Search
Australia’s Commonwealth Bank Lets Customers Trade Crypto Directly Through Its App
4.11.2021
The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto...
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
3.11.2021
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority...
Blizzard Is Already Losing Its First Female Studio Co-Head
2.11.2021
Jen Oneal, who recently assumed the top position at Blizzard in the wake of a significant reckoning at the company, will step down at the end of the year, she wrote in a statement today. Her co-lead, Mike Ybarra, will take over the rest of her responsibilities.Read more
Nintendo Slashes Switch Production In Face Of Chip Shortage
2.11.2021
The ongoing chip shortage, which has affected nearly every electronic device on the planet, has forced Nintendo to grapple with a production reduction. Nikkei Asia reports that the Kyoto-based company will make 20 percent fewer Switch consoles through the end of its fiscal year, which wraps...
Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch
2.11.2021
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which...
An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
1.11.2021
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency...
Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change
1.11.2021
As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products...
South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
1.11.2021
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe...
Dogecoin, Shiba Inu, Dogelon Mars Lead the Pack of 45 Doge-Like Tokens Capturing Astronomical Gains
31.10.2021
2021 has been the year of decentralized finance (defi), non-fungible tokens (NFTs), and meme tokens as well. During the first week of August, roughly 30 dogecoin-like crypto assets existed and today, there are now 45 tokens with the terms “dog,” “shiba,”...
Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z
31.10.2021
Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue...
Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’
30.10.2021
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”...
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...
Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days
29.10.2021
On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week....
Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29
29.10.2021
Near protocol allocates $800 million to its DeFi ecosystem, and Immunefi raises $5.5 million to advance its security service — all of this and more coming to you in this week’s Finance Redefined
Cream Finance Suffers $130 Million Hack
29.10.2021
Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol...
Slovenia Launches Public Consultations on Crypto Taxation Law
28.10.2021
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules...
Litecoin transactions near an all-time high after gaining ground in consumer finance
28.10.2021
It's become easier to use Litecoin for everyday payments thanks to several recent partnerships
BREAKING: Cream Finance appears to have suffered major loss in flash loan hack
27.10.2021
Malicious actors continue to target decentralized finance projects for their exploits. On Wednesday, a major DeFi lending platform suffered a flash loan attack
Cream Finance Suffers Another Exploit as Attacker Runs Away With USD 100M+
27.10.2021
Ethereum (ETH)-powered decentralized finance (DeFi) project Cream Finance (CREAM) suffered another flash loan attack as the attacker reportedly stole more than USD 100m worth of tokens.
Blockchain analytics and security firm PeckShield flagged the attacker's address, while Cream finance confirmed...
Dubai finance watchdog approves listing of Bitcoin fund
27.10.2021
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology