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Hubble Protocol Launches Kamino Finance to Optimize Yields for Liquidity Providers on Solana
30.8.2022
PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized...
Diving Deep into DeFi to Navigate the New Wave of Finance
29.8.2022
The DeFi sector in CoinDesk DACS refers to projects that support financial products and services that are not facilitated with any central entity
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
28.8.2022
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide...
Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash
28.8.2022
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary...
Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’
27.8.2022
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary...
Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined
27.8.2022
Majority of the DeFi tokens in the top-100 had a mixed week as several tokens traded in red while a few others managed to make double-digit gains
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
Report Claims Russia and Iran Plan to Establish a Global Gas Cartel, Moscow to Launch Its Own Precious Metals Exchange
26.8.2022
Following Russian president Vladimir Putin’s statements at the end of June that indicated members of the BRICS nations have formalized plans to create a new “international reserve currency,” Russia is reportedly building the foundations of a global gas cartel with Iran....
Gaming to Keep Crypto Users Warm During Winter: How Blockchain Technology Begins to Transforms Industries Outside of Finance
26.8.2022
Aron Beierschmitt is the CEO and Co-Founder of game development and R&D studio Laguna Games.__________
The first quarter of 2022 was profitable and encouraging for the crypto industry. The value of the global cryptocurrency market reached USD 1.7 trillion and was projected to double its size from...
Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research
25.8.2022
Yong-beom Kim, the former First Vice Minister of the Korea Ministry of Economy and Finance, has been appointed as the CEO of Hashed Open Research, the research arm of Seoul-based venture capital firm Hashed
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say
25.8.2022
The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to a report quoting industry watchers, these factors...
Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces
24.8.2022
The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for...
Australia's markets regulator to prioritize shielding citizens from crypto harm
24.8.2022
Part of its actions will include raising public awareness about the risks inherent in crypto-assets and decentralized finance
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
23.8.2022
During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have...
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
22.8.2022
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since...
SubQuery to Power Loop Finance, an All-in-One DeFi Exchange
22.8.2022
In the Cosmos blockchain environment, Loop Finance, single decentralized finance (DeFi) Exchange, NFT Market, and crypto educational network established cooperation with SubQuery. SubQuery & Loop originally collaborated when SubQuery emerged as the first solution in the Terra community to...
Binance Adding Stargate Finance on Isolated Margin & Cross Margin
22.8.2022
Binance has been integrating STG and its functionalities on its several platforms. Binance Convert recently announced adding Stargate Finance on Isolated Margin and Cross Margin. After the integration, users can trade STG as a borrowable asset on both margins. It adds new Cross Margin pairs like...
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
FTX revenue reportedly grew 1000% in one year, leaked documents reveal
21.8.2022
The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in FY 2020-21
DeFi needs to start creating real-world value if it wants to survive
20.8.2022
Crypto adoption should be about more than speculative trading outside of your regular bank account