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Decentralized Exchange MM.Finance Suffers $2M Exploit
5.5.2022
Cronos-based DeFi project MM.Finance has suffered an exploit to its front-end, losing $2 million
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...
How STACKD Finance Services Make DeFi Safer for Everyone
5.5.2022
Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes. However, DeFi is still in its infant stage, leaving room...
El Salvador Finance Minister: We’re Waiting for Bitcoin Price Rise Before Issuing BTC Bonds
4.5.2022
The Salvadoran government is “waiting for a bitcoin (BTC) price rise” before releasing its long-awaited BTC bonds, the nation’s finance minister has claimed.
Per El Salvador’s Diario El Mundo, Alejandro Zelaya, the Minister of Finance, refuted notions that there was any kind of “deadline”...
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition
4.5.2022
Bentley University, the private university located in Waltham, Massachusetts, has revealed it now accepts digital currencies for tuition payments. Bentley University’s president explained that the school has been “at the forefront in preparing business leaders” and further...
Activision Blames Disappointing Call Of Duty Sales On World War II
3.5.2022
The Call of Duty machine stalled last year, in response to which publisher Activision Blizzard is blaming the slowdown on the latest game’s World War II setting and lack of “innovation.” Sure.Read more
Crypto Bahamas: Regulations enter critical stage as gov't shows interest
3.5.2022
SALT’s Crypto Bahamas brought together traditional financial players with crypto companies and industry experts to discuss the future of digital assets
EU Commission report suggests rethink of regulatory approach to DeFi
3.5.2022
The report highlights the DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders
Samsung Group Investment Arm to List Blockchain ETF on Hong Kong Exchange
2.5.2022
Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of this year. The ETF will have a structure which is similar to that of BLOK, one of Amplify Holdings’s ETF products. Samsung Asset...
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
1.5.2022
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value...
Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro
1.5.2022
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator....
India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister
1.5.2022
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to...
Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
1.5.2022
The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series...
Attackers Steal $80 Million From Rari Capital’s Fuse Platform, Fei Protocol Suffers From Exploit
30.4.2022
According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit....
Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official
30.4.2022
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that...
Finance Redefined: Samson Mow's DeFi question, Fireblocks expands to institutional and more
30.4.2022
In this week's DeFi newsletter we bring you an exclusive research report on Terra, Samson Mow's shocking comment on DeFi and Fireblock's latest DeFi institutional offering
LBank Exchange Will Launch Innovation Zone for Better User Experience
30.4.2022
PRESS RELEASE. LBank Exchange is an innovative crypto assets trading platform with 6.4 million global users. Since the start of its journey, LBank Exchange has continuously expanded in the global market, serving users in over 210 countries and regions worldwide, with features including spot...
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
30.4.2022
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure...
India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister
29.4.2022
Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added. Finance Minister on Indian Crypto Regulation India’s finance...
Facebook’s Latest Financial Results Show It Has Lost Nearly $20 Billion To VR Since 2020
28.4.2022
A metaverse filled with digital worlds and avatars might be coming someday, but it won’t be cheap. Facebook parent company Meta has released its financial results for the first quarter of 2022 and it shows that this year alone, the company’s virtual reality-focused department has lost $2.96 billion...