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Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
13.10.2021
On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized...
Report: EA In A Messy Fight Over FIFA License, Money
13.10.2021
Last week EA hinted that it might be renaming its massively popular FIFA series. Now we know why. According to a new report by The New York Times, the International Federation of Association Football is asking the sports publishing giant to pay $1 billion for exclusive rights to the FIFA brand...
Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin
13.10.2021
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points...
Major Turkish Crypto Exchange Coinzo Shuts Down
12.10.2021
Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money. Another of Turkey’s...
Elrond to Acquire Capital Financial Services S.A, Owner of First e-Money License in Romania, Pending Approval of Romania’s National Bank
12.10.2021
Sibiu, Romania, October 12, 2021 – Elrond Network, the European startup developing groundbreaking internet-scale blockchain technology, announced today the acquisition of Capital Financial Services S.A. (operated under the Twispay brand), a company licensed to operate an Electronic Money...
Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding
12.10.2021
Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company
Local Stablecoin ‘Crackdown’ Builds a Case For Decentralized Money
11.10.2021
vernment in the North Jeolla Province city had announced a “crackdown to eradicate the illegal distribution of” the Iksan Dairom token. The blockchain-powered coin makes use of technology provided by the telecoms giant KT and its smartphone-based Good Pay ecosystem.Similar KT-led projects are
Akt.io Shows How DeFi Is Shaping the Future and Why Financial Institutions Are Ripe for Disruption
11.10.2021
Investing has become mandatory for those who want to secure their financial future. Despite this need, the accessible alternatives for those wanting to put their money to work are few. Akt.io will change this and democratize the world of investing. Why do you need investments? With current accounts...
Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering
8.10.2021
Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions...
Magic Internet Money races past $1B, sets sights on MakerDao
8.10.2021
Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings
Phemex Is a Rebellion Against Traditional Finance, and It’s Winning
7.10.2021
Wall Street is often touted as the place where dreams come to life, but the world’s economic epicenter can also be an absolute nightmare. From brokers screaming at each other across trading floors to the modern electronic trading systems of today, money talks in Wall Street. However, while...
US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’
7.10.2021
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money...
Crypto Enforcement Team, Pepsi CFO on Bitcoin, Institutional Metamask + More News
6.10.2021
r noreferrer" href="https://www.reuters.com/world/us/us-justice-dept-launches-new-initiatives-cryptocurrencies-contractor-hacks-2021-10-06/">reported. The group will include a mix of anti-money laundering and cybersecurity experts, per the report.The IOSCO group of securities regulators and the
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
6.10.2021
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial...
Brazil aims to tighten penalties for crypto-related financial crimes
4.10.2021
The penalties are part of a new piece of legislation that also regulates crypto trading and payments
Money in 2030: A future where DeFi and CBDCs can work together
3.10.2021
In coexistence with mutual benefits, decentralized finance and central bank digital currencies will finally make money universally available worldwide
Banker Faces 10-year Jail Term after Borrowing Money in Mother’s Name to Buy Crypto
1.10.2021
aded guilty to violating the Act on the Aggravated Punishment of Specific Economic Crimes.The court heard that A has “illegally borrowed” over USD 2.3m worth of fiat KRW “in the name of his mother and other relatives” in a period from October 2019 to March 2020 while working in the loans depa
Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency
1.10.2021
The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash....
How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds
30.9.2021
According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading...
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...