Celsius Network Incorporates Bitcoin.com Platform to Streamline Services

Last September, news broke that Celsius Network was planning to manage the Sustainable Development Goals Impact Fund within the United Nations’ Sustainable Development Goals initiative. Within the partnership with Fifth Element, Celsius Network was reportedly looking to “bring power back to the people” by providing banking services typically reserved for top tier asset owners.

Per a press release published on Aug. 15, Celsius has integrated Bitcoin.com’s trading platform into its Celsius App to simplify cryptocurrency holders’ access to financial services. Users can now purchase a range of major cryptocurrencies including Bitcoin, Bitcoin Cash (BCH) and Ether (ETH) through Celsius App using Bitcoin.com’s crypto trading platform.

A new partnership between crypto lending and borrowing platform Celsius Network and fintech-focused media outlet Bitcoin.com aims to streamline digital currency-related services for crypto owners using the Celsius App.

The release also hints that the companies expect further collaborative projects. Commenting on the partnership, CEO of Celsius Network, Alex Mashinsky said:

“Allowing our community to access Bitcoin.com’s platform through the Celsius app is a major step toward simplifying the cryptocurrency onboarding process and undoubtedly will help bring the next 100 million people into cryptocurrency. We look forward to cultivating our partnership with Bitcoin.com to provide even greater rewards for our communities.”

As of the beginning of August 2019, Celsius Network had topped $300 million in coin deposits in the course of the preceding 12 months and had completed over $2 billion in coin loan origination. The company said:

“Celsius paid more in earned BTC and ETH than anyone returning up to 80% of its revenue to depositors, compared with Binance BNB returning 20% of profit as buyback and Nexo distributing 30% as a dividend.”

Cardano Founder Charles Hoskinson Announces Upcoming Release of v1.6

Charles Hoskinson, a co-founder of the Ethereum Network and current CEO of IOHK, has announced that IOHK-created project Cardano is rolling out version 1.6 within a few days’ time.

Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK.

As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is based on the functional programming language Haskell. Daedalus, for its part, is the only cryptocurrency wallet that supports ADA. Additionally, the website states that Daedalus can also be used as a wallet manager to organize and provide backup for other wallets and their assets.

A new project for Hoskinson

As previously reported by Cointelegraph, Hoskinson announced during the blockchain conference Consensus 2019 that he would be working on a new project with the security token platform Polymath. The project is called Polymesh, and is reportedly an attempt to create a blockchain for tokens centered on meeting regulatory requirements. In the announcement, Hoskinson said:

“After co-founding Ethereum and Cardano, two of the most widely used blockchains in the world, I am looking forward to working on Polymesh. There are quadrillions of dollars of financial securities, and building a blockchain to secure them is an incredibly exciting task.”

Cynicism toward Facebook’s Libra

Hoskinson has also commented in the past on how he believes Libra is not going to succeed in its global aims, particularly within emerging markets. In an interview late June, he commented:

“Facebook has to come into countries it doesn’t know a lot about and convince them to enslave themselves to an economic monopoly and give nothing in return. And their only pitch is that you’ll pay less on fees. … I’m going there and saying, ‘we’re going to rebuild all your systems so you have fraud-free land registration, better voting systems and improved supply chains.’ We’re already doing this stuff but it took years. These are relationship-based markets – and Facebook doesn’t have those relationships.”

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