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Shield Finance Enters a Strategic Partnership With BSClaunch
29.6.2021
Striking a strategic partnership in cryptocurrency and blockchain domains is very important for the widespread adoption of these new-age technologies. Announcing one such relevant partnership, Shield Finance has joined hands with BSClaunch. This partnership will enable the BSClaunch to protect...
Deutsche Boerse acquires majority ownership of Crypto Finance AG
29.6.2021
The German stock exchange operator plans to expand its regulated crypto-asset ecosystem across the European market
Reef Finance Integrates NFTify on its Blockchain Platform
29.6.2021
In an important collaboration, Reef Finance integrated NFTify on its blockchain ecosystem, Reef Chain. This will pave the way for NFT stores on NFTify to create the store on the blockchain ecosystem of Reef. In other words, this coming together will open up a new world of possibilities as DeFi...
Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit
28.6.2021
The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price...
Iron Finance bank run stings investors — A lesson for all stablecoins?
28.6.2021
The Iron Finance stablecoin fiasco caused cries for regulation and shed light on the importance of complete collateralization
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
28.6.2021
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening...
Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’
28.6.2021
In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on...
Open Banking and DeFi: The Next Big Thing in Finance
28.6.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
From the grain loans of ancient cities like Assyria and Babylonia to the lenders of the ancient Greek and the Roman empires, the evolution of banking services has been intricate and gradual. Like...
Crypto Industry Will Benefit From Tighter Regulation, Says Law Professor
28.6.2021
The chairman of International Banking Law and Finance at the University of Edinburgh, professor Emilios Avgouleas, says that tighter crypto regulation will benefit the industry in the long run. He is bullish about the prospects of cryptocurrencies becoming widely used around the world. Tight...
CME Group’s Micro Bitcoin Futures Reach 1 Million Contracts Traded
27.6.2021
CME Group’s(Chicago Mercantile Exchange) micro-bitcoin futures have already traded more than one million contracts. This instrument allows institutions and retail traders to invest in the crypto asset at a lower price point of 0.1 bitcoin. The contract has only been available for seven weeks...
Cryptocurrency Firms Face a Talent Shortage as the Space Grows Crowded
26.6.2021
Cryptocurrency companies and exchanges are currently facing significant hurdles when recruiting talent. This is because the crypto space is growing at an alarming rate. Traditional finance companies entering the scene seem to be making the talent squeeze even more dire. There are hundreds...
The future of finance is DeFi intelligence
26.6.2021
DeFi and AI coupled together would significantly improve financial services and unlock a new level of innovation
Palestinians Ponder Digital Currency as Move for Monetary Independence
26.6.2021
The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help...
Finance Redefined: Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
25.6.2021
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth
U.S. Healthcare Is So Trash This Game’s Localization Needed Changing
25.6.2021
The American healthcare system is so uniquely terrible among developed countries that a localization team translating a recent indie game had to completely replace a line about crowdfunding an emergency medical procedure because it wouldn’t make sense to players outside of the United States.Read...
LIC to Infuse Raise Rs. 2,334 Crores as Equity Capital
25.6.2021
LIC recently announced that it is planning to infuse over Rs. 2,334 crores worth of equity capital in LIC Housing Finance. The announcement added over 2% growth in the subsidiary’s shares price on 25th June. LIC Housing Finance will raise the equity capital by picking up additional stakes within...
Better, faster, cheaper: How DeFi will kill the retail bank
25.6.2021
The battle for global consumer deposits is going to be the fight of the century. But to vanquish old-fashioned banks, the DeFi sector needs to up its game
Bogota’s $2.8 Billion Program to Finance Blockchain Companies With up to $50 Million
25.6.2021
The city of Bogota in Colombia just announced it will finance blockchain companies through a blockchain investment program. The program, called “Hub Blockchain Bogota,” will deliver financing to 100 companies developing blockchain-based solutions. This is part of a series of initiatives...
Andreessen Horowitz Says Crypto Is ‘the Future of Finance’ — Launches $2.2 Billion Crypto Venture Fund
25.6.2021
Andreessen Horowitz, the Silicon Valley venture capital firm founded by Marc Andreessen and Ben Horowitz, has announced the launch of a $2.2 billion crypto fund. The firm is “radically optimistic about crypto’s potential to restore trust and enable new kinds of governance.”...
Sushi to Launch Full Product Suite on Harmony
25.6.2021
Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation....