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Citigroup Unveils Token Services for Institutional Clients
19.9.2023
In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority
Binance Staked Ether Experiences $573M in Inflows This Month
19.9.2023
Binance's staked ether token (BETH) experienced $573 million in deposits across two single days in September, more than quadrupling total value locked to $731 million, DefiLlama data show
Activision Says Switch 2's Power Is Akin To PS4, Xbox One
18.9.2023
As reports that a Nintendo Switch successor is inbound become more commonplace, we’re learning more about what we can likely expect from the company’s next console. Maybe this was to be expected, but new details suggest that the performance of the Nintendo Switch 2—or whatever it ends up being...
Chainlink’s LINK Soars, Outperforming Other Crypto Majors
18.9.2023
The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions
Coinbase Receives $1 Million Amid Crypto Hack, Yet Victims Await Compensation – What's Going On?
18.9.2023
Coinbase, the largest US cryptocurrency exchange, has raked in $1 million in profit from the recent hack of DeFi platform Curve Finance.
The exchange has not yet returned the funds, which some argue belong to the victims of the hack, claiming that it is not obligated to do so.
The incident...
Fully-Insured Crypto Staking Service in the Works by German Finance Leaders
18.9.2023
Boerse Stuttgart Digital, the crypto-focused division of the Stuttgart Stock Exchange, has revealed plans to launch a fully insured cryptocurrency staking service.
Boerse Stuttgart Digital is a subsidiary of the Boerse Stuttgart Group, which calls itself Europe's sixth-largest stock exchange...
Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds
18.9.2023
Most of the firm's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans
Decentralized finance needs alternatives to blockchain
18.9.2023
Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems
Dex Trade Volumes Plunge 37% Since May; September Volumes Could Be Even Lower
18.9.2023
After capturing $66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $41.7 billion. Metrics for the first half of September do not show improvement, with decentralized exchange trade volumes at about...
Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
18.9.2023
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space
Crypto Community Skeptical of Blackrock’s XRP Pivot Rumors
18.9.2023
Many crypto proponents have warned that despite a small connection between Blackrock and XRP, the news of the world’s largest asset manager shifting focus from bitcoin to XRP is fake. Blackrock is currently waiting for the U.S. Securities and Exchange Commission (SEC) to greenlight its spot...
DeFi economic activity drops 15% in August: VanEck
16.9.2023
According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5% lower than in July
XRP & SHIB dominate trading on WazirX, Borroe.Finance attracts more investors
16.9.2023
$XRP and $SHIB holders are celebrating after being named India’s top 5 most traded cryptocurrencies. Since its victory over the SEC, $XRP’s popularity has increased. Likewise, Shiba Inu ($SHIB) is also in the headlines for the giant strides of its newest Shibarium network. Yet, experts...
Deutsche Bank Teams Up With Swiss Crypto Firm to Offer Digital Asset Services
16.9.2023
Deutsche Bank, the largest bank in Germany by total assets, is collaborating with Swiss digital asset firm Taurus to provide clients with crypto custody and tokenization services. “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one...
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
15.9.2023
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies
Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know
15.9.2023
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services.
The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA...
German Finance Heavyweights Develop Fully-Insured Crypto Staking Offering, Plan 2024 Release
15.9.2023
Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, has already obtained a digital asset custody license in Germany
BitGo, Swan to Form Bitcoin-Only Trust Company
15.9.2023
"It's important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin," Cory Klippsten, CEO of Swan, said
Bitcoin Miner F2Pool Returns 19.8 BTC to Paxos After Overpaid Fee
15.9.2023
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week
Russia Considers Legalizing Defi DAOs to Draw Liquidity to Its Digital Assets Market
15.9.2023
The Finance Ministry in Moscow is pushing to legalize decentralized financial organizations to attract capital to Russia’s regulated market for digital assets. The department hopes this would allow some of the liquidity in the decentralized finance (defi) and crypto space to be invested in Russian...