Cryptocurrency, Blockchain, and Fintech News Headlines Update on January 25, 2021

EU may impose commission on cryptocurrency transactions. A petition was filed by lawyer Jonathan Levy, submitted to the European Parliament, proposes to charge a small amount of commission on cryptocurrency transactions, which will fill the support fund for victims of cryptocurrency fraud.

Blockstack relaunches and rebrands into Stacks 2.0 mainnet to bring smart contracts and decentralized finance (DeFi) to the Bitcoin (BTC) network. A one-day virtual event headlined by a number of industry partners and the developer community to celebrate the launch of Stacks 2.0, a layer-one blockchain with a native bridging toolkit to build on Bitcoin. Read more at Stacks Blog > Stacks 2.0 Status Update

Cream Finance launches Iron Bank feature, attempt to create a decentralized finance equivalent of corporate debt without posting collateral. Read more explanation at Introducing The Iron Bank

Cream Finance launches Iron Bank feature
Cream Finance launches Iron Bank feature

Synthetix launches a new version on Optimistic Ethereum, a layer-two solution. With Ethereum transaction fees still high, more layer-two powered platforms are emerging as the Ethereum network struggles to keep up with its own popularity.

FTX and Sam Bankman-Fried of Alameda Research leads a $50 million funding round to integrate decentralized finance (DeFi) protocols to Maps.me, an offline travel and mapping application with 140 million users worldwide. Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings, and mapping services, in addition to exchange features and a multi-currency crypto-asset wallet offering annual yields of up to 8%.

Uniswap’s founder Hayden Adams has asked the crypto community for suggestions on how the DEX should allocate its more than $500 million governance treasury.

Fetch.ai partners with Yoti to bring KYC to autonomous DeFi agents for blockchains. Technical documentation and request Yoti API keys. Read more at Yoti and Fetch.ai announce collaboration

Yoti and Fetch.ai announce collaboration
Yoti and Fetch.ai announce collaboration

Perpetual Protocol continues to grow as sixth-largest DEX after executing 179,000 transactions on the first month of operation, achieving $500 million in monthly volume at $183 in gas fees, according to the data from Dune Analytics.

Several DeFi projects including Sushiswap, Curve, Yearn.finance, BadgerDAO and Synthetix begin to upgrade and improve their user experience with new front-end interface design.