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State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
15.9.2021
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank...
Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million
15.9.2021
Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability...
Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document
15.9.2021
The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using...
Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team
15.9.2021
Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said. Morgan Stanley Sets Up...
As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise
14.9.2021
Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped...
CBDCs, Stablecoins & Crypto Can Disrupt Traditional Finance – Moody’s
14.9.2021
="https://cryptonews.com/tags/facebook/">Facebook, and fintech firms like Square or PayPal, will become key forc
Fast & Furious Finance: How TurboXBT Is The Lamborghini Of Trading
14.9.2021
No luxury performance vehicle turns more heads or is talked about more by traders than the Lamborghini. The Italian-made supercar is a sight to behold, known best as an icon of speed and wealth. There is also no better comparison to be made with an automobile than the supercharged, short-term...
Cross-Chain Yield Farming Platform Flurry Finance Completes IDO and IEO
14.9.2021
The cross-chain yield farming platform Flurry Finance has announced the successful completion of its recent IDO and IEO on September 6, launching its FLURRY governance token on the Ethereum and Binance Smart Chain networks initially. Following the IDO and IEO launch, the token is now available...
Knit Finance Enters Into a Collaboration With With Kyber Network
14.9.2021
Knit Finance finally announced entering into a strategic partnership with Kyber Network to ensure instant and secure transactions on dApps according to KNC prediction reports. The platform of Knit Finance allows users to gain access to the full potential of decentralized finance by providing...
Aleph.im Will Provide an Indexing Solution to Port Finance
14.9.2021
Port Finance is a lending protocol which aims to provide a full suite of fixed-income products, including variable-rate lending, interest rate swaps, fixed-rate lending, and more. Port Finance is a project on Solana, which is a high throughput blockchain. Port Finance needs a large amount of data...
Hedge Fund Brevan Howard Expands Crypto Business — Expert Hired to Lead New Digital Asset Unit
14.9.2021
Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.” Growing Interest in Crypto From Hedge Funds...
Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC
13.9.2021
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael...
ADALend Is Building a Cardano Native, Scalable and Decentralized Lending Protocol
13.9.2021
ADAlend.finance , a protocol that is bringing decentralized lending to the Cardano blockchain, has just sold out its private sale in less than one hour. Seven private angel investors have purchased the entire seed allocation of 1.8 Million Cardano native ADAL tokens for $540,000. Seed round...
Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’
12.9.2021
The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower...
Finance Redefined: DeFi’s $4M lobsters and Solana gaming, Sept. 6–10
10.9.2021
Lobsters support DeFi’s endeavours amid regulatory clampdowns — all that and more, only in Finance Redefined
Countdown to Cardano’s Hard Fork: Goguen Phase Smart Contracts ‘Represent a Big Step Forward’
10.9.2021
The digital currency network Cardano is two days away from the upcoming hard fork on September 12 and the community is expecting to see functional smart contracts. These can be used for decentralized finance (defi), non-fungible tokens (NFTs), and other types of decentralized applications (dapps)....
Experimental Finance Platform On Songbird Network To Be Released Soon
10.9.2021
Flare Network is planning to launch an experimental development network termed Songbird Network. Following in the footsteps of Flare Network, Flare Finance, which is going to be the first DeFi platform on the Flare Network, has also decided to launch an Experimental Finance (ExFi) platform...
Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
10.9.2021
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up...
Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms
10.9.2021
Seychelles’ Financial Services Authority (FSA) together with the country’s finance ministry, is reportedly working on a policy to either prohibit or license crypto trading platforms as registered international businesses. Increase in International Investigations of Crypto Platforms...
Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace
9.9.2021
Mastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s...