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Cryptocurrency, Blockchain, and Fintech News Headlines Update on March 05, 2021

BitPay announced the rollout of dogecoin (DOGE) payments for merchants and consumers via BitPay Wallet app (App Store (iOS) or Google Play Store (Android)) and at all of BitPay’s enabled merchant sites (sign up here).

The Dallas Mavericks will be the first to accept dogecoin. “The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth-shattering reason, because we can! Because we can, we have chosen to do so,” stated the team’s owner Mark Cuban.

In a JPMorgan survey of roughly 3,400 investors representing 1,500 institutions, 11% of investors said their firm either trades or invests in crypto, while 89% said their firm doesn’t, Business Insider reported Wednesday.

BitGo said it has obtained a New York Trust license to operate as an independent, regulated qualified custodian under New York State Banking Law.

Grayscale Bitcoin Trust [GBTC] discount may signal march to USD 100,000″ per bitcoin (BTC), Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, said in his newest report.

Ripple said it is piloting a private version of the public, open-source XRP Ledger that provides Central Banks a solution for the issuance and management of digital currencies (CBDCs).

The Meerkat Finance team announced via its Telegram channel around 9:00 UTC Thursday that its smart contract vault had been compromised, The Block reported. Its community members suspect that founders just run away with everyone’s money. announced the launch of Capital, its USD 200m venture arm dedicated to investing in crypto startups at seed and series A stage.

Yield Guild Games said it has raised a seed investment of USD 1.3m.

Amazon Web Services (AWS) announced general availability of Ethereum (ETH) on Amazon Managed Blockchain, meaning that AWS customers can provision Ethereum nodes “in minutes” and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten.

IOTA (MIOTA) announced its smart contracts protocol alpha release, which will allow developers and enterprises to define their own, flexible environments matching their requirements (smart contract languages/virtual machines) as well as sizes of validating committees.

100x Group has appointed Stephan Lutz, a former partner at PricewaterhouseCoopers GmbH, as Chief Financial Officer, who will take up his role in May 2021.

Cryptouniverse has been ordered by a city court to face trial in a case involving three individuals who have accused it of fraud.

The native token of decentralized finance protocol Curve Finance (CRV) spikes nearly 30% in 24 hours after traders rallied into the wrong market in response to news that PayPal may have acquired Curv for between $200 million and $300 million, was reported on March 2 citing by anonymous sources.

1inch announces expansion to Binance Smart Chain (BSC) to deploys its AMM and aggregator, plans to run BSC node, and become an infrastructure provider for layer-one blockchains. 10 million 1INCH tokens which currently worth over $40 million dollars has ported to BSC as a liquidity bridge between Ethereum and BSC, and will seed the 1inch ecosystem on BSC, including the 1inch Aggregation Protocol and the 1inch Liquidity Protocol.

Ethereum co-founder Vitalik Buterin has proposed a layer-two interoperability solution to link a particular type of cross-rollup scaling projects, particularly useful for DeFi. The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability.

Furucombo suffers over $14 million “evil contract” hack which relied on user permissions granted to the protocol.

The attack happens at roughly 4:45 pm UTC, which centered on token approvals from users, the attack appears to be larger as they have been transferring ETH to privacy mixer Tornado Cash in batches over the last hour.

Komodo project launches the latest stable beta of AtomicDEX to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin and other UTXO networks, without having to use intermediary tokenized representations.

Alex Lim is a certified IT Technical Support Architect with over 15 years of experience in designing, implementing, and troubleshooting complex IT systems and networks. He has worked for leading IT companies, such as Microsoft, IBM, and Cisco, providing technical support and solutions to clients across various industries and sectors. Alex has a bachelor’s degree in computer science from the National University of Singapore and a master’s degree in information security from the Massachusetts Institute of Technology. He is also the author of several best-selling books on IT technical support, such as The IT Technical Support Handbook and Troubleshooting IT Systems and Networks. Alex lives in Bandar, Johore, Malaysia with his wife and two chilrdren. You can reach him at [email protected] or follow him on Website | Twitter | Facebook

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