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Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF
19.10.2021
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin...
A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike
18.10.2021
October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion...
PlayStation 5 Ends Switch's Three-Year Run As Best-Selling Console
18.10.2021
After almost three years as the top-selling console in the U.S., the Nintendo Switch has been ousted by Sony’s PlayStation 5. According to Mat Piscatella, an NPD analyst, the PS5 was the best-selling gaming hardware platform in both units sold and overall dollars earned in September 2021. Read more
Can Portal Unlock Bitcoin’s Potential to Truly Decentralized Finance?
18.10.2021
Decentralized finance (DeFi) protocols and platforms have become increasingly popular during the past few years. One of the main value propositions of DeFi is to provide seamless lending, borrowing, and digital asset staking services without requiring the assistance of third parties to finalize...
President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender
17.10.2021
The President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with...
Mark Cuban Won’t Invest in Bitcoin ETF, Prefers to Buy BTC Directly
17.10.2021
The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-based exchange-traded funds (ETFs), one of which could start trading next week in the U.S. The Shark Tank star does not see a reason for him to invest in a bitcoin ETF, emphasizing that...
Truly decentralized finance will be beyond siloed blockchains
16.10.2021
To be the future lifeline of industries, blockchain technology needs to embrace the old-fashioned quality of interconnectivity
Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
16.10.2021
Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
16.10.2021
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies....
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
15.10.2021
Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles...
UniLend Finance Introduced Unilend V2 with Isolated Dual Asset Pools
14.10.2021
UniLend Protocol is about to take a major leap forward, accepting any token for loaning and disrupting the $500 billion untapped industry. They’re ready to provide the most major technological advancement to their 100K-strong membership and the broader DeFi network. UniLend’s company...
G7 leaders issue central bank digital currency guidelines
14.10.2021
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system
Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
13.10.2021
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with...
For the 1st Time, All ERC20 Tokens Can Be Lent and Borrowed With UniLend’s Upcoming Version 2
13.10.2021
PRESS RELEASE. UniLend Finance published their protocol update blog introducing UniLend v2. The Binance Innovation Zone project has earlier this year enabled Lending for every token along with Flash Loans. The team published an initial blog explaining various innovative features in their upcoming...
Russia doesn't plan to follow in China's footsteps by banning crypto outright, says deputy finance minister
12.10.2021
Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin
Celo to Be Fastest EVM Chain by End of 2022, Co-Founder Says
12.10.2021
nths, according to Celo co-founder Marek Olszewski.The platform, focused on making decentralized finance (DeFi) more accessible on mobile devices, has high ambitions for a newly
Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell
12.10.2021
Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion. Total...
Flare Finance Announces Partnership with ForeverLands NFT Game
12.10.2021
The Flare Finance community has received a bunch of positive updates over the past few weeks and it doesn’t seem to be stopping anytime soon. In a recent announcement, Flare Finance has revealed a new partnership with ForeverLands NFT game. ForeverLands is a strategy game that will allow players...
Showdown: Shiba Inu Challenges Dogecoin for Meme Coin Dominance
12.10.2021
works, with SHIB worth USD 15.3bn and DOGE worth just under USD 30bn. The two meme coins, ranked 10 and 11 on CoinGecko’s ranking of the most valuable cryptoassets, have already surpassed many widely used decentralized finance (
Blockchain Intelligence Company Elliptic Raises $60 Million — Evolution Equity Partners, Softbank Bolster Series C
12.10.2021
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D). Elliptic Raises $60 Million...