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Ripple will develop a line of DeFi products using the XRP token

With the acquisition of the Logos Network platform, Ripple intends to develop a range of decentralized finance (DeFi) products, according to CoinDesk. Previously, the Logos team worked on payment solutions based on the Bitcoin blockchain, focusing on issues of scalability and network performance. With the acquisition of the new platform, Ripple hopes to create derivatives, landing solutions, futures and forwards using the XRP token. “We invested in […]

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With the acquisition of the Logos Network platform, Ripple intends to develop a range of decentralized finance (DeFi) products, according to CoinDesk .

Previously, the Logos team worked on payment solutions based on the Bitcoin blockchain, focusing on issues of scalability and network performance. With the acquisition of the new platform, Ripple hopes to create derivatives, landing solutions, futures and forwards using the XRP token.

“We have invested in DeFi companies in the past, including Securitize and Dharma. However, now this is the area where we are creating , ”said Ethan Bird, senior vice president of Xpring's investment division.

To date, Xpring has invested or allocated about $ 500 million in grants to 20 different companies. In particular, in August, Coil, which monetized web content, received 1 billion XRP ($ 260 million at the exchange rate at that time).

The transaction amount for the acquisition of Logos Network is not disclosed.

Recall that recently, Ripple, through its Xpring division, invested in Coinme, an American provider of bitcoin ATMs.

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Los Accionistas e Inversores de Zipmex Quieren que el CEO Marcus Lim Dimita

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Los Accionistas e Inversores de Zipmex Quieren que el CEO Marcus Lim Dimita

El Tribunal Superior de Singapur ha dado permiso a Zipmex, una empresa de intercambio de criptomonedas, para detener temporalmente sus operaciones comerciales durante un período de tres meses. Durante este tiempo, los acreedores no podrán emprender acciones legales contra la empresa, ya que no tendrán capacidad para hacerlo.

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Pactual, el Mayor Banco de Inversión de América Latina, Lanza una Plataforma de Negociación de Criptomonedas

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Pactual, el Mayor Banco de Inversión de América Latina,Lanza una Plataforma de Negociación de Criptomonedas

Los últimos meses en Brasil han sido testigos de un frenesí de estrenos de productos relacionados con las criptomonedas, o al menos de anuncios, en todo el país. Un importante banco de inversión en América Latina, BTG Pactual, lanzó su plataforma de comercio de criptomonedas, Mynt, el mismo día que una institución financiera competidora, XP.

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Do Kwon Habló al Público sobre el Colapso de Terra

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Do Kwon Habló al Público sobre el Colapso de Terra

Coinage Media entrevistará a Do Kwon tras el colapso de Terra Luna. En el teaser, Kwon comienza diciendo: «Se suponía que Terra era una Stablecoin, y no se mantuvo estable. Por lo tanto, debe ser un fraude, y debe ser una estafa. Las criptomonedas son todavía una especie de salvaje oeste. Creo que he desarrollado una especie de alter ego».

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