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Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
5.4.2024
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...
Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval
5.4.2024
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28.
The post Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval appeared first...
The Avalanche Foundation releases its Icebreaker Program
5.4.2024
The Avalanche Foundation releases its Icebreaker Program to empower the Avalanche ecosystem’s growth by broadening the Avalanche Foundation’s on-chain functions. This is a step towards furthering inventiveness, backing upcoming projects, and becoming the basis for Avalanche’s increasing...
Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen on Polygon
5.4.2024
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen.
The post Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen...
Uniswap Hits $2 Trillion in Lifetime Trading Volume, Rivals Major CEXes
5.4.2024
Decentralized exchange (DEX) Uniswap has surpassed $2 trillion in lifetime trading volume, rivaling major centralized exchanges including Coinbase.
The post Uniswap Hits $2 Trillion in Lifetime Trading Volume, Rivals Major CEXes appeared first on Cryptonews
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
5.4.2024
The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates
Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund
5.4.2024
Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment fund, the largest since its previous $2.5 billion...
Xuirin Finance Set to Revolutionize DeFi With KYC-Free Debit Cards, P2P Lending and Much More
5.4.2024
Looking to get involved with a platform that can change the face of decentralized finance forever? Xuirin Finance is revolutionizing the DeFi landscape through its innovative offerings like KYC-free debit cards, P2P lending, and so much more. Supporters can take part in the first stage of...
South Korean Crypto Voice Phishing Attacks Becoming More Sophisticated – Report
5.4.2024
South Korean crypto voice phishing attackers are developing more sophisticated ways to dupe victims out of cash and tokens, a report claimed on April 4.
The post South Korean Crypto Voice Phishing Attacks Becoming More Sophisticated – Report appeared first on Cryptonews
Navigating the technology landscape: Understanding the latest digital innovations
5.4.2024
In the current era, the technological landscape has experienced a huge increase in technological advancements brought by important breakthroughs in AI, quantum computing, blockchain technology, and autonomous systems. With this rapid evolution came a complex and rapidly evolving landscape with...
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not
5.4.2024
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out
Crypto Has 'Too Many Tokens' and Mergers Are Coming
4.4.2024
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Online Games Act Like Unregulated Banks, And The US Gov’t Has Noticed
4.4.2024
A new report from the United States Consumer Financial Protection Bureau (CFPB)—an organization focused on enforcing the laws that protect consumers—indicates the bureau is aware of and monitoring big online video games that are filled with in-app purchases, digital currencies, and shady...
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair
4.4.2024
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds...
Galaxy Digital to Debut $100 Million Crypto Fund Initiative
4.4.2024
Galaxy Digital, a cryptocurrency venture capital firm, is in talks with third parties to launch its first cooperative crypto investment fund. The fund, called Galaxy Ventures Fund I, LP, will focus on crypto projects still in their early stages and is seeking to raise and allocate $100 million...
OKX Web3 announces its integration with Shui Finance
4.4.2024
OKX Web3 has announced that Shui Finance has integrated its wallet functionality into the platform. This officially allows users to earn rewards in their OKX Wallet on the platform. Rewards would be in CFX, as the entire architecture of Shui Finance is grounded in the Conflux Network. The community...
Binance Nigeria Case Postponed Until April 19th Amidst Criminal Charges
4.4.2024
Tigran Gambrayan and Nadeem Anjarwalla, two Binance executives held against their will by Nigerian authorities, has been postponed until April 19 as the country seeks criminal charges against the duo, a Thursday court hearing reveals. However, only Gambrayan appeared before Judge Emeka Nwite in...
Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
4.4.2024
Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting...
Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing
4.4.2024
The Bank of England and the UK’s FCA have commenced a consultation process regarding the draft guidance for their Digital Securities Sandbox.
The post Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing appeared first on Cryptonews
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
4.4.2024
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said