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DeFi Companies Reach Out to Finance Ministry for Crypto Regulations
16.12.2021
The recently-proposed crypto regulations are harboring attention as DeFi companies reach out to the finance ministry. The firms seek more clarity on the regulations, propositions, and effects. Most of these firms revolve around offering interest on crypto-insurance, loans, and deposits. The primary...
Trava Knight NFT Open to All, Trava to Expand NFT Rental Marketplace Utilities for Lending Pool
16.12.2021
Something exciting & sensational is coming for NFT collectors and enthusiasts alike to look forward to. Trava.Finance is launching #KnightNFT for enabling NFT-collateralization. By opening the NFT marketplace for everyone and facilitating collateralization, we can see more activity in...
US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late
16.12.2021
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and...
CoinMarketCap Glitch 'Sent' BTC, ETH to Billions; Affected Coinbase, Crypto.com
15.12.2021
Major crypto data aggregator CoinMarketCap (CMC) displayed eye-popping prices for almost all digital assets on Tuesday due to a glitch, making crypto owners feel like “trillionaire[s] for a couple of hours."
"The Engineering team is aware of incorrect price information appearing...
Cyprus’ finance ministry recommends ‘capacity building’ for crypto
14.12.2021
Cyprus’s finance ministry stressed the need to accelerate its capacity building for the crypto industry
Small Ethereum investors increase exposure as ETH loses $4K level
13.12.2021
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction
Recruiters say crypto firms seeking leadership in engineering, legal and finance
13.12.2021
Talent recruitment experts say that crypto firms are in dire need of the best leadership available to scale their businesses
Crypto Market Sentiment Drops Again, Bitcoin Out of Positive Zone
13.12.2021
After hovering above the border between the scores of 4 and 5 for about a month, the market sentiment dropped below 5 over the past week. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets stands today at 4.96, while a week ago it stood at 5.18...
Russia to Allow Foreign Residents to Own and Use Digital Ruble
13.12.2021
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with...
DeFi resolving the five flaws of traditional finance, book review
11.12.2021
The book describes how DeFi improves upon traditional finance’s failings by raising up “marginalized groups,” including the unbanked
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
10.12.2021
An AWS outage sent shockwaves around the crypto industry, Delong left his role as Sushi CTO, and Coinbase opened a cryptography library — all coming to you in this week’s Finance Redefined
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
10.12.2021
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up...
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
IOST’s Highly-Anticipated Sumo-Themed DeFi Token $ZUNA Set to Launch December 10th
9.12.2021
PRESS RELEASE. IOST-powered DeFi Protocol Yokozuna Finance is warming up to claim the title in the IOST’s dApp ecosystem. The sumo-themed gamified DeFi and NFT project has already created a buzz among the IOST and DeFi community and aims to climb the ranks with its official launch on 10th...
Visa Launches Crypto Advisory Services — Says ‘Digital Currencies Are Taking Greater Hold in Popular Consciousness’
9.12.2021
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product...
Goldman Sachs CEO David Solomon Believes Blockchain Is More Important Than Bitcoin
8.12.2021
David Solomon, CEO of Goldman Sachs, one of the leading banking institutions in the world, has stated his opinion on the bitcoin vs blockchain dilemma. To Solomon, bitcoin is not as important as the advancements in technology that implementing blockchain and other new ledger-based tools can bring...
Bank for International Settlements States True Decentralized Finance Is an ‘Illusion’
8.12.2021
The Bank for International Settlements (BIS), a finance organization comprised of several central banks, has stated that while the objective of decentralized finance is to move control of financial tools away from current financial institutions, it just provides an ‘illusion’ of doing...
Enso mounting 'vampire attack' on six crypto index projects
8.12.2021
The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least 3 weeks to see any benefit
Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform
7.12.2021
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal...
Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...