Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals

Hi NoRamp Community,

Daily News:

1) Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals

2) Binance Unveils Spot Copy Trading Feature

3) Tokenization’s Next Phase Requires Real-World Data Integration

4) Stripe De-Couples Payments From The Rest Stack

5) ThreatLocker Bags $115M To Bolster Cybersecurity Offerings

Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals:

• Nubank, a leading Brazilian neobank, has launched withdrawal services for Bitcoin, Ethereum, and Solana, allowing customers to send and receive these cryptocurrencies via app-based wallets, enhancing its crypto offerings.

• The bank is gradually rolling out this new feature to ensure a quality user experience, responding to the growing enthusiasm among its users, some of whom now view Nubank as evolving into a crypto exchange.

• With a strong customer base across Latin America and a history of integrating crypto services, Nubank continues to expand its cryptocurrency capabilities, including supporting new coins and enhancing its loyalty program with the launch of its Nucoin token in partnership with the Polygon network.

Binance Unveils Spot Copy Trading Feature:

• Binance, the leading crypto exchange by trading volume, is launching a new spot copy trading tool that allows users to automatically replicate the trades of top traders on the platform, developed from community feedback and designed to automate trading and facilitate the exploration of new strategies.

• The tool, which will gradually roll out to users starting in May, requires lead traders to manage portfolio sizes between 500 USDT and 250,000 USDT, offering them a 10% profit share and a 10% trading commission rebate from their followers.

• The spot copy trading feature will initially be available in select markets across Latin America, Europe, the Middle East, and Asia Pacific, and will include over a hundred spot pairs with more to be added. Binance is also enhancing its automated strategy tools, aiming to help users manage their trading more effectively and reduce emotional decision-making.

  

  Source: Cointelegraph

Tokenization’s Next Phase Requires Real-World Data Integration:

• Chainlink researchers highlight a significant opportunity for asset managers to engage in tokenization, as detailed in their industry report "Beyond Token Issuance," which discusses the integration of interoperability and real-world data to enhance the value of tokenized assets.

• The report outlines several benefits of tokenization for asset managers, including unlocking dormant capital, increasing asset availability, creating innovative revenue models, enhancing service differentiation, unifying client portfolios, and improving automated risk management.

• Looking ahead, Chainlink envisions a more integrated financial ecosystem where traditional and blockchain-based assets merge, driven by the continued digitization and development of foundational infrastructure to make tokenized assets more composable and programmable across various systems and blockchain networks.

Stripe De-Couples Payments From The Rest Stack:

• Stripe, the largest privately-held fintech company, announced a significant change to its business model by decoupling payments from its broader suite of financial services, a move unveiled during its major developer event, Sessions. This change allows customers to use Stripe’s other services, such as fraud and risk management, without needing to commit to its payment processing solutions.

• In response to evolving market demands and customer feedback, Stripe is enhancing its platform with over 50 new features, including a suite of embedded finance tools and advanced AI capabilities to optimize payment methods and improve fraud detection through its new tool "Radar Assistant," which utilizes natural language processing.

• Stripe is expanding its "Stripe Connect" embedded finance offerings to include more tools, like Stripe Capital for loans, addressing competitive pressures in the fintech ecosystem and responding to the growing trend towards integrating financial services into business applications.

ThreatLocker Bags $115M To Bolster Cybersecurity Offerings:

• ThreatLocker, based in Orlando, Florida, has completed a $115 million Series D funding round led by General Atlantic, with additional investments from StepStone Group and the D. E. Shaw group, aimed at fueling product innovation and global expansion.

• The cybersecurity firm is dedicated to enhancing IT security through a Zero Trust approach, offering comprehensive protection features such as Default Deny Application Control, Ringfencing™, Storage Control, and Network Access Control, alongside advanced solutions like Endpoint Detection & Response (EDR) and Managed Detection & Response (MDR).

• With the new funding, ThreatLocker plans to refine and expand its Zero Trust security solutions, building on significant growth over the past year that included doubling its revenue and expanding its workforce by 50%, serving over 50,000 organizations globally in sectors like finance, healthcare, and aviation.

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