Cross-chain Polkadot bridge Darwinia collaborates with decentralized storage network Crust

CryptoNinjas » Cross-chain Polkadot bridge Darwinia collaborates with decentralized storage network Crust
Darwinia Network, an open, cross-chain bridge protocol built on Substrate, today announced it will collaborate with Crust Network. an incentive layer protocol for decentralized storage, to further strengthen the Polkadot ecosystem.
The Darwinia decentralized cross-chain bridge will facilitate the efficient multi-chain circulation of Crust ecosystem assets. This will also enable access of Crust’s data store storage and computing services to Ethereum, BSC, and other public chains.
By joining forces, Darwinia Network can reap the benefits of using Crusts’ turn-key, Web3 decentralized storage network. Additionally, Darwinia ecosystem cross-chain game Evolution Land will integrate Crust PolkaPet NFT to add Gamefi mining efficiency.
Darwinia Network As an open, cross-chain bridge protocol built on Substrate, the “Golden Gate Bridge” of cross-chain ecology; Darwinia Network provides a secure, universal bridging solution that helps realize cross-chain asset management among heterogeneous chains such as Polkadot, Ethereum, and BSC.
Darwinia Network has won many honors and recognitions on the road to building a decentralized bridge chain. The project forms part of the Polkadot white paper and was selected to join the Substrate Builder Program and Web 3.0 training camp.
Tools and products developed by Darwinia have received three W3F Grants, and the project was formally recognized by Parity for its outstanding technological achievements. Gavin Wood, the founder of Polkadot, has praised Darwinia as one of the “most noteworthy Polkadot ecological projects”.
Crust Network Crust implements the incentive layer protocol for decentralized storage. It is adaptable to multiple storage layer protocols such as IPFS, and provides support for the application layer. Crust’s architecture also has the capability of supporting a decentralized computing layer and a decentralized clou..

Privacy blockchain Concordium raises $15M in token sale and completes MVP testnet

CryptoNinjas » Privacy blockchain Concordium raises $15M in token sale and completes MVP testnet
Privacy-centric blockchain Concordium, today announced it has finalized its MVP testnet and concluded a private sale of tokens to fund further development. The company secured $15 million in additional funding for its public and permissionless compliance-ready privacy-centric blockchain.
Late last month, Concordium announced joint venture cooperation between Concordium and Geely Group; a Fortune 500 company and automotive technology firm. The partnership will focus on building blockchain-based services on Concordium’s enterprise-focused chain.
Concordium recently completed testnet 4, which saw over 2,300 self-sovereign identities issued and over 7,000 accounts created, with more than 1,000 active nodes, 800 bakers, and over 3,600 wallet downloads. The successful testnet led to the release of Concordium smart contracts functionality based on RustLang; with a select group of community members participating in stress-testing the network. Test deployments for smart contracts included gaming, crowdfunding, time-stamping, and voting.
“The interest of the community, from RustLang developers, VCs, system integrators, family offices, crypto service providers, and private persons, has been amazing. Concordium has fielded strong demand from DeFi projects looking to build on a blockchain with ID at the protocol level.”
– Concordium CEO, Lone Fonss Schroder
Concordium will bring its blockchain technology for broad use, which also appeals to enterprises with protocol-level ID protected by zero-knowledge proofs and stable transaction costs to support predictable, fast, and secure transactions.
Its core scientific team is made up of renowned researchers Dr. Torben Pedersen, creator of the Pedersen commitment, and Prof. Ivan Damgård, father of the Merkel-Damgård Construct.
The Concordium team intends to announce its post-mainnet roadmap in the coming days.
CryptoNinjas » Privacy ..

