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Tencent to Co-launch Blockchain-powered Wine Traceability Platform


Source: Adobe/Ekaterina_Molchanova Chinese tech giant Tencent has unveiled a wine traceability platform using blockchain technology – in conjunction with the nation’s biggest and oldest wine producer. Per the China News Network, Tencent’s deal with China's biggest winery, Changyu, will be...

Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours


The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...

Guizhou, China, Launches Blockchain-powered Int’l Trading Platform


Features of Miao ethnic costumes in Guizhou, China. Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform. Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month. The province’s...

Cake DeFi: A One-Stop Shop for Generating Yield


Cake DeFi, a platform that allows users to generate cash flow through pooled masternode staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple...

Coinbase Sees More Institutional Investors Buying Bitcoin in H1


Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange...

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