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Today in Crypto: Quantstamp Reveals DeFi Protection Product That Reimburses Losses, Polygon Proposes Protocol Council, Bitdeer Announces $2 Million Share Repurchase Program

today 10/19/2023
Quantstamp has introduced a new security product called DeFi Protection, which will compensate users for any losses they incur due to a gap in Quantstamp's security services. The product checks the safety of smart contracts, alerts users to potential threats, and offers 24/7 support from security auditors. Users can select the protocols they want to protect, the duration of protection, and the maximum reimbursement amount before paying in USDC. Initially, Aave, Compound, Curve, Lido, and Uniswap will be available, with more protocols to be added later. The program is regulated by the North Carolina Department of Insurance, allowing it to legally serve US residents. Polygon has proposed the creation of a Protocol Council to ensure decentralized governance for existing and future Polygon protocols. The Council will consist of 13 members, including representatives from the Ethereum Foundation, Coinbase, and EthCC. They will be responsible for making limited changes to smart contracts implemented on Ethereum for Polygon protocols. The proposed members include individuals such as Jordi Baylina, Anthony Sassano, Mariano Conti, and Justin Drake. Bitdeer Technologies Group, a Bitcoin mining company, has approved a share repurchase program worth $2 million. The program will be effective until April 17, 2024, and the company plans to fund the repurchases from its existing cash balance. The aim of the program is to minimize the impact on the company's share price and generate long-term returns for shareholders. KuCoin has launched Futures 2.0, an upgraded futures trading platform with new features. The index and mark price have been made more stable and better suited to market conditions, and clearing is faster and more stable. For professional traders and institutions, a new application programming interface (API) rate has been introduced, which is twice as fast as before. Self-Trade Protection (STP) will also be launched soon to improve the trading experience. Bitstamp has released an e-book called "Crypto Categories Unveiled," which simplifies the complex landscape of cryptocurrencies into 14 distinct categories. The e-book aims to help newcomers and experienced traders understand the different use cases of cryptocurrencies and how they are impacting various industries. SCB 10X, the venture building and investment arm of SCBX Group, has announced the upcoming Bangkok AI Hack 2023. The event will bring together AI enthusiasts specializing in AI/ML Engineering, Data Science, and Entrepreneurship to develop innovative products and proofs-of-concept under the theme of 'Unleashing the Power of AI.'
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