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Exotic Markets Founder Joffrey Dalet Talks Defi Banking, Structured Products and Solana
17.2.2022
Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in DeFi. For example, it aims to offer payoffs based on baskets of tokens, trading ranges...
Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions
17.2.2022
Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).
As reported, a large range of “hard” wallets – which require no permanent internet connection...
Here is JPMorgan's 'Metaverse Strategy' Advice for Businesses
16.2.2022
US-based banking giant JPMorgan finds that the metaverse will bring the need for new services and business models tailor-made for that digital era. It argues that this does not mean businesses should abstain from exploring the metaverse – and for companies interested in going down this path...
US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’
16.2.2022
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that...
‘Optimism’ for South Korean Crypto Exchanges as Gopax Makes Banking Breakthrough
16.2.2022
South Korean crypto observers are predicting a “tectonic change” in the crypto exchange sector after a fifth trading platform struck a banking deal that will allow it to resume crypto-to-fiat trading.
Yonhap reported that Gopax, one of the largest of the non-“big four” exchanges (Upbit...
Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads
16.2.2022
The lawmaker claimed that crypto is not real money and companies splurging millions on advertisements proves that
Singapore’s DBS Bank to Launch Retail-Focused Crypto Trading Desk in 2022
14.2.2022
The major Singapore-based bank DBS confirmed that it is planning to launch a retail-focused crypto trading desk in 2022, after last year doing the same for accredited investors and corporate customers.
The plans include an online portal that allows clients to place orders for various digital...
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
14.2.2022
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions...
Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport Deals With Tezos and Terra + More News
10.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport...
Kirobo CEO Asaf Naim Explains How Building a Safety Net for DeFi Users Will Make It Bigger Than Ever
10.2.2022
Kirobo is a decentralized application developer building out a suite of services focused on DeFi security and usability. With a $5 million investment from Digimax in 2021, Kirobo works to make decentralized finance as accessible and user-friendly as regular online banking. Kirobo is the proud...
Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion
9.2.2022
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency...
Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
7.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
7.2.2022
FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
7.2.2022
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access...
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
7.2.2022
A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco...
3 things the crypto sector must offer to truly mainstream with TradFi
5.2.2022
“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector
Valr Becomes Latest South African Exchange to Exit Crypto Arbitrage Market
4.2.2022
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close its arbitrage business. Ovex was one of the first...
Woori Bank to Accept Blockchain-based Driving Permits as Form of Authentication
3.2.2022
The South Korean financial giant Woori Bank has become the first commercial bank in the nation to start accepting blockchain-powered driver’s licenses as an official form of authentication....
Read More: Woori Bank to Accept Blockchain-based Driving Permits as Form of Authentication
This Is Why TradFi Will Integrate DeFi into Global Finance
2.2.2022
Hisham Khan is the Co-founder and CEO of Aldrin, a developer of a DeFi ecosystem.
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Read More: This Is Why TradFi Will Integrate DeFi into Global Finance
Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2
2.2.2022
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows...