In the world of cryptocurrency today: Bitdeer announces a $2 million share repurchase program; Polygon proposes a Protocol Council; and Quantstamp unveils a DeFi protection product that reimburses losses.

In the world of cryptocurrency today: Bitdeer announces a $2 million share repurchase program; Polygon proposes a Protocol Council; and Quantstamp unveils a DeFi protection product that reimburses losses.

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News on security.

A new security product called DeFi Protection, which will compensate users for their Decentralized Finance (DeFi) losses resulting from a breach in Quantstamp's security services, was unveiled by blockchain security company Quantstamp. According to the press release, DeFi Protection verifies the security of smart contracts, notifies users of any threats, and offers security auditor support around-the-clock. Before making a USDC payment to sign up for the service, users choose which protocols to protect, how long to protect them for, and how much money they want reimbursed. Uniswap, Aave, Compound, Curve, and Lido will be accessible at launch, and additional protocols will be added soon. Support for the program is provided by insurance technology partner Tint and regulated primary insurance carrier Chainproof, which specializes in smart contracts and risk reduction. Enabled to lawfully serve residents of the United States, the guarantee program is overseen by the North Carolina Department of Insurance. Before making a purchase, users must demonstrate their US residency through a KYC/AML check via the Web3-native solution Quadrata, according to the statement.

Blockchain updates.

In order to provide decentralized, community-led governance for both current and upcoming Polygon protocols, Polygon suggested creating a Protocol Council. In reaction to the comments received, PIP (29) presents the suggested formation of a Council. The announcement states that the Council is a community-governed organization with 13 members, including representatives from the Ethereum Foundation, Coinbase, and EthCC .. "They are responsible for the significant timelock-limited changes to smart contracts implemented on Ethereum for both current and future Polygon protocols," the announcement reads. Anthony Sassano, Justin Drake, Mudit Gupta, ZachXBT, Jerome de Tychey, Zaki Manian, Viktor Bunin, Mehdi Zerouali, Liz Steininger, L2Beat, and Gauntlet are among the suggested members. Members will implement modifications to the Polygon blockchain infrastructure by acting through a Gnosis Safe contract.

In order to guarantee decentralized, community-led governance for both current and future Polygon protocols, a Protocol Council was suggested. In reaction to the comments received, PIP (29) presents the suggested formation of a Council. The announcement stated that the Council is a 13-member community-governed body that includes representatives from the,, and .. "They are responsible for the timelock-limited, narrowly-scoped, but important changes to smart contracts implemented on for existing and future Polygon protocols," the announcement stated. Jordi Baylina, Anthony Sassano, Mariano Conti, Justin Drake, Mudit Gupta, ZachXBT, Jerome de Tychey, Zaki Manian, Viktor Bunin, Mehdi Zerouali, Liz Steininger, L2Beat, and Gauntlet are among the suggested members. To implement modifications on the Polygon blockchain infrastructure, members will act via a contract. "A next-generation blockchain-based tech stack aimed at transforming the landscape of brand loyalty," Loyalty+ was announced by Web3 pioneers Co:Create, Smart Token Labs, Cookie3, and Crossmint in partnership with Web3 solutions firm Insomnia Labs. With the help of cutting-edge Web3-based technologies like blockchain, non-fungible tokens (NFTs), and artificial intelligence (AI), the new initiative gives brands the chance to modernize their current loyalty programs and provide a fresh take on the industry standard. According to the statement, Loyalty+ guarantees interoperability between blockchain-based rewards and conventional platforms, offers a single online portal through which users can access, view, and redeem points from multiple loyalty programs, and incorporates gamification to increase user engagement.

News about mining.

Bitdeer Technologies Group, a bitcoin mining company, announced that the board of directors had approved a new share repurchase program that would enable the company to buy back up to $2,000,000 worth of Class A ordinary shares. The program will run from April 17, 2024 to April 17, 2024. As per the press release, Bitdeer has the option to acquire its shares through multiple channels, such as open market transactions, privately negotiated transactions, or any combination of these, or any other legally permissible methods. "By gradually executing the share repurchase program, Bitdeer seeks to generate greater long-term returns for its shareholders and minimize the impact on its share price," the statement continued, indicating that the company intends to finance the repurchases from its current cash balance. ".".

Share news.

Futures 2.0, an enhanced Futures trading platform with all-new features, was introduced by KuCoin. The press release states that the trial funds are new user-friendly with easier access to rewards; this feature is expected to go live soon. The index and mark price are now more stable and better suited to the state of the market, and clearing is faster and more stable. According to the exchange, a new application programming interface (API) rate was implemented for professional traders and institutions with a limit that matched the industry standard. It was implemented two times faster than previously and is expected to increase by ten times in the near future. To facilitate more effective trade, more useful APIs will be created and made available. The trading experience will be "largely" enhanced by the upcoming implementation of Self-Trade Protection (STP), according to the statement.

Declared the release of a new trading platform for futures that has been upgraded and has additional features. The press release states that the trial funds are new user-friendly with easier access to rewards; this feature is expected to go live soon. The index and mark price are now more stable and better suited to the state of the market, and clearing is faster and more stable. An application programming interface (API) rate that is two times faster than before and aims to increase by ten times in the near future has been introduced for professional traders and institutions, according to the exchange. The rate matches the industry standard. More useful APIs will be created and made available to support more effective trade. It also stated that Self-Trade Protection (STP) will soon be available, "largely" enhancing the trading experience. Developed by a broad group of specialists from Bitstamp's worldwide business, the e-book "Crypto Categories Unveiled" is now free to download on Amazon Kindle and can be found in PDF format at Bitstamp.net. Bitstamp announced the release of this book. With just 14 different categories—including stablecoins and NFTs—the exchange sought to streamline the complicated world of over 20,000 cryptocurrencies and tokens. These categories are intended to act as a guide for novice and seasoned traders alike, "facilitating readers' understanding of the diverse applications that cryptocurrencies provide and the ways in which they are revolutionizing the domains of finance, investment, entertainment, and other areas.". "."

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