Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium

CryptoNinjas » Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium
ChainSwap, a cross-chain asset bridge & application hub for smart chains, today announced a new partnership with Raydium, the leading Solana blockchain-based automated market maker (AMM) and liquidity provider. The collaboration will connect applications for Raydium with EVM chains for ChainSwap, as well as drive Solana to EVM-compatible chains traffic.
Unlike other automated market makers, Raydium provides liquidity to Serum’s central limit order book (non-custodial DEX that’s built on Solana). This means that the platform’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem, and vice versa.
Built on the Solana blockchain, Raydium enables significantly faster transactions and lower fees. Raydium offers DeFi and AMM projects a path for bridging platforms and liquidity. On top of that, ChainSwap is currently in the progress of building a Solana-to-EVM bridge and will enable liquidity creation on Raydium.
On the native ChainSwap exchange, the ChainSwap.com Governance Token (TOKEN) facilitates platform operation, utility capture, and value realization. TOKEN has no monetary value. TOKEN incorporates economic and game theoretical designs to boost platform utility. Further, ChainSwap plans to introduce a series of new apps on an intermediate chain powered by TOKEN.
ChainSwap facilitates cross-chain asset exchange CryptoNinjas » Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium

Public offering of crypto wallet app firm Exodus closes at max permitted of $75M

CryptoNinjas » Public offering of crypto wallet app firm Exodus closes at max permitted of $75M
Exodus, the developer of a popular non-custodial cryptocurrency wallet and software platform, announced today it has closed its offering of Class A common stock under Regulation A, with the maximum amount allowed raised under Regulation A of $75 million. The full amount that had qualified under the company’s offering circular, 2,733,229 shares, was purchased by investors.
The offering resulted in demand from both institutional and retail investors and significantly expanded the ownership base through the addition of over 6,800 new shareholders. The company expects to use the proceeds from the offering for the continued expansion of its platform, with a focus on software development and increasing its marketing efforts to attract additional customers to its platform.
Trading
Exodus is working with its partners Securitize and tZERO to get the EXIT shares ready for trading on the secondary market. Management anticipates this process could be completed within 60 days. Prior to the availability of any secondary market trading, EXIT shares will remain priced at $27.42 and will be visible on the Exodus wallet like any other digital asset within the app’s portfolio.

“Given the novel approach to fundraising, our utilization of blockchain technology, and all the challenges faced, we were blown away by the response. There’s a lot of excitement and gratitude around the company to be joined by 6,800+ new stakeholders in our mission. This offering reinforces our core belief that if you democratize financial systems and make finance easy, people will participate and benefit from opportunities traditionally available to only the wealthy elite. Retail investors who bought a couple shares got the exact same deal as billionaires. That felt pretty cool and true to the spirit of blockchain and the crypto community. Looking ahead, we are focused on enabling secondary trading and accommod..

Latin American crypto exchange Bitso closes $250M Series C funding round

CryptoNinjas » Latin American crypto exchange Bitso closes $250M Series C funding round
Bitso, the largest cryptocurrency exchange platform in Latin America, today announced a $250 million Series C equity round led by Tiger Global and Coatue. Paradigm, BOND & Valor Capital Group also joined the round, together with existing investors QED, Pantera Capital, and Kaszek.
Funds will be used to enhance Bitso’s platform, and support the launch of Bitso’s upcoming product offering; which will include a crypto derivatives platform and interest-bearing accounts.
The company supports users in Mexico, Argentina, and now Brazil; and is the only exchange to offer insurance for their client’s funds. In January 2021, the Financial Superintendence of Colombia announced Bitso as one of the authorized companies in their sandbox and crypto pilot program.
“We’re proud to grow with the industry and to continue to make these powerful financial enablers available to everyone. Last week we launched our retail operations in Brazil. This round will be used to expand our capabilities, our product offering and to continue making crypto useful across Latin America.”
– Bitso Co-Founder and CEO Daniel Voge
This Series C follows Bitso’s $62M Series B funding round in December 2020.
CryptoNinjas » Latin American crypto exchange Bitso closes $250M Series C funding round

EmiSwap introduces gamified NFT farming mechanics on its DEX protocol

CryptoNinjas » EmiSwap introduces gamified NFT farming mechanics on its DEX protocol
EmiSwap, a community-governed decentralized exchange (DEX), today announced its plans to launch gamified NFT farming mechanics on its DEX protocol in Q3 2021. EmiSwap’s NFT farming will feature a new approach to liquidity mining by rewarding users with Ordinary, Uncommon, Rare, Epic, Legendary, or Mythic NFT cards depending on how long and how many assets they stake.
Those who provide liquidity and cross every milestone will be rewarded with limited-edition NFT Magic Cards. EmiSwap’s NFTs Unlike the traditional NFTs that mainly consist of arts and collectibles, EmiSwap’s NFTs feature the best combination of gaming and DeFi by gamifying NFT farming…
EmiSwap’s Magic Card NFTs can be used to maximize earnings, sold on marketplaces, and appropriated as gaming pieces in competitions like Card Wars, a game launching in Q4 2021 inspired by the famous card games Magic: The Gathering and HearthStone. Each Magic Card will provide different rewards including, ESW token bonuses, farm-speeding powers, rare collectibles for Card Wars, and more.
EmiSwap is currently distributing limited-edition NFTs to liquidity providers as an added benefit of their loyalty program. At this stage, NFT items can only be obtained if you supply liquidity and pass Total Value Locked (TVL) milestones that increase in increments of $100,000. The final milestone is $100 million TVL. The campaign consists of 1,000 milestones to serve as a reminder of the ancient Chinese proverb, “A journey of a thousand miles, begins with a single step”.
Last week, EmiSwap announced the successful completion of the seed round with over $1.4 million raised. The DAO-governed protocol is currently in the private investment round to provide further opportunity for investors who couldn’t participate in the overbooked seed round. The private round will conclude at the end of May 2021 with the launch of multiple launchpad listings.
EmiSwa..

Ethereum-based AMM Uniswap has launched V3 on mainnet

CryptoNinjas » Ethereum-based AMM Uniswap has launched V3 on mainnet
Today, the team of Uniswap, a non-custodial automated market maker (AMM) implemented for the Ethereum Virtual Machine (EVM), officially announced that Uniswap v3 has been deployed to the Ethereum mainnet. All of the applicable contract addresses can be found here.
Naturally, Uniswap v3 is the most powerful version of the protocol to date; with increased capital efficiency for liquidity providers, better execution for traders, and superior infrastructure.
Audit reports for the core and periphery contracts can be found here and here. After 6 weeks, the Uniswap v3 bug bounty offered up no major findings.
Notes Traders – The swap interface now routes trades through Uniswap v3 and will provide an alert when a better exchange rate is available on Uniswap v2. The Uniswap analytics platform — info.uniswap.org — now tracks v3 performance. Liquidity providers – The liquidity 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. Developers – Devs can begin building on Uniswap v3 immediately. Initial documentation and example projects can be found here. For a full description of v3’s features, refer to Uniswap’s March announcement blog post.
CryptoNinjas » Ethereum-based AMM Uniswap has launched V3 on mainnet

Galaxy Digital acquires crypto custody and asset infrastructure provider BitGo

CryptoNinjas » Galaxy Digital acquires crypto custody and asset infrastructure provider BitGo
Galaxy Digital, a financial services and investment management company operating in the cryptocurrency and blockchain technology sectors, announced today that it has agreed to acquire BitGo, a bitcoin & blockchain-asset infrastructure provider.
The deal is worth an estimated $1.2B based on Galaxy Digital’s closing share price on May 4, 2021.
BitGo’s product suite is complementary to Galaxy Digital’s existing offerings across asset management, trading, investment banking, and mining. The combined business will be uniquely positioned to serve the entirety of clients’ financial services needs, whether they are storing assets or transacting…
“The acquisition of BitGo establishes Galaxy Digital as a one-stop-shop for institutions and significantly accelerates our mission to institutionalize digital asset ecosystems and blockchain technology,” said Mike Novogratz, CEO, and Founder of Galaxy Digital. “The power of the technology, solutions, and people we will have as a result of this acquisition will unlock unique value for our clients and drive long-term growth for our combined business. We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital.”
Since its founding in 2013, BitGo has been a leader in developing custody and wallet infrastructure products for cryptocurrency users. Today, BitGo is a leading custody provider with over $40 billion of assets under custody, serving over 150 exchanges and over 400 institutional clients. BitGo processes over 30 billion monthly transactions, support the custody of more than 400 coins and tokens and provides clients with comprehensive insurance.
“Joining Galaxy Digital represents an exciting new chapter for our business, as our current clients gain access to a wide set of financial solutions,” said BitGo CEO and Founder, Mike Belshe. “We will now be in a position to offer our best-in-class digital asset infra..

WallStreetBets launches blockchain-powered app to decentralize indices

CryptoNinjas » WallStreetBets launches blockchain-powered app to decentralize indices
WallStreetBets, the grassroots movement that gained international prominence by bringing powerful hedge funds to their knees, announced today plans for using blockchain technology in a product aimed at combating market manipulation in traditional finance.
Prominent figures within the WallStreetBets community — which recently rocketed to fame by short squeezing GameStop through coordination on platforms like Telegram and Reddit — have been working with experts in blockchain and fintech technology to create what is known as exchange-traded portfolios, or ETPs. Although similar to index funds, offering investors exposure to a variety of assets, ETPs can be run in a completely decentralized manner.
Moreover, by harnessing the transparency and community consensus mechanisms provided by blockchain and smart contract technology, WallStreetBets ETPs may serve as an alternative to the kind of market manipulation perpetuated by opaque and politically connected banks and hedge funds.
This novel product is made possible through what is known as a decentralized autonomous organization, or DAO, meaning that control over the associated ETPs rebalancing is placed in the hands of community members with voting rights instead of privileged insiders and unaccountable institutions.
Any retail investor with access to the internet will soon be able to use an associated application on their computer or smartphone to not only get exposure to the ETPs but also participate in polling for how their indices are weighted.
“The amalgamation of blockchain technology with financial markets is the next logical step for finance — and not just for Wall Street but everywhere,” said Jaime Rogozinski, the founder of WallStreetBets and strategic partner of the WSB DApp project. “It will result in stronger, more democratized markets and will empower individuals around the world.”
Born in the ashes of the global fin..

