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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Crypto Diversification Is Back in 2023
25.1.2023
Bitcoin can be viewed as protection from inept central banks (and, yes, a tool for speculation, too)
Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield
25.1.2023
After defaults and a major overhaul, crypto lending protocol Maple Finance moves away from uncollateralized lending toward bringing yield-generating real-world assets to crypto investors
Blockstream raises $125M to finance expanded Bitcoin mining operations
24.1.2023
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
Wormhole hacker moves $155M in biggest shift of stolen funds in months
24.1.2023
Blockchain transaction history shows that the hacker transferred the funds onto a DEX and then went on to cycle funds around different DeFi protocols
Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance
24.1.2023
Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that regulators should provide “ultra clarity...
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
23.1.2023
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back...
MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance
23.1.2023
The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits
Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System
23.1.2023
PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account. Jessica Walker at Fluid said: “One of the problems with...
Tortuga Finance collaborates with MSafe dApp Store
23.1.2023
MSafe has announced the integration of Tortuga Finance with MSafe dApp Store. The announcement was made on Twitter through the official handle of MSafe, receiving mostly positive responses for the news. Tortuga Finance is one of the few places that allows its users to stake APT and receive tAPT...
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
23.1.2023
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind...
Aussie execs refute 'argument' to treat crypto as financial products
23.1.2023
The Australian Minister for Financial Services said there was a "good argument" to treat crypto as financial products in an interview on Jan. 22
Central African Republic eyes legal framework for crypto adoption
22.1.2023
A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors
20.1.2023
Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised...
DeFi should complement TradFi, not attack it: Finance Redefined
20.1.2023
Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts
Swapped Finance announces partnership with Kana Labs for Shardeum
20.1.2023
Swapped Finance recently announced a collaboration with Kana Labs. This development welcomed Kana Labs into the Shardeum, a smart contract platform. Shardeum, which was built on the Ethereum Virtual Machine (EVM), will promote blockchain through Kana Labs. Kana Labs will assist in connecting...
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...
1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline Setting
19.1.2023
The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch...
Decentralized forex will reduce cost by as much as 80%: Report
19.1.2023
The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap