Opens Up Important New Source of Liquidity for Talos Clients
NEW YORK, Nov. 30, 2023 /PRNewswire/ — Talos, the premier provider of technology for institutions to trade digital assets, and Uniswap Labs, the most trusted name in decentralized finance (DeFi), announced a first-of-its-kind partnership to bring decentralized liquidity and onchain settlement to professional traders and institutions.
Uniswap Labs’ Trading APIs will provide Talos’s clients with enterprise-grade access to the deepest liquidity venue in DeFi with thousands of assets in the Talos order book format they are familiar with. In the near future, clients will also be able to use the new UniswapX ecosystem, which sources liquidity from additional sources to bring even better prices, MEV protection, and gasless swaps to users. Institutional client access to Uniswap is supported by Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain.
“We are thrilled to be working with Uniswap Labs and Fireblocks to expand liquidity access for our institutional clients,” said Anton Katz, CEO and Co-Founder of Talos. “At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting. Together, we share a vision of making digital assets more accessible in a financial marketplace that’s more open.”
At launch, clients will have the distinctive ability to execute orders on Uniswap using Talos’s advanced time-based execution algorithmic strategies, including the TWAP (Time-Weighted Average Price) algorithm. This integration paves the way for Talos’s strategies to be able to interact across both centralized and decentralized liquidity venues seamlessly, expanding opportunities for clients to achieve best execution.
“We welcome Talos clients to the Uniswap ecosystem: deep liquidity, expansive assets, and safe on-chain settlement 24/7,” said Mary-Catherine Lader, COO of Uniswap Labs. “Uniswap Labs’ smart contract expertise has transformed blockchain-based markets. This integration brings institutions the deep liquidity they need and sophisticated smart-contract market structure that they’ve never had access to before. It’s a big step forward for adoption of onchain markets.”
“In the last 12 months, Fireblocks customers have deployed $6 billion into Uniswap. Being that we’ve long supported Talos’s integrations and have previously supported Uniswap Labs via retail connectors, we are thrilled that Uniswap Labs is now a part of this ecosystem to simplify workflows for Fireblocks customers,” added Michael Shaulov, CEO and Co-Founder of Fireblocks. “We’re committed to remaining at the forefront of providing enterprise-grade technology and are proud to work with Talos and Uniswap to deliver an important point of entry to a significant source of liquidity.”
Talos provides institutional-grade technology that supports the full digital asset trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, borrowing and portfolio management. Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects institutions to key participants in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single point of entry. By streamlining the entire trading process, Talos helps mitigate intermediary risk and facilitate best execution. For additional information, visit www.talos.com.
Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.
About Uniswap Labs
Uniswap Labs is the largest on-chain marketplace for digital assets and the most trusted name in DeFi. The Uniswap Protocol is the leading source of liquidity across DeFi, processing $1.7 trillion in lifetime volume. Uniswap Labs builds products that allow users to easily and safely access DeFi, including the Uniswap web and mobile apps and UniswapX. Uniswap Labs makes swapping simple – anytime, anywhere. Learn more at app.uniswap.org/swap.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $4 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.
View original content:https://www.prnewswire.co.uk/news-releases/talos-teams-up-with-uniswap-labs-and-fireblocks-in-landmark-partnership-to-bring-defi-liquidity-to-institutional-investors-302001204.html
China Targets Crypto Crimes in Metaverse & Blockchain
The Supreme People’s Procuratorate (SPP) of China is targeting cybercriminals using blockchain and metaverse platforms for illegal activities amid rising online fraud and personal data infringement.
Deputy prosecutor-general Ge Xiaoyan reported a 64% year-on-year increase in cybercrime-related telecom fraud charges. While blockchain crimes are rising, traditional offenses like gambling and counterfeiting have also expanded into cyberspace. Charges for internet theft rose 23% while online counterfeiting surged 86%.
Between January and November, prosecutors pressed charges against 280,000 individuals in cybercrime cases, up 36% versus last year and constituting 19% of all criminal offenses.
Zhang Xiaojin, director of the SPP’s Fourth Procuratorate, warned citizens about investment scams in crypto, noting the rise of crimes using metaverse, blockchain, and binary options platforms. He said digital currencies have become hotspots for illicit activities.
China’s crackdown on crypto crimes differs from Hong Kong’s crypto-friendly regulations that aim to protect investors without stifling innovation. The People’s Bank of China stressed the need for coordinated global crypto regulation in its latest report.
In 2021, China officially banned crypto transactions and mining but remains a major mining hub despite the crackdown. The SPP aims to strengthen inter-departmental coordination in curtailing crypto adoption and cybercrimes involving digital assets.
Source: Crypto Times
The post China Targets Crypto Crimes in Metaverse & Blockchain appeared first on HIPTHER Alerts.
Crypto Headlines of the Week: ECB Slams Bitcoin, Nigeria Blocks Exchanges
The European Central Bank (ECB) has once again lashed out at Bitcoin, claiming that the recent approval of spot BTC ETFs changes nothing.
The central bank’s officials said Bitcoin’s fair value is zero, and the latest boom will spark massive collateral damage.
They claimed Bitcoin falls short in generating cash flow or other value-based returns, making it a poor investment.
While the ECB’s skepticism towards Bitcoin is not new, Nigeria is also growing skeptical of digital assets and crypto exchanges.
In an effort to crack down on currency speculation while the naira tumbles to record lows, Nigeria has ordered telecom companies to restrict consumer access to the websites of companies like Binance, Coinbase, and Kraken.
Here are this week’s important crypto stories:
ECB Slams Bitcoin Again
The European Central Bank (ECB) has reiterated its position on Bitcoin, stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment.
“We disagree with both claims and reiterate that the fair value of Bitcoin is still zero,” the central bank wrote.
ETF approval for Bitcoin – the naked emperor’s new clothes (ECB Blog)
Kraken Files to Dismiss SEC Lawsuit
Crypto exchange Kraken has filed a motion to dismiss a November lawsuit from the Securities and Exchange Commission that accuses the firm of failing to register with the agency and commingling customer funds. The exchange contended that the SEC’s enforcement action came as retaliation for political speech.
Kraken moves to dismiss SEC lawsuit, citing retaliation from ‘a politically compromised agency’ (Fortune)
Nigeria Blocks Major Crypto Exchanges
Authorities in Nigeria have blocked access to some of the world’s largest cryptocurrency exchanges as the government tries to crack down on currency speculation while the naira tumbles to record lows.
On Wednesday, the country’s telecom regulator ordered telecom companies to restrict consumer access to the websites of companies like Binance, Coinbase, and Kraken.
Nigeria blocks access to crypto exchanges in an effort to curb currency slide (The Financial Times)
FTX Cleared to Sell Stake in AI Startup
A US judge has ruled that bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic.
US Bankruptcy Judge John Dorsey in Wilmington, Delaware, approved FTX’s proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale.
Crypto exchange FTX to sell shares in AI startup Anthropic (Reuters)
Jack Dorsey’s Block Gains Big From Bitcoin Bet
Fintech company Block has reported a remeasurement gain of $207 million on its Bitcoin holdings. As of December 31, 2023, Block held approximately 8,038 BTC for investment purposes with a fair value of $340 million.
The Jack Dorsey-owned company made $66 million in gross profit on bitcoin sales last quarter through Cash App, a banking services platform, representing a 90% increase year over year.
Jack Dorsey’s Block Is Sitting on $207M Gain on Its Bitcoin Bet (CoinDesk)
Reddit Now Holds Bitcoin
Social media platform Reddit has revealed investments in Bitcoin and Ethereum using some of its excess cash reserves. This was included in the SEC filings as part of its preparations for the company’s initial public offering (IPO).
Still, the exact amount invested in these leading cryptocurrencies remains undisclosed.
Reddit says it invested ‘excess cash reserves’ in Bitcoin, ether (Blockworks)
Crypto Super PAC Continues to Raise Funds
Crypto-friendly super PAC Fairshake received $6.8 million in funding last month, including $4.9 million from Gemini co-founders Cameron and Tyler Winklevoss. Fairshake has quickly become one of the most popular super PACs for crypto-friendly donors this election cycle.
