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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’
1.6.2021
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared...
Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say
31.5.2021
In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May...
Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million
31.5.2021
Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This...
Sheesha Finance Collaborates With Blockchain Australia
31.5.2021
Intending to reshape the industries and the market as a whole, the leading Melbourne-based blockchain solutions provider Blockchain Australia has joined hands with the UAE-based DeFi Mutual Funds Organization Sheesha Finance. The primary focus is to commercialize DeFi incubation projects...
Roseon Finance and Mozik Enter a Partnership
31.5.2021
Roseon Finance recently made headlines after hiring a former HSBC executive as CFO. Now the multi-chain DeFi yield aggregator is entering a partnership with Mozik. The partnership will see Mozik’s native token and art integrated into Roseon’s DeFi platform and mobile app. Mozik is a popular...
Belt Finance loses millions in latest BSC-based DeFi exploit
31.5.2021
Another day, another BSC DeFi protocol gets hacked
Understanding the systemic shift from digitization to tokenization of financial services
30.5.2021
Another hurdle financial services and institutions need to address is mainstream digital asset adoption
Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot
30.5.2021
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners....
Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow
29.5.2021
The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company...
Market Forecaster Jim Bianco Says Ethereum Has a Lot of Upside, Investor Doesn’t Hold Bitcoin
29.5.2021
On May 27, the president of Bianco Research, Jim Bianco explained during an interview that he believes there’s a lot of upside potential when it comes to the crypto economy. Bianco said since 2017 he’s owned a basket of crypto assets like ethereum, but he doesn’t hold bitcoin....
Pandora Raises $2.4M From Industry Heavyweights to Bridge off-Chain Assets to Open Finance via NFTs
29.5.2021
PRESS RELEASE. Pandora Finance (https://pandora.finance/) announced that they have successfully closed their $2.4m seed round. The Pandora team received pledges from some of the most visible investors within the crypto space, and closed the round oversubscribed by manifolds. Overview of strategic...
BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack
29.5.2021
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...
Fund Manager Wisdomtree Files With SEC to List Ethereum ETF on Cboe BZX
28.5.2021
The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment...
Bitcoin likely won’t entirely replace current financial system, Coin Center director says
28.5.2021
Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location
Crypto Savings Platform Ledn Raises $30 Million in Latest Funding Round
28.5.2021
Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round. The money raised will be used to expand its offer of lending products, and to expand its reach in more countries. Ledn could take advantage of the recent problems that...
Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26
27.5.2021
DeFi is in the spotlight and Bitcoin fans may be getting jealous in this week's Finance Redefined
Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets
27.5.2021
Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business. Paypal to Support Crypto Transfers...
How Convergence Finance Is Revolutionizing Private Investment Markets
27.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
conv.finance
There are numerous ways to enhance the appeal of blockchain technology and decentralized finance. Bridging the gap to the real world and...
Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft
27.5.2021
A new law draft approved just today by the Finance Commission of the Spanish Congress would make Spain-based custody services report the ownership of the cryptocurrencies under management. The law, which was stuck in Congress for some time, aims to close a gap in the legislation that allowed some...
DeFi and traditional finance could converge thanks to tokenization
26.5.2021
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO