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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
4.6.2022
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks....
Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more
3.6.2022
Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price volatility
Which Markets Could Benefit the Most from Crypto?
3.6.2022
Pavel Matveev is the CEO and Co-Founder of the major blockchain-based payments platform Wirex.
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Read More: Which Markets Could Benefit the Most from Crypto?
El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold
3.6.2022
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds...
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments
2.6.2022
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in...
Singapore’s Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi
2.6.2022
The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMorgan will pilot the first project. Project Guardian Launched The Monetary Authority of Singapore...
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody
2.6.2022
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained....
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...