Leading cryptocurrency exchange Binance has launched a native blockchain oracle service to enable smart contracts to run on real-world inputs and outputs. The service is first launching within the BNB Chain ecosystem.

Cryptocurrency-friendly bank SEBA has launched a non-fungible token (NFT) custody solution that gives customers the ability to hold well-known NFTs without managing the private keys themselves.

Multi-billion-dollar asset manager Stone Ridge has launched a startup accelerator focused on the Bitcoin Lightning network.

Sponsored: Crypto trading platform Quadency has launched its native exchange QUADX, marking the second of 3 major platform upgrades that began in early 2022.

Top stories in the Crypto Roundup today:

• Binance Launches Blockchain Oracle Network
• Crypto Bank SEBA Launches Ethereum NFT Custody Service for Institutions
• Multi-Billion-Dollar Asset Manager Launches Accelerator for Bitcoin’s Lightning Network
• What is Cardano (ADA)?
• Sponsored: Quadency Launches Simplified Trading with Built-in Exchange, QUADX

Binance Launches Blockchain Oracle Network

Leading cryptocurrency exchange Binance has launched a native blockchain oracle service to enable smart contracts to run on real-world inputs and outputs. The service is first launching within the BNB Chain ecosystem.

In an announcement, Binance detailed that it sees “tremendous opportunity within the field of blockchain oracles” and believes that contributing to the sector will “allow the BNB Chain ecosystem and the larger digital asset space to flourish for the benefit of users.”

Binance’s Oracle service is set to “support multiple blockchain partners within the BNB Chain ecosystem.” The service is designed to assist smart contracts that require off-chain data inputs to execute.

Initially, the oracle will support index prices for the most popular digital assets through numerous components, which includes sourcing data from centralized exchanges, data aggregation,perpetual monitoring, and more

A blockchain oracle is a service that allows smart contracts to access data from the real-world and execute based on off-chain inputs. The data could be anything, from market data to weather reports. Oracles can also allow users to receive and send data.

Crypto Bank SEBA Launches Ethereum NFT Custody Service for Institutions

Cryptocurrency-friendly bank SEBA has launched a non-fungible token (NFT) custody solution that gives customers the ability to hold well-known NFTs without managing the private keys themselves.

The Switzerland-based financial institution will enable clients to store any Ethereum-based NFTs. A spokesperson for SEBA Bank was quoted as saying:

“SEBA Bank is proud to be the first regulated bank to offer NFT custody and we believe that in the coming years, digital assets, including NFTs, will gain adoption and will be increasingly accepted even by traditional finance operators.”

SEBA is specifically looking to target the “blue-chip” portion of the NFT market, meaning collections that are well-known and have consistently maintained a high market value. The service is available for institutional and professional investors.

Multi-Billion-Dollar Asset Manager Launches Accelerator for Bitcoin’s Lightning Network

Multi-billion-dollar asset manager Stone Ridge has launched a startup accelerator focused on the Bitcoin Lightning network.

The program, called Wolf, is taking applications for its first cohort, with each participating tam receiving $250,000 in funding as well as advisory services from Stone Ridge and its subsidiary company NYDIG.

Other venture capitalists and Bitcoin-focused companies will be looking to make potential investments and provide advisory services to cohort members. Only companies building on the Lightning Network and on Taro, which enables the launch of new digital assets like collectibles on Bitcoin, will be allowed into the program.

What is Cardano?

Cardano (ADA) is a Proof-of-Stake (PoS) blockchain that’s designed to be flexible, sustainable, and scalable. It supports smart contracts, allowing for the creation of decentralized applications (dApps), tokens, and more on its network.

The Cardano network aims to be the most environmentally sustainable blockchain platform through the use of its Proof-of-Stake consensus mechanism called Ouroboros, which allows ADA token holders to help validate transactions by “delegating” their tokens to staking pools run by validators.

The blockchain is divided into the Cardano Settlement Layer (CSL), which contains the accounts and balances and is where the Ouruboros consensus mechanism validates transactions, and the Cardano Computing Layer (CCL), which is where the computations for decentralized applications built on top of Cardano are run.

Quadency Launches Simplified Trading with Built-in Exchange, QUADX

Crypto trading platform Quadency has launched its native exchange QUADX, marking the second of 3 major platform upgrades that began in early 2022. Now, traders and investors across the globe and select US states can access the best of DEX and CEX trading at better prices, from one unified platform.

The first phase of upgrades saw the introduction of QUAD, a high-utility platform token providing both discounts and rewards for Quadency users. The new instant buy/sell feature for leading cryptocurrencies like Bitcoin, Ethereum, and Solana further expands QUAD’s utility to ensure extra savings for traders.   

How QUADX Helps Investors

With no-fee trading to celebrate the QUADX launch, traders can now quickly buy and sell top crypto assets through a simplified user interface within their Quadency account. 

While the new instant trade feature makes it easier than ever to build your crypto portfolio, investors can also continue linking existing accounts from most top exchanges like Binance and FTX to trade and monitor all their assets from one place. 

Quadency’s popular advanced order types and bots like DCA or Portfolio Rebalancer will be available directly on QUADX soon after launch, among a number of enhancements to help traders during this challenging bear market:

• more top cryptocurrencies supported for no/low fee ‘instant trade’ support
• deeper, aggregated liquidity to ensure the best price on your trades
• expanded portfolio monitoring coverage to track assets wherever they’re held 

Removing the complexities and friction found in crypto trading has been a key priority for the Quadency team, and each phase of upgrades reflects those improvements. QUADX provides a new avenue to drive value for existing investors, while bringing in new traders who want a simple yet powerful way to trade crypto. 

Please note QUAD Token is not available to US users at this time.

Disclaimer: Cryptocurrencies are unregulated. Cryptocurrency profits may be subject to Capital Gains Tax. The value of investments is variable and can go down as well as up

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