Crypto derivatives exchange Bit.com adds Request For Quote (RFQ) function via Paradigm

CryptoNinjas » Crypto derivatives exchange Bit.com adds Request For Quote (RFQ) function via Paradigm
Bit.com, a cryptocurrency derivative exchange by Matrixport, today announced a new partnership with Paradigm, a crypto OTC liquidity network. Together, the two entities are launching a fully-automated Request For Quote (RFQ) protocol on Bit.com.
This new RFQ protocol will provide on-demand liquidity for large-size orders and competitive pricing for the following structures:

Single-leg structures (Outright Calls, Puts, and Futures) for BTC and ETH Multi-leg structures for BTC and ETH options/futures (such as Straddles, Strangles, Call and Put Spreads, and even future spreads) -Coming soon: Single and multi-leg structures for BCH Bit.com/Paradigm RFQ allows traders to simultaneously request two-way quotes from multiple dealers without revealing their identity or trade direction and then instantly execute on the best bid/offer.
Paradigm aggregates prices and displays the best bid/offer on Bit.com; execution is confirmed on Paradigm and settled within the user’s Bit.com account.
“With more financial institutions entering the crypto market, RFQ will play an important role in the growth of institutional crypto options trading by providing a single point of access to multi-dealer, block liquidity.”
– The Bit.com Team
CryptoNinjas » Crypto derivatives exchange Bit.com adds Request For Quote (RFQ) function via Paradigm

Unstoppable Domains announces highest price sale of a domain name NFT ever recorded

CryptoNinjas » Unstoppable Domains announces highest price sale of a domain name NFT ever recorded
Unstoppable Domains, a company building blockchain domain names, has announced the sale of its “win.crypto” blockchain domain NFT for a record $100,000 USD. The sale — which occurred on March 3, 2021 — stands alone as the most expensive domain name NFT ever recorded.
In line with the spiking NFT market growth, Unstoppable Domains unveiled its 94 premium sports and gaming NFTs for public sale, with domain name NFT offerings including “win.crypto”, “baseball.crypto” and “gambling.crypto”. Within the first three days of March, Unstoppable Domains was able to facilitate the largest domain name NFT sale in history with the “win.crypto” blockchain domain.
“The NFT market is experiencing unprecedented growth, and is drawing more attention to the space,” said Brad Kam, co-founder of Unstoppable Domains. “While most people assume NFTs are digital art, the reality is there are a substantial number of NFT use cases that don’t center around art — like domain names. Domain name NFTs, much like .com names can act as homes for decentralized websites, in addition to replacing complex cryptocurrency wallet addresses with a human-readable name.”
Following the successful sale of the premium sports and gaming domain name NFTs, Unstoppable Domains will unveil a new batch of premium domain names on a weekly basis, with categories spanning travel and transportation to electronics and finance. Premium domain names are sold on a first-come, first-served basis.
The record sale of the “win.crypto” blockchain domain comes on the heels of Unstoppable Domains’ February announcement that allows any internet browser access to the .crypto extension just like a .com to view a decentralized website with a single DNS setting change.
To date, Unstoppable Domains has registered over 540,000 domain names.
CryptoNinjas » Unstoppable Domains announces highest price sale of a domain name NFT ever record..

AIKON launching new multi-sig crypto wallet backed by Coincover, underwritten by Lloyds of London

CryptoNinjas » AIKON launching new multi-sig crypto wallet backed by Coincover, underwritten by Lloyds of London
AIKON, a blockchain identity service provider, today announced a strategic partnership with Coincover to develop its new flagship product — ORE Vault, which includes its cryptocurrency theft insurance underwritten by Lloyds of London.
ORE Vault is an easy-to-use enterprise-grade crypto wallet with built-in multi-sig features. Enterprises will be able to create multiple user wallets and assign transaction authorization and permissions; with flexible company departmental and employee requirements. Authentication policies can be created for each wallet, promoting transparency of transactions and wallet usage patterns.
Furthermore, ORE Vault enables enterprises with uninterrupted access to funds on multiple blockchains; and full control over their digital assets, passcodes, and private wallet keys. AIKON provides ORE Vault with non-custodial and hybrid wallets, fund security, and blockchain-innate personal information privacy.
“Multisig wallets are the gold standard of security in the world of cryptocurrency, but there’s always room for human error. Partnering with Coincover to offer an insurance-backed guarantee, Aikon allows companies to give their customers peace of mind in this dynamic, but intimidating new industry,” said Marc Blinder, CEO, AIKON.
Given the risks commonly associated with holding digital assets, and the rapidly increasing number of enterprises now holding cryptocurrencies, AIKON released its premium ORE Vault feature set with Coincover’s FCA-regulated crypto-asset insurance-backed guarantee underwritten by Lloyd’s of London to solve market risk issues and assuage robust market demand for secure enterprise-grade crypto storage and management.
David Janczewski, Co-Founder, and CEO of Coincover, said, “We are delighted to be partnering with AIKON to provide theft cover as part of their ORE Vault offering. AIKON customers can now be eve..

Crypto custodian Copper’s systems designed to minimize counterparty risk — gunnercooke

CryptoNinjas » Crypto custodian Copper’s systems designed to minimize counterparty risk — gunnercooke
Copper, a blockchain asset infrastructure provider, today announced it has obtained a legal opinion from gunnercooke which confirms that Copper has included in its Vault Account crypto-asset custody solution systems and controls designed to minimize the level of counterparty risk to which its clients are exposed.
The law firm’s evaluation involved consideration of the range of different systems and controls put in place by Copper to protect cryptoassets, which are held in segregated wallets dedicated for sole use by that client, including:
The private key used to transfer crypto-assets out of the segregated wallets is split into three parts, two of which are required to make a transaction, and Copper only has access to one of these parts. Ensuring that Copper’s documentation is designed to keep the legal title with Copper’s client rather than transferring legal title to Copper. The use of optical air-gaps to create a physical separation between the internet and the vault, which can only be crossed using a QR code. Policies for closely controlling potentially sensitive data. The ability to require a co-signature process be completed before making withdrawals. Obtaining insurance cover. Obtaining external coding audits to validate the security standards that have been put in place. Edward Black at gunnercooke said: “We are delighted to have worked with Copper on this project, which shows a serious commitment by Copper to explaining how Copper seeks to mitigate the risks to its clients inherent in taking custody of cryptoassets. We believe that a core part of trusting any crypto custodian with cryptoassets is having a clear understanding of how they protect those assets. The requirements for keeping cryptoassets secure are continually evolving, and trying to solve the issues involved is no easy task. What was particularly interesting in providing this opinion was to..

Seafood tracing app Tracey integrates DeFi with Binance Smart Chain and EasyFi

CryptoNinjas » Seafood tracing app Tracey integrates DeFi with Binance Smart Chain and EasyFi
Tracey, a seafood tracing app project, today announced the integration of several DeFi and CeFi lenders. Tracey helps small-scale fishers in emerging markets gain access to finance by sharing verified information on their seafood catch and trade data. The trade data is used by DeFi and CeFi lenders to ascertain creditworthiness and offer suitable micro-finance based on the eligibility of the borrower.
By integrating with Binance Smart Chain (BSC), Tracey users will gain access to lenders within the BSC ecosystem. The EasyFi lending protocol joins as an additional lender. EasyFi will conduct creditworthiness analysis and offer micro-finance through its own lending ecosystem. UnionBank, an already existing partner of the Tracey project, will continue offering CeFi lending solutions. In addition to enabling lending services, BSC will be used as the project’s blockchain solution.
The micro-SME market has traditionally been excluded from institutional finance due to the difficulty of ascertaining the creditworthiness of individuals who often hold no bank accounts. The financial product being integrated will enable De-Fi lenders to provide further liquidity into this highly untapped market. Expanding to crypto lending in the Tracey project removes the geographical barriers to scaling the product. Through this collaboration, the Tracey solution will be able to facilitate lending in 180+ countries.
Pilot Binance will participate in several rounds of pilots, the first of which is taking place this month in the Philippines for the WWF-led Fisheries Improvement program. Post-pilot, the product has the potential to roll out to other small-scale operators in FIP sites (Fishery Improvement Projects) as well as AIPs (Aquaculture Improvement Projects) around the world, and later, to support other micro-SME markets.
“TX is engineering value from data to deliver solutions that help solv..

