Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
June 21,2021
Elon to Start Accepting Bitcoin for Teslas Again Once Bitcoin Mining Goes 50% Green
June 21,2021
B-Cube Rolls Out Suite of New Features Following Successful ICO
It&39s been a few months since we last covered b-cube, but we wanted to share an update on one of our favorite up-and-coming projects in the crypto-trading niche. b-cube.ai is an AI-powered trading bot platform democratizing access to top-tier AI-trading tools. They completed a successful public token sale in March and have been on a tear adding new features and functionality to their platform. We wanted to take a minute to discuss some of the new announcements and features they&39re launching:
B-Cube Staking & Tokenomics:
The b-cube team has built-in some innovative utility into their BCUBE token. Users will have the ability to lock up their tokens for a given period on the b-cube platform to earn APY. Users that stake their tokens will also be granted free b-cube bots trading courses and other products depending on their amount staked. Token holders will also benefit from profit sharing from the B2B side of b-cube&39s business. When hedge funds pay b-cube to build them custom trading bots, a percentage of the proceeds will be distributed back to BCUBE token holders.
Burning Program:
A percentage of the tokens collected for payment of the services and products on the platform will be burned. 100% of the payments received in BCUBE directly will be burned from August 2021 to August 2022 & 25% of the FIAT payments received for our bots and services will be used to buy BCUBE tokens by the company and will be burned. The b-cube team hopes to reduce the supply of b-cube tokens by 50% within one year time.
New Trading Bots:
The b-cube team is getting ready to release 10 trading bots on their platform. While these bots are new to the public, they have already been hard at work building successful track records. Their results are already available on the site.
DEX Integration:
B-cube makes it easy to integrate your bot with leading exchanges like Binance, FTX, Kucoin, and BitMEX, however, they are now rolling out DEX integration. You will be able to add APIs to leading DEX&39s like Uniswap, but don&39t worry about trading fees.. trading fees are aggregated by the b-cube algorithm and one gas fee can be shared by up to 120 users. Trading fees are also covered by the b-cube so there is no need to worry about trading frequency.
Defi Stake & Trade:
No longer will you have to choose if you want to trade crypto or stake it. Defi stake & trade is one of the most innovative features we have seen in a crypto project. b-cube has partnered with MontraDAO to allow you to stake your defi tokens and automatically unlock your tokens when your bot finds you a trading opportunity. In Q1 2022, you will be able to earn while staking and benefit from AI-powered trading at the same time!
We are excited to watch this project unfold and bring AI-powered trading to the masses. If you are interested in purchasing the b-cube token you can find it on Uniswap, or find more information here.
June 21,2021
BitDAO Launches After $230M Private Sale Round
There&39s a new decentralized autonomous organization on the block.
BitDAO has launched after a $230M private funding round featuring over 20 institutional investors and DeFi partners, already making it one of the world&39s largest DAO&39s. The round saw participation from Peter Thiel, a billionaire entrepreneur and co-founder of Paypal, Alan Howard, Dragonfly Capital, Fenbushi, Founders Fund, Jump Capital, Pantera Capital, and more.
In addition to the funding, Bybit, one of the largest crypto derivatives trading platforms, has pledged to contribute 2.5 basis points from all of its futures contracts transaction volume as recurring support for the BitDAO treasury. Based on 2021 numbers, this could amount to roughly $1B annually.
BitDAO aims to improve adoption, collaboration, and innovation within DeFi. Through the BitDAO treasury, the organization will support new and existing DeFi protocols with funding, R&D, and liquidity. The holders of BDAO, BitDAO's governance token, will be given the opportunity to vote on where this capital is allocated. The BDAO token is pegged to the value of Bitcoin but BitDAO has plans to launch additional pegs. The DAO&39s utilizes a multi-chain design to counteract the potential downsides of centralized pegged tokens.
The fresh capital, and future inflows, will fund new DeFi initiatives through BitDAO&39s grant program and help existing protocols with liquidity using token swaps. Another key objective is to attract talent. BitDAO has plans to employ hundreds and launch development and research centers posed to tackle some of the pressing technical problems facing DeFi.
This is exciting news for the DeFi space. For the past few years, DeFi has had the attention of major VCs, both crypto and non-crypto. Taking a decentralized approach to support the long-term growth of the industry is only fitting.
June 14,2021
Ledger Raises a Massive $380M at a $1.5B Valuation
June 12,2021
El Salvador Becomes First Country To Embrace Bitcoin As Legal Tender
June 07,2021
Recapping The Biggest Bitcoin Week Ever In Miami
June 07,2021
GemStarter Introduces Ground-Breaking Cross-Chain Ecosystem Synaps Network
May 31,2021
Carl Icahn, Latest Billionaire-Flipped-Bitcoiner - Eyes $1.5B Investment
May 31,2021
USDC Parent, Circle Closes $440M Funding Round, Largest in Blockchain History
May 25,2021
Bitcoin is Helping Us Transition to Clean Energy Faster
May 25,2021
Injective Protocol Raises $10M From Mark Cuban, Pantera, BlockTower & More
May 24,2021