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Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
17.1.2023
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a...
Masa Finance launches soulbound Web3 identity protocol for Ethereum
17.1.2023
According to the developers, the soulbound credit score system uses over 10,000 data points to determine a Web3 user’s creditworthiness
2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week
17.1.2023
The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin...
10 practices crypto can borrow from TradFi to better protect customers
17.1.2023
The crypto industry would be wise to learn from and adopt the proven principles and processes TradFi relies on to protect consumers
'I thought SBF was the Mark Zuckerberg of crypto,' says Anthony Scaramucci
17.1.2023
Anthony Scaramucci said blockchain "skepticism is usually born from a lack of knowledge," while sharing his crypto holdings of Bitcoin, Ether, Solana and Algorand
SEC of Thailand issues crypto custody provider rules
17.1.2023
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of occurrence of any unforeseen events
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
17.1.2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year....
Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network
17.1.2023
Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment...
CoinFLEX clarifies position on possible new 3AC project amid backlash
17.1.2023
The pitch deck for the exchange was leaked to the media and had been criticized for involving failed crypto hedge fund Three Arrows Capital
How crypto tokens (not Bitcoin) will outperform stocks in 2023, Arca’s CIO explains
16.1.2023
Some crypto tokens will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to CIO at Arca Jeff Dorman
Binance to let institutions store crypto with cold custody
16.1.2023
The new Mirror service is based on Binance Custody, a regulated institutional digital asset custodian, by mirroring cold storage assets through a 1:1 collateral on Binance
CBDCs not worth the costs and risks, says former BoE advisor
16.1.2023
Tony Yates, the former senior advisor of the Bank of England, argues that CBDCs are not worth the headache
Bitcoin vs Ethereum: Community split between capped supply and deflationary model
16.1.2023
Bitcoin proponents argued that Ether's monetary policy has changed at least seven times while BTC has seen zero changes
Bithumb ordered to pay outage damages to investors by South Korean court
16.1.2023
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange
Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’
16.1.2023
India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization...
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
15.1.2023
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based...
Navigating the World of Crypto: Tips for Avoiding Scams
15.1.2023
From "pig butchering" to phishing, there are myriad ways that scammers try to take advantage of crypto users
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia
15.1.2023
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts...
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme
14.1.2023
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back...