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Beefy Finance and ONTO to Host Program to Mine Liquidity
26.8.2021
ONTO and Beefy Finance recently collaborated on a BIFI and AMA contest. The market valuation of Beefy Finance is about $1,120, with a 24-hour transaction volume of $1,451,393. This event will come as a huge boost for the current customers because it will be extremely profitable for them. ONTO...
Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products
26.8.2021
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks ...
Philippines Tax Agency Targets Axie Infinity Players — ‘It’s Taxable, Subject to Income Tax’
25.8.2021
According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the press that BIR is looking into methods aimed at capturing Axie Infinity players...
Citigroup Files to Trade Bitcoin Futures, Says Clients Are ‘Increasingly Interested’ in Cryptocurrency
25.8.2021
Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup...
81% of finance execs say blockchain has gone mainstream: Survey
23.8.2021
Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption
Klaytn Enters Into a Collaboration With Beyond Finance
23.8.2021
Beyond Finance made headlines with the latest announcement of its partnership with Klaytn. This comes with the aim to incorporate decentralized trading of synthetic assets into the Klaytn ecosystem, thereby making the procedure accessible to millions of existing Klatyn users. As a result of...
What is DeFi, and How Can It Interrupt the Finance Market?
22.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
As the crypto market keeps booming, breaking highs and lows, new protocols keep coming in place. The sole purpose of these innovations is to streamline crypto transactions and incorporate nascent protocols in...
Impossible Finance Makes Headstart With OpenSwap for DeFi Launchpad
20.8.2021
August 18, 2021 — OpenSwap becomes the pristine addition to a feature on the recently developed launchpad of esteemed multi-chain DeFi incubator Impossible Finance. With this novel project added to its launchpad, Impossible Finance has heralded on a potentially cosmic DeFi ecospace. OpenSwap...
iBG: The Insured (POSI) DeFi Token Begins Its Highly Anticipated Yield Farming
19.8.2021
PRESS RELEASE. Singapore – Following the much-awaited launch of the world’s first and only insured (POSI) DeFi token on PancakeSwap, iBG users can now expect the roll-out of yield farming, which will give every member of the community more opportunities at maintaining liquidity...
Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to ‘Double Down on Technology’
18.8.2021
Vienna-based crypto platform Bitpanda has announced the firm has secured $263 million in a Series C funding round. The financing was led by Valar Ventures and Leadblock Partners, Jump Capital, Alan Howard, and Redo Ventures joined the investment round. The latest financing gives Bitpanda an overall...
Unbound Finance Launches Polygon-Based CrossChain Stablecoin
18.8.2021
Unbound Finance, which specializes in minting UND stablecoins, will attempt to increase the fungibility of the automated management systems based on Polygon by employing Polygon’s high-speed, uncomplicated technology. The Polygon Network is set to become the launchpad for the earliest stablecoin...
Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert
18.8.2021
Lloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network. Lloyds is one of the largest financial services firms in the world with close to $500...
iTrust Lists on AscendEX
16.8.2021
PRESS RELEASE. AscendEX, a global cryptocurrency platform, is excited to announce its newest listing: iTrust token (ITG), under the pair USDT/ITG on AUG 17 at 1 p.m. UTC. In celebration of the listing, AscendEX and the iTrust Finance team will jointly launch three limited-time promotional events...
Valve Patched A Steam Exploit That Let Users Add Unlimited Funds To Steam Wallets
15.8.2021
A security researcher on Hackerone recently submitted an exploit that could be used on Steam to gain unlimited funds. The exploit has since been patched by Valve and the company awarded the user who discovered this exploit $7500. Read more
Homeowners Offered Crypto-Backed Loans to Finance Home Improvement Projects
15.8.2021
As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow...
Southeast Asia’s Largest Bank DBS Expands Crypto Business to Meet ‘Growing Demand’
13.8.2021
DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet...
Reef Finance Incorporates Jax.Network Into Its Marketplace
13.8.2021
The Decentralized Finance (DeFi) blockchain, Reef Finance, has built an alliance with the Bitcoin blockchain Jax.Network. The teaming up of these two eminent blockchain networks will offer clients a reliant, profitable, and decentralized blockchain conformity system. This association with...
Crypto Data Firm Dune Analytics Raises $8M — Series A Round Led by Union Square Ventures
13.8.2021
The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help...
Bitpay Adds Google Pay for US Cardholders to Spend Cryptocurrencies
12.8.2021
Crypto payment service provider Bitpay has updated its wallet app to include Google Pay for U.S. cardholders to spend their cryptocurrencies. The company has already added Apple Pay and Samsung Pay is expected in the near future. Bitpay Updates Wallet App to Include Google Pay Leading crypto...
Forward Protocol Joins Reef Chain via Reef Finance
12.8.2021
On August 11, Reef Finance welcomed Forward Protocol on the Reef blockchain network’s ecosystem. Forward Protocol is renowned for its unorthodox methods, which seek to augment the quality of learning. Their USP is a decentralized and self-reliant network. They will grant the international...