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Decentralized Finance Is Blossoming, But Just How Decentralized Is Defi?
30.1.2020
The defi market has hit an all-time high as the total value locked up in decentralized finance has surged past $850 million. A flurry of new applications, privacy proposals, wallets, DEXs, and protocols is extending the limits of what defi is capable of. This jubilation should be countered with...
More Than 50 Crypto Marketing Agencies Survived the Crypto Winter
30.1.2020
The cryptocurrency industry has grown exponentially and there are many facets to the blockchain industry. One specific area of expertise that’s grown significantly in the last few years is the expansion of marketing agencies within the blockchain and cryptocurrency space. In 2020 there...
Uphold App Now Lets Users Easily Trade Directly Between Over 60 Cryptos, Fiat Currencies and Metals
29.1.2020
The new Uphold mobile app features an ‘Anything to Anything’ interface, which lets users easily trade directly between more than 60 assets. This means that Uphold users in the UK for example, can now directly buy bitcoin cash (BCH) with their local GBP fiat without having to use...
Qtum Chain Foundation Donates 200,000 Yuan for Coronavirus Victims
29.1.2020
Qtum Quantum Chain Foundation, the organization, constituted to protect the privacy and confidentiality of the user information have made a public announcement regarding its donation of a substantial amount of 200,000 yuan to the Hubei Charity Federation. The donation has been made to aid...
Another Japanese Finance Industry Player Joins the Cryptocurrency Fray
29.1.2020
It seems that another big, non-crypto company just stepped onto Japan’s crypto scene.
Daiko Holdings has become the latest Japanese firm to operate a cryptocurrency platform. SNC, operator of the Bitgate cryptocurrency exchange has transferred a controlling stake of 58.1% of its 100% stake in...
Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup
28.1.2020
Standard Chartered has invested in Contour, the recently-rebranded Voltron blockchain trade finance platform digitizing letters of credit for financial institutions
Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks
27.1.2020
Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority...
More Than 77 Crypto Projects Claim to Be Backed by Physical Gold
26.1.2020
The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether...
User Retention: The Holy Grail for DApps Moving Beyond Buzzword Status
26.1.2020
DApps are still struggling with user retention and high app turnovers, but DeFi-focused apps might offer an avenue for greater adoption
Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says
24.1.2020
Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice from the country’s Ministry of Finance says
WEF and PwC Report: Nature Risks Threaten Businesses and Economy
24.1.2020
A new report by the World Economic Forum (WEF) in collaboration with Pricewaterhouse Coopers (PwC) makes a case for why the environmental crisis will directly and significantly impact primary, secondary and tertiary businesses, and therefore disrupt the markets and the economy. Titled Nature Risk...
Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises
22.1.2020
The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week,...
LumApps Collects $70 Million in Series C Funding Round
22.1.2020
Taking pride in being one of the best enterprise-grade cloud-based social intranet platforms, LumApps has announced that it has pooled in a whopping amount of $70 Million through Series C funding round. The funding event was led by renowned global investment banking, securities, and management...
Finance Will Fall Behind Without Innovation, Experts at Davos WEF Say
21.1.2020
Mainstream finance faces a losing proposition without technological innovation, experts at Davos WEF explain
FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020
21.1.2020
The FCA has officially taken over as the ALM/CTF supervisor for the U.K., but what ramifications will this have on the wider crypto industry?
deVere Group CEO Urges WEF Delegates To Make Investment In Fintech
21.1.2020
Nigel Green, the founder and CEO of the world’s highly acclaimed independent global financial consultancy providing firm deVere Group, has made an appeal to the delegates of the World Economic Forum meet urging them to commit investments in fintech. The globally renowned financial gathering,...
China’s Total Blockchain Investments Dropped 40% in 2019 Compared to 2018
20.1.2020
Chinese blockchain spending dropped over 40% from 2018 to 2019, but was still significantly higher than back in 2017
Developer Proposes Decentralized Bitcoin Hashrate Derivatives
20.1.2020
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...
India Faces a New Hurdle: An Economic Slowdown
20.1.2020
As a majority of the world’s leading economies are anticipating a recession, India has not been spared. The Indian economy is also in shatters for the last few years. The recent Government estimates have indicated a growth rate at as low as 5% that is the weakest since 2009. Indian Government...
Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...