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Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11
12.2.2022
Alchemy raises $200 million in a Series C round, Hashstack launches collateral protocol on Harmony, and Bunny Finance forms DAO after a hack — all coming to you in this week’s Finance Redefined
Uniswap V3 Based ‘Universe Finance’ Reveals Plans of Launch
12.2.2022
PRESS RELEASE. Universe Finance has stated that its IDO will begin on the 15th of February and will run till the 18th. Universe Finance wants to provide the finest Uniswap V3 active liquidity management platform on Ethereum and Polygon. What can Universe Finance offer? Security is one of the most...
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
11.2.2022
The country's finance minister admitted to not having enough information to make a fateful call
India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms
11.2.2022
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...
EU finance chief says digital euro bill coming in early 2023
11.2.2022
The European Union’s finance chief announced that a bill introducing a digital euro will be hitting tables in European parliament as early as 2023
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
10.2.2022
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about...
RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India
10.2.2022
The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also warned investors of the risks of investing in crypto, stating this...
Kirobo CEO Asaf Naim Explains How Building a Safety Net for DeFi Users Will Make It Bigger Than Ever
10.2.2022
Kirobo is a decentralized application developer building out a suite of services focused on DeFi security and usability. With a $5 million investment from Digimax in 2021, Kirobo works to make decentralized finance as accessible and user-friendly as regular online banking. Kirobo is the proud...
Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem
10.2.2022
PRESS RELEASE. Zug, Switzerland — Ambrosus Core, the technical foundation of Ambrosus Ecosystem, has announced the launch of a substantial developer funding program — $10 million for developers deploying decentralized finance (DeFi) applications and other decentralized solutions...
No Man’s Sky Is (Somehow) Coming To Switch This Summer
9.2.2022
The space exploration game No Man’s Sky is coming to Switch later this summer, Nintendo announced today during a 40-minute Nintendo Direct.Read more
Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
9.2.2022
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops...
Russian Government Approves Plan to Regulate Cryptocurrency
9.2.2022
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister
9.2.2022
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank,...
Latest DeFi bridge exploit results in $4.4M losses for Meter
8.2.2022
Another token bridge suffered a malicious attack where tokens were minted by a hacker through a smart contract exploit, eventually leading to a cascade effect across other DeFi networks
Hashstack launches Open protocol testnet, offering under-collateralized loans
7.2.2022
Harmony's Ecosystem Fund financed Hashstack's solution to improving DeFi lending
Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary
7.2.2022
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3...
17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry
7.2.2022
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly...
US Treasury Warns NFTs May Present New Illicit Finance Risks
6.2.2022
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of...
Sunday Comics: But Hey!
6.2.2022
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more