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Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
26.8.2023
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July...
South African Official: Common Currency Requires Central Bank, Threatens Monetary Policy Independence
26.8.2023
South Africa’s minister of finance has explained why he believes that no country is ready for a common currency, including a unified BRICS currency. “Setting up a common currency presupposes setting up a central bank, and that presupposes losing independence on monetary policies, and I don’t think...
Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts
25.8.2023
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S
Multichain $1.5B hack investigation, Shibarium eyes relaunch, Base, Optimism join hands: Finance Redefined
25.8.2023
Top-100 DeFi tokens had another mixed week, with most of the tokens trading in a similar range as last week with minor price fluctuation
Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service
25.8.2023
Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles, the country’s native currency
Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth
25.8.2023
Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
25.8.2023
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets
Palau’s Stablecoin Audit Process Advances
25.8.2023
Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he was ready to show auditors that every transaction...
Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading
25.8.2023
The crypto exchange is conducting a "risk management initiative" targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs
Magnate Finance Website Goes Offline as Users Fear $6.4 Million Exit Scam
25.8.2023
Magnate Finance on Base has deleted its Telegram group and took its website offline earlier today, sparking fears of a yet another exit scam.
Magnate Finance, which holds $6.4 million in Total Locked Value, has ties with other financial exit scams.
Blockchain analyst ZachXBT also warned of...
BRICS Leaders Declare Importance of Using Local Currencies in International Trade
25.8.2023
The BRICS leaders stress “the importance of encouraging the use of local currencies in international trade and financial transactions” in their declaration released at the conclusion of their 15th annual summit. In addition, the BRICS nations have tasked their finance ministers and central...
Num Finance launches Colombian peso stablecoin on Polygon
25.8.2023
Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia
Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
24.8.2023
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies
Coinbase Is Talking With Canadian Banking Giants to Promote Crypto
24.8.2023
U.S.-based crypto exchange Coinbase is in talks with Canadian banking giants, trying to convince them to support the crypto ecosystem in that nation, which the company recently entered as it grapples with regulatory uncertainty in its home country
Binance to Withdraw Debit Card in Latin America, Middle East
24.8.2023
The cryptocurrency exchange said the card service will terminate Sept. 21
Binance Labs merge with Pendle Finance: Scaling DeFi Yield & LSDfi
24.8.2023
Pendle Finance, a DeFi protocol that specializes in tokenizing and trading yield-generating assets, has been acquired by Binance Labs, its venture capital and incubation group. This further shows how serious Binance Labs is in pushing forward projects that seem to be very promising and have...
BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says
24.8.2023
The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for example, but not a single currency like the euro...
Pendle Finance Users Can Now Profit From Real World Assets
24.8.2023
Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product
Membrane Finance launches EUROe on Solana
24.8.2023
Membrane Finance has announced the launch of the Euro stablecoin, EUROe, on Solana. The reason for choosing the Solana network is its advantage of high performance and low fees. Not just EUROe, Membrane Finance has also made available an option for card payment on the blockchain. The Euro...
SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton
24.8.2023
London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that will grants B2C2 access to licenses, allowing it to operate in the EU