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Bank of Russia to Test International Crypto Payments With Companies
21.12.2022
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...
Bringing community-based solutions to crypto lending can solve trust issues
20.12.2022
The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution
Boris Johnson’s Brother Quits Binance Unit Advisory Role Amid 'Finance Transparency Concerns' and Market Turmoil – Here’s What Happened
20.12.2022
Jo Johnson, brother of former British Prime Minister Boris Johnson, resigned from the UK advisory board of Bifinity, a unit of the major crypto exchange Binance.
Binance itself reportedly announced Johnson's departure from the payments technology company on Monday. According to The Telegraph, in...
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023
20.12.2022
There's still plenty of room for innovation, according to Ethereum's co-founder Vitalik Buterin
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
19.12.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
18.12.2022
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
Algorithmic stabilization is the key to effective crypto-finance
17.12.2022
Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again
TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021
17.12.2022
The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi...
Brazil Could Launch Its Defi-Integrated Digital Real in 2024
17.12.2022
Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with...
Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
16.12.2022
The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week
The Next Step in the Evolution of Web3: Regenerative Finance
15.12.2022
“ReFi,” coined by economist John Fullerton, is the process of using markets to fix the issues markets have created. Crypto, the freest market system yet, can help bootstrap efforts to regenerate the world economy
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Relying on Centralized Databases Makes Dapps Vulnerable to Data Tampering Says Nate Holiday
15.12.2022
Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data...
Maple Finance 2.0 overhaul aimed at speeding up the defaulting process
15.12.2022
The overhaul of the protocol, dubbed "Maple 2.0" comes only weeks after the platform saw two major defaults on the back of FTX's collapse
Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana
14.12.2022
The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said
Ark Invest Fund Manager Cathie Wood Buys More Coinbase Stock – Bull Market Starting Soon?
14.12.2022
Well-known tech investor Cathie Wood’s fund Ark Invest has taken a bigger stake in Coinbase, buying up an additional $3.2m worth of shares in the crypto exchange.
The latest purchase means that Ark Invest’s flagship exchange-traded fund (ETF), ARK Innovation ETF (ARKK), now holds 5.8 million COIN...
White House silent on whether it will return $5.2M in donations from SBF
14.12.2022
A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...