Square is pushing back against crypto patent hogs, Binance is doubling down on DeFi and what’s the story with crypto’s latest attempt at a backdoor public listing.
Square, the bitcoin-friendly payments company, is building an “alliance” to pool crypto patents and preserve the industry’s open-source spirit. The non-profit Cryptocurrency Open Patent Alliance (COPA) aims to stop companies from locking up useful technologies in patents, a practice Square says hamstrings innovation and stifles crypto adoption. Members must pledge to make their patents freely available to all other members using a shared library.
Binance is connecting its decentralized Binance Smart Chain (BSC) to its centralized exchange (CeFi) and pumping $100 million into decentralized finance (DeFi) projects built on BSC. This “bridge” between DeFi and CeFi will essentially offer DeFi access to Binance users who don’t want to leave the exchange, CoinDesk’s Muyao Shen reports.
European Central Bank (ECB) President Christine Lagarde said Europe has fallen behind in the digital currency (CBDC) race. Speaking at a Deutsche Bundesbank’s conference, Lagarde said a digital euro would allow the bloc to be at the cutting edge of innovation, but the lack of payments integration in Europe indicated that foreign providers have taken the lead. Separately, France’s central bank governor said a public/private partnership would be the best way to issue a CBDC to retail users.
Uniswap topped August’s record high trading volume in the first 10 days of September, reaching $6,729,691,041 mid-morning on Thursday, leaving almost three weeks to push further into record territory. Last month’s $6.7 billion in traded volume was the leading decentralized exchange’s fourth consecutive all-time monthly high. Liquidity on Uniswap, however, has dropped by over 60% to $619 million since Tuesday as the popular SushiSwap project…