Klever Weekly Newsletter - May 21
Klever CTO Bruno Campos presents the first edition of our Technical Development Progress Report, KLV goes live on Coinsbit, Klever Swap lists Binance-USD (BUSD), Telcoin (TEL), Reef Finance (REEF).
Technical Development Progress Report, by Klever CTO Bruno Campos
This is the first edition of our Technical Development Progress Report where each week we'll give you a direct insight into what the Klever dev team is building behind the scenes.
I'm feeling both honored and humbled to write Klever’s first Technical Development Progress Report to all of you. So many things are going on behind the scenes. Our development team is building nonstop, and we’re excited to commence this new series to give our amazing global community essential insight into what’s being built on the tech side of the Klever ecosystem. - Bruno Campos (Klever CTO)
This first edition brings in-depth analysis of the following ongoing projects:
Klever Hardware Wallet
Click below to stay on top of our technical progress and everything we are building!
KLV Goes Live On Coinsbit
Klever is happy to announce that KLV was listed on the EU-based crypto exchange Coinsbit on May 20 with three trading pairs.
Launched in August 2018, Coinsbit is a centralized exchange based out of Estonia. The team claims that the number of Coinsbit users is 2,000,000. Coinsbit supports cryptocurrency trading, 6 fiat gateways and OTC trading, as well as providing a P2P-lending platform.
Being based in the European Union, Coinsbit also works under EU regulation policy and enjoys a Trust Score of 8/10 by Coingecko.com.
Klever Swap Lists Binance-USD (BUSD)
Klever Swap has officially listed Binance-USD (BUSD) for both BEP2 and BEP20 networks with 8 direct trading pairs as part of its growing list of available tokens for instant swap from ETH, TRX, and BSC blockchains in the Klever app:
BUSD/KLV, BUSD/BTC, BUSD/ETH, BUSD/TRX, BUSD/USDT (ERC20), BUSD/USDT (TRC20), BUSD/KBTC, BUSD/KETH
Binance-USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos) The coin is approved and regulated by the New York State Department of Financial Services. Launched in September 2019, BUSD aims to combine the stability of the dollar with blockchain technology.
Klever Swap Lists Telcoin (TEL)
Klever Swap has officially listed Telcoin (TEL) with 8 direct trading pairs in Klever app:
TEL/KLV, TEL/BTC, TEL/ETH, TEL/TRX, TEL/USDT (ERC20), TEL/USDT (TRC20), TEL/KBTC, TEL/KETH
Telcoin (TEL) is an ERC-20 token based on the Ethereum blockchain. The project aims to partner with leading names in the telecoms industry like Verizon and AT&T to remove the hassle that exists between billing platforms and mobile money. The main focus of Telcoin is the remittance market, where Western Union is the clear leader.
Klever Swap Lists Reef Finance (REEF)
Klever Swap has officially listed Reef Finance (REEF) for the BEP20 (Binance Smart Chain - BSC) network with 10 direct trading pairs in Klever app:
REEF/KLV, REEF/BTC, REEF/ETH, REEF/TRX, REEF/USDT (ERC20), REEF/USDT (TRC20), REEF/KBTC, REEF/KETH, REEF/BUSD (BEP2), REEF/BUSD (BEP20)
Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project's offerings. Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Bitcoin-based chain, which some claim renders DeFi protocols "unusable".
Elon Musk vs Bitcoin Maxis
A tumultuous Bitcoin and crypto market is what followed a public spat between the world's richest man, Elon Musk, and Bitcoin maximalists. This is how it went down.
Tesla CEO and SpaceX founder Elon Musk tweeted that Tesla will not be accepting BTC as a payment method anymore due to the increasing use of fossil fuel for Bitcoin mining and transaction validation. Tesla is now looking for cryptocurrencies that use less than 1% of Bitcoin's energy used.
Several attempts have been made in the past to fork Bitcoin in order to achieve just that. These attempts include Bitcoin Cash, Litecoin, DigiByte, and others, without ever being able to be remotely close to threatening Bitcoin’s hegemony as the dominant force in crypto.
Click below and understand the two sides of this coin.
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