetch.ai. Established with the goal of bringing the $20 trillion commodities market on-chain, Mettalex offers the tech required to effectively scale the DeFi ecosystem to address the requirements of the global financial markets.

As previously reported, Fetch.ai, a Cambridge-based AI lab, is creating the infrastructure needed for autonomous software agents “to begin performing useful economic work on behalf of individuals, businesses, and organizations.”

Fetch.ai’s network is “based around open-source technology and gives users access to the power of AI on a world-scale secure dataset to carry out complex coordination tasks in the modern economy.”

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Source: https://www.crowdfundinsider.com/2021/07/177841-mettalex-a-decentralized-crypto-and-commodities-derivatives-exchange-launches-dex-yield-farming/

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What is the Freedom Phone and Should You Buy It?

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If you haven’t yet heard of it, the Freedom Phone is a much-hyped new device that promises “free speech and privacy” to its users. Funded by Erik Finman, the self-made Bitcoin millionaire who bought $1,000 worth of the cryptocurrency when it was just $12 a coin. That investment was made when Finman was 12; by the time he turned 18, he was a millionaire. Now 22, Finman is promoting the Freedom Phone as “a free speech and privacy first focused phone. With features like tracking blockers and an uncensorable app store.”

Critics (mostly security experts) say that the phone is little more than a re-vamped budget phone from China but priced like an iPhone XR. Very little is known about the features or even the OS at this point but the phone is clearly being marketing to ‘conservative America’ as a device that is all about “Not just making America great. But also making a great phone.”

The Freedom Phone website offers very little information but is loaded with Buy buttons. The site promotes high-level features such as tracking blockers, an “uncensored App Store”, “Pre-loaded Apps”, a mobile OS based on free speech, “Large Storage”, a 6-inch screen, easy phone switching, etc. but fails to go any deeper into the actual specs of the phone or the operating system.

Although the site claims that the device ships in August, it’s surprising that not much information is available about the device or its performance so close to its release.

Some speculate that the phone is merely a bid by a newfound millionaire to take advantage of conservatives who are irked by ex-President Donald Trump being blocked from social media platforms like Twitter and Facebook. Although Trump is slowly losing support within the party, millions of Americans are still behind him:

According to a new NBC News poll, 44% of Republicans say they support the former president more than they support the Republican Party. That is a decline from 50% and the first time since July 2019 that party supporters outnumbered Trump supporters.

We don’t know what the pre-order levels look like with the Freedom Phone, but we suspect that it’s not entirely an unpopular device among conservatives who still expect Trump to make another bid for the White House. Even celebrities like Caitlyn Jenner, ex-Olympian and gubernatorial candidate for California, have pledged their support should he decide to run in 2024.

As for the Freedom Phone itself, there are too many questions left unanswered, such as whether or not it works with 5G networks, what kind of internal specs it offers, and what the specific privacy implementations are. Should you buy it? Well, if you have $500 to burn, go for it. However, since none of the critical information we typically use to assess the worth and value of a phone is available, we don’t recommend it.

From the image, it looks like any other budget Android phone. Is there more to it than that? Follow this story on 1redDrop as we track the story around the Freedom Phone.

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Source: https://1reddrop.com/2021/07/24/what-is-the-freedom-phone-and-should-you-buy-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-freedom-phone-and-should-you-buy-it

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Nigeria to Launch a Pilot for Its CBDC in October

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Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


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According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

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Source: https://coingenius.news/nigeria-to-launch-a-pilot-for-its-cbdc-in-october-49/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-to-launch-a-pilot-for-its-cbdc-in-october-49

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Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

Published

on

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


ADVERTISEMENT

According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Source: https://coingenius.news/amazon-wants-a-leader-for-its-digital-currency-and-blockchain-product-unit-38/?utm_source=rss&utm_medium=rss&utm_campaign=amazon-wants-a-leader-for-its-digital-currency-and-blockchain-product-unit-38

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Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Published

on

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


ADVERTISEMENT

According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/fintech-giant-zip-co-to-provide-cryptocurrency-trading-services-24/?utm_source=rss&utm_medium=rss&utm_campaign=fintech-giant-zip-co-to-provide-cryptocurrency-trading-services-24

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