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NFTrade Signs a Strategic Partnership With Roco Finance
31.5.2022
The decentralized gaming community Roco Finance integrated NFTrade on May 30. The two firms have formulated a new roadmap that involves secondary markets, NFT farming, and several other P2E and NFT gaming offerings. The partnership is likely to give rise to NFT gaming on the Avalanche network....
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
30.5.2022
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than...
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
29.5.2022
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working...
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
29.5.2022
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions
29.5.2022
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024, as originally planned. CBR to Launch...
Russia Considers Using Cryptocurrencies for International Settlements
28.5.2022
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry...
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
28.5.2022
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions
While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’
27.5.2022
U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during...
Swinburne Uni brings Web3 firms to class
27.5.2022
The industry will be able to “tap into future talent” as the partnership sees Judo Bank and Web3 firm Banxa and co-creating content, hosting lectures, providing case studies and even giving students access to their networks
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
27.5.2022
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase &...
Sony’s Not Phasing Out PS4 For A Couple Years—It’s Still Raking In Money
26.5.2022
In a financial call yesterday, Sony told investors that no first-party games will be released on the PlayStation 4 in 2025, showing Sony is finally preparing to leave its legacy platform entirely and switch fully over to the PS5. But there are a few barriers to a more aggressive transition to...
Sony's Bringing Even More PlayStation Games To PC Following Massive Success
26.5.2022
Sony plans to expand significantly into PC gaming, according to an investor briefing published this week. By 2025, Sony says, roughly a third of the games in PlayStation’s portfolio will come out on PC.Read more
Unbound Finance Partners With DFYN for New DeFi Yield Prospects
26.5.2022
With DeFi competing with traditional finance, Unbound Finance is set to give the industry another boost. The venture recently announced a partnership with DFYN to do so. The collaboration will see Unbound Finance and DFYN exploring new yield opportunities for DeFi users, and their primary focus...
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
26.5.2022
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
25.5.2022
The firm, which provides crypto financial services to institutional investors, is valued at $2 billion
Power of the People: DAO Tokens like Sanzooz Finance & Uniswap Democratize Crypto!
25.5.2022
DAO Tokens are evolving in the crypto market and are becoming more and more desirable. Such tokens involve the investors in the decision-making process, which provides them with an additional sense of security with a promise of profits. DAOs (Decentralized Autonomous Organisations) are open-source...
Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z
25.5.2022
The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says...
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend
24.5.2022
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account...
Elk Finance Partnering With RadioShack for Farm Listings
24.5.2022
Elk Finance recently announced a partnership with RadioShack. The collaboration will see Elk Finance accessing liquidity pools on Ethereum, farm listings, co-marketing events, and expanding its interoperability elements. The network will launch its $ELK – $RADIO farms on Polygon...
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
23.5.2022
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in...