Crypto hedge fund ARK36 to execute orders with crypto prime broker SheeldMarket

CryptoNinjas » Crypto hedge fund ARK36 to execute orders with crypto prime broker SheeldMarket
Cyprus-regulated crypto hedge fund ARK36, today announced it has partnered with France-based prime brokerage SheeldMarket in order to execute orders for a variety of crypto-assets.
ARK36 will maintain custody of its assets within the broker’s compliant and insured infrastructure; while accessing liquidity through SheeldMarket’s algorithmic execution services.
“We are constantly exploring the space to ensure we provide Best Execution and in SheeldMarket we saw the kind of high-end solution that can ensure rapid and precise execution of orders while also offering the protection of funds demanded by our investors.”
– Ulrik Lykke, Co-Founder at ARK36
CryptoNinjas » Crypto hedge fund ARK36 to execute orders with crypto prime broker SheeldMarket

DeversiFi introduces fast withdrawals feature between L2 and L1 Ethereum

CryptoNinjas » DeversiFi introduces fast withdrawals feature between L2 and L1 Ethereum
DeversiFi, an Ethereum-based crypto trading/exchange ecosystem, today announced it has collaborated with StarkWare to use, for the first time; a new type of L2 transaction known as a ‘conditional transfer’ – which makes possible interoperability between L2 and L1 Ethereum.
“We believe that conditional transfers will become one of the most important building blocks over the next year as DeFi begins to migrate over to L2s. The Ethereum community is rightly excited at the moment about L2s, but whether we are speaking about zk roll-ups, validiums, or optimistic roll-ups, interoperability between different applications and with Layer 1 is still a challenge that the ecosystem will need to overcome in order for DeFi to migrate.”
– The DeversiFi Team
How DeversiFi’s fast withdrawals functionality works:
The DeversiFi platform has enabled close to instant withdrawals using two components:
A new ‘conditional transfer’ transaction type, verified as part of the proof. A liquidity provider (which in this case is the same as the operator but in the future could be a pool of users earning fees). What else could the conditional transfer building block be used for?
According to the DeversiFi team, the most obvious use case for conditional transfers is to send funds directly to a regular Ethereum address on L1.
However, ultimately the ‘fact’ that is being registered on-chain in the Registry contract can attest to ANY type of transaction. The StarkEx verifier contract is able to therefore check any range of conditions attached to transfers.
Some examples include:
Deposits directly into Tornado Cash Deposits into Compound or Aave Arbitrage trades on L1 DEXs – note this enables aggregation and no-risk arbitrage between DeversiFi liquidity and i.e. Uniswap liquidity Direct transfers between different L2s, i.e. Loopring and DeversiFi Staking into ETH2 The DeversiFi fast withdrawals UI A couple..

Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap’s DAO

CryptoNinjas » Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap’s DAO
EmiSwap is the first product in the ecosystem of EmiDAO, an autonomous DAO designed with new ideas and advancements in DeFi. With the ESW governance token at the heart of the ecosystem, EmiDAO enables 100% of projects’ profit distribution among ESW token holders.
Members of the EmiDAO alliance are exposed to the ecosystem projects, launching with the first project EmiSwap, the members of EmiDAO vote on what new initiatives and projects to launch in the future.
The EmiDAO Alliance members include: Alpha Sigma Capital is an investment fund focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. “The EmiDAO ecosystem is an entry point for companies and projects that are interested in developing new projects and initiatives in DeFi. Decentralized finance is still in its early stages but with over $38 billion USD in DeFi systems alone, we are seeing more and more capital committed to these platforms and new ideas and initiatives that are innovative and compelling. EmiDAO will allow new participants and developers to leverage the platform in a true DAO environment.”
– Enzo Villani, Member of Alpha Sigma Capital
In addition to Alpha Sigma Capital, crypto exchanges DigiFinex, BitMart, and Emirex have joined EmiDAO to provide liquidity to the EmiSwap protocols and list the Emirex and ESW token on their exchanges. Further, Everest has also joined EmiDAO and is supporting the EmiSwap project with its global banking platform that will be integrating KYC (Know Your Customer), AML (Anti-Money Laundering), whitelist-as-a-service, and fiat-in/out ramps.
DigiFinex is one of the world’s top cryp..