Crypto Super PAC Fairshake Raised $6.8 Million From Winklevoss Twins and VCs in January (Decrypt)
Major ETF Issuers Talk About Crypto in Miami Conference
The discussion on the spot Bitcoin ETFs was the most well-attended panel of the entire Exchange ETF Conference in Miami Beach, Florida, so much so that the staff ran out of the headphones attendees were provided with to listen to the speakers.
Crypto no longer outsider at famed Miami Beach ETF conference (Fox Business)
Retail Investors Were Behind Recent Crypto Rally
Retail investors were likely responsible for the strong crypto market rally in February, JPMorgan said in a recent research report.
The bank said that the anticipation of “the bitcoin halving event, the next major upgrade of the Ethereum network, and the prospect of approval of spot ether ETFs by the SEC in May” attracted retail participation.
JPMorgan Sees Retail Traders Jump Back Into Crypto Markets in February (Bloomberg)
South Korean Province Collects $4.6M in Crypto Tax
South Korea’s most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders. Using a new system, the province found 5,910 people who owed more than $2262 each. The $4.6 million collected so far has been from only 2,390 people last year.
South Korean province implements digital system to track tax evaders’ crypto (Cointelegraph)
The Bottom Line
The ECB has reiterated its critical stance on Bitcoin, despite the recent approval of spot Bitcoin ETFs, maintaining that Bitcoin’s intrinsic value remains at zero. Meanwhile, Nigeria is taking steps to limit cryptocurrency engagement amid concerns over financial stability.
The post Crypto Headlines of the Week: ECB Slams Bitcoin, Nigeria Blocks Exchanges appeared first on HIPTHER Alerts.
Bolstering Native Food Markets Through Blockchain
The Allan Labor Government is helping to bolster the native foods industry by supporting Traditional Owners with new options to track and sell native foods through blockchain.
Around 70 native foods business practitioners attended the inaugural First Nations Native Food Blockchain Workshop at Healesville last week.
The workshop was delivered by the RMIT Blockchain Innovation Hub in partnership with Agriculture Victoria and the Federation of Victorian Traditional Owners Corporation (FVTOC).
Over two days, the workshop explored the potential for blockchain technology to support positive outcomes for Victorian Aboriginal native food businesses. The workshop also focused on ways in which blockchain can support and uphold Indigenous Cultural Intellectual Property rights for Victorian Traditional Owners.
Blockchain technology offers new abilities for data management and governance by enabling decentralised and tamper-resistant storage. It enables new and unique ways to further enable Aboriginal self-determination and data sovereignty for First Nations people within the native foods and botanicals industry.
The technology also offers a secure and transparent system for tracking product authenticity, with the ability to store and manage traditional knowledge and stories.
This workshop aligns with the objectives of the Traditional Owner Native Food and Botanicals Strategy, developed by the FVTOC and the Victorian Government in 2021, which laid out a plan to create a strong, authentic and sustainable bushfood sector.
Quote attributable to Minister for Agriculture Ros Spence
“This workshop provides more ways to help ensure Victorian Aboriginal native food businesses are equipped with the skills and technology they need to thrive.”
Quote attributable to Minister for Treaty and First Peoples Natalie Hutchins
“This is a great example of Aboriginal businesses coming together to drive a strong and sustainable native food industry and promote economic development.”
Quotes attributable to Gunditjmara Elder Professor Richard J Franklin
‘Blockchain unveils promising pathways for Aboriginal data sovereignty and community empowerment, crucial for uplifting our communities and ensuring improved outcomes.” “I am enthusiastic about the possibilities that blockchain holds, particularly within the native food and botanicals industry. Technology must be one of the many spearpoints we use in charting toward a tomorrow Australia.”
- China Targets Crypto Crimes in Metaverse & Blockchain
- Crypto Headlines of the Week: ECB Slams Bitcoin, Nigeria Blocks Exchanges
- Bolstering Native Food Markets Through Blockchain
- Forex, CFD firm OANDA launches crypto trading in UK
- Flash News: OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool
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- Bybit Celebrates 2 Years of Peer-to-Peer Trading with Special Giveaway
- Bybit’s P2P Platform Sets New Standards for Crypto/Fiat Swaps and Zero Fees
- Flash News: Native Integrates OKX Wallet for Seamless Access
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