Modulus’ crypto exchange enhancement to eliminate money laundering in P2P transfers

CryptoNinjas » Modulus’ crypto exchange enhancement to eliminate money laundering in P2P transfers
This morning, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, announced that it has released its new P2P Internal Transfers System, allowing traders to transfer funds to one another while actively cracking down on attempts at money laundering.
“This is the first of a handful of new systems and solutions that we’ll be rolling out of the next few weeks. We built these improvements with two goals: allow exchanges to give their traders greater freedom to utilize their assets as they see fit and bring trust back to cryptocurrency. This accomplishes both,” said Richard Gardner, CEO of Modulus.
Modulus’ new solution incorporates a patent-pending AML system to prevent money laundering while allowing traders to move their assets with fewer technical steps. The solution will be incorporated into Modulus’ white-label exchange solution, which allows exchanges to scale more than 10 million transactions per second with less than 40-nanosecond latency. Moreover, the solution also features machine learning trade surveillance which leverages trade data in monitoring and preventing illegalities within the market. “Our developers are working on projects that make cryptocurrency safer and help get exchanges in line with future regulatory requirements — compliance issues that we’ve been tracking — all while giving their traders added value. There’s no question that digital assets will become more regulated as time goes on. We’ve been watching the watchers, and it is our job to ensure that our clients are always ahead of the regulatory curve. This new solution is something that we believe will ensure that our clients are more compliant than the industry as a whole. That becomes a strategic differentiator if you’re an exchange and you can show potential customers that you’re ..

Best Consumer Electronics to Resell for Profit

So you’re thinking about reselling and want to explore the consumer electronics category—that’s a good place to start! The demand is high for this inventory as it is part of most of our everyday lives. And the supply is definitely there if you know where to look.
Did you know roughly 20% of consumer electronics purchases are returned to the retailer or manufacturer? The two biggest reasons for these returns are complexity and lack of problem-solving. So essentially, the item is just too difficult to figure out how to use, or the product doesn’t solve the problem the customer was hoping it would.
Retailers take these customer returns and overstock inventory and then liquidate it. We go over what makes this category so worthwhile, different subcategories within Consumer Electronics (CE), and tips for reselling.
Why Resell Consumer Electronics? Reselling consumer electronics is a great business opportunity! Based on the concept of retail arbitrage, which is simply purchasing products from a retailer at a lower price and reselling it for profit. If done right, buyers-turned-merchants can sell the products at a much higher profit margin than the original discounted price.
So how do you get access to those returned consumer electronics? You head over to online auction sites and bid and buy on liquidation inventory! This inventory is deeply discounted and comes straight from retailers, conditions vary between brand new, like new, mixed, salvage, and refurbished. Always pay attention to the auction titles and manifest details. It will tell you whether the auction lot items are customer returns (dot com or in-store) or overstock inventory.
Consumer Electronics for the Home Consumer electronics for the home are skyrocketing. Especially for smart speakers and assistants. Roughly 1 in 4 adults in the U.S. owns a smart speaker for their home. And according to Amazon, electronics like the Echo Dot are among their best sellers.
Consumer electronics for the home include:
Ent..

DigiMax backs crypto management solutions provider Kirobo with $5M investment

CryptoNinjas » DigiMax backs crypto management solutions provider Kirobo with $5M investment
DigiMax, a provider of artificial intelligence (AI) and cryptocurrency technology solutions, today announced a strategic USD $5 million investment in Kirobo, a cryptocurrency solutions developer.
The investment will help Kirobo expedite the release of its wealth management and crypto transaction security products; which are set to be integrated into DigiMax’s AI system over the course of this year.
Tel Aviv-based Kirobo is a blockchain technology company that provides tools to crypto users and companies, helping them gain better control of their funds. Kirobo offers a straightforward and user-friendly interface that makes crypto management as simple and secure as online banking.
DigiMax and Kirobo have also announced crypto pioneer Brock Pierce has joined the Advisory Boards of both companies where he will be providing guidance around the launch of Kirobo’s portfolio of products. Pierce has established himself as a crypto thought leader, having co-founded EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin. Pierce currently serves as Chairman of the Bitcoin Foundation.
The $5 million strategic investment by DigiMax includes an agreement to explore the integration of DigiMax’s AI technology into Kirobo’s solutions. The companies will also engage in marketing collaboration and the reselling of each other’s products to crypto exchanges.
First Product Kirobo’s first product is a cryptocurrency transfer technology that allows users to “undo” or reverse a crypto transfer sent in error — eliminates the myriad of human error risks inherent to the execution of crypto transactions. A loss of money can occur when a transaction is sent to the wrong address, or when it is sent to an address that does not support the receiving of the transaction, such as trying to send directly to a smart contract address. This is exactly the problem that DeFi is trying to address – ..