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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jun 19, 2020

DeFi stands for decentralized finance, which owns the blockchain advantages, thus removes trusted third parties and more. DeFi will have profound impact to traditional financial industries.

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HK FinTech Week: What’s Next for Blockchain in Finance?

HK FinTech Week: What’s Next for Blockchain in Finance?

Nov 14, 2019

HK FinTech Week: What’s Next for Blockchain in Finance?

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Ways DeFi is Changing Finance and its Stand in 2020

Ways DeFi is Changing Finance and its Stand in 2020

Dec 03, 2020

Decentralized finance (DeFi) is the bridge between traditional centralized currency and decentralized cryptocurrencies like Bitcoin, Ethereum. Here's how it's changing finance.

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Finality: A Necessary Condition for Blockchain Applications in Finance

Finality: A Necessary Condition for Blockchain Applications in Finance

Oct 01, 2020

Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT).

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Coinbase Going Public Might Not Benefit Cryptocurrency Market After All

Coinbase Going Public Might Not Benefit Cryptocurrency Market After All

Jul 13, 2020

Coinbase has allegedly started moving towards a stock market listing that could reportedly occur as early as this year—but would that necessarily enhance exposure for mainstream investors to the crypto market?

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What Is a Bitcoin ETF?

What Is a Bitcoin ETF?

Nov 12, 2020

Bitcoin ETF is a type of security that tracks the overall price of Bitcoin and enables investors to trade and purchase shares of it on traditional exchanges.

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MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network

MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network

Aug 27, 2020

MasterCard patents blockchain system to help shared device merchants avoid credit card fees.

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Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey

Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey

Aug 31, 2020

Over 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value

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Twitter CEO Endorses Bitcoin For Black America

Twitter CEO Endorses Bitcoin For Black America

Feb 25, 2020

According to his tweet on February 23rd, while promoting the book discussing Bitcoin’s huge potential benefits to the African-American community, Jack Dorsey, CEO of Twitter who is no stranger to controversies in the media, used the fanbase of his Twitter platform for this cause.

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Property or Not? Bitcoin Thieves Released Because “Bitcoin is Not Property”

Property or Not? Bitcoin Thieves Released Because “Bitcoin is Not Property”

Jul 02, 2020

A Russian Court recently ruled a Bitcoin theft case as innocent, stating that Bitcoin was not considered a property. The victim sought restitution, after being robbed of 100 Bitcoins.

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DeFi Hack Linked to North Korea

DeFi Hack Linked to North Korea

Mar 20, 2023

The $197 million DeFi hack on Euler Finance has been linked to North Korea after blockchain investigator Chainalysis identified that 100 ETH from the stolen funds was transferred to an address associated with North Korea-linked actors. While Chainalysis suspected the involvement of North Korea, it highlighted the possibility of misdirection by other hackers. Euler Labs CEO expressed disappointment in the hack, revealing that ten separate audits over two years assured its security.

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Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

Oct 16, 2020

The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.

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China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

May 15, 2020

China’s Central Bank, the People’s Bank of China (PBoC) announced its development plans for outlining a blockchain-based trade finance platform for the Greater Bay Area that links Hong Kong, Guangdong, and Macao. Governing entities in China, including the PBoC, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau came together to issue the official document for the proposal. The entities submitted their suggestions on financing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on global trade and finance.

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Visa Establishes Advisory Services, Helping Clients Maneuver their Crypto Journey

Visa Establishes Advisory Services, Helping Clients Maneuver their Crypto Journey

Dec 08, 2021

As part of efforts to expand the knowledge base of its clients and partners in their cryptocurrency journey, payment giant Visa has introduced a global crypto advisory practice as part of the consulting & analytics department.

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G20 Discusses Crypto Regulations Under India Presidency

G20 Discusses Crypto Regulations Under India Presidency

Feb 28, 2023

G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.

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DeFi Broker Porter Finance Shuts Down Bond Issuance Platform

DeFi Broker Porter Finance Shuts Down Bond Issuance Platform

Jul 07, 2022

Porter Finance said low lending demand from the DeFi ecosystem has forced it to close its bond trading platform, and mentioned that it now wants to focus on other business opportunities.

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SWIFT Takes Another Shot at Cryptos, Refers to Them as "Useless and Unsteady"

SWIFT Takes Another Shot at Cryptos, Refers to Them as "Useless and Unsteady"

Sep 11, 2019

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has dropped another hammer on proponents of Bitcoin and cryptocurrencies, referring to Cryptos as “useless and unstable.”

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Sale of Asian Exchange Data Could Create Revenue Stream of $4.23 Billion Per Year Says Leading Strategy Consultants

Sale of Asian Exchange Data Could Create Revenue Stream of $4.23 Billion Per Year Says Leading Strategy Consultants

Nov 27, 2020

Quinlan & Associates, a leading independent strategy consultancy released a report exploring how Asian exchanges can monetize the large volumes of exchange data.

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Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code

Uniswap V3 Protocol License Expires, Allowing Developers to Fork Code

Apr 03, 2023

Uniswap V3 protocol’s Business Source License (BSL) has expired, allowing developers to fork the code and deploy their own decentralized exchange (DEX). The new “General Public License” now applies to the protocol. To fork the code, developers must use an “Additional Use Grant.”

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Curve Finance CEO Michael Egorov and Spouse Acquire Two Melbourne Mansions, Amassing an Impressive 5663 Square Metre Estate

Curve Finance CEO Michael Egorov and Spouse Acquire Two Melbourne Mansions, Amassing an Impressive 5663 Square Metre Estate

May 29, 2023

In an unprecedented move showcasing a hefty investment in Australia's property market, Curve Finance(CRV) CEO Michael Egorov and his wife Anna have made a grand purchase in the heart of Melbourne,

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Future of Index Funds

Future of Index Funds

Mar 17, 2021

Inspired by traditional index funds' success, Crypto20 (C20) was designed to reinvent how investors gain exposure to the broader crypto market. With cryptocurrencies long-term growth potential, an index fund is the perfect entry point for investors looking to generate exceptional returns without taking on excessive risk.

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Has the DeFi Bubble Burst? Top DeFi Tokens Crash by 50%

Has the DeFi Bubble Burst? Top DeFi Tokens Crash by 50%

Sep 09, 2020

The decentralized finance (DeFi) industry appears to be crashing, with DeFi tokens plummeting and dropping by 50% and more over the past seven days.

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Ethereum’s Sentiment on Twitter Becomes Extremely Positive as DeFi’s Value Tops $80B

Ethereum’s Sentiment on Twitter Becomes Extremely Positive as DeFi’s Value Tops $80B

Sep 02, 2021

The Ethereum (ETH) network has been experiencing an uptick in activities and this made crowd sentiment on Twitter extremely positive, as disclosed by Data analytic firm IntoTheBlock.

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Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

Jul 15, 2020

COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment.

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U.S. Homeowners Express Rising Financial Anxieties, According to FAR Survey

U.S. Homeowners Express Rising Financial Anxieties, According to FAR Survey

Aug 23, 2023

Finance of America Reverse LLC released its 2023 Home Equity Punch List, revealing that 79% of homeowners remain uneasy about the U.S. economy, with concerns about unforeseen healthcare expenses and discretionary spending. Gender differences were also noted. Home equity loans were only sought slightly more, with a lack of product knowledge contributing to financial anxiety.

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What Is Balancer?

What Is Balancer?

Oct 02, 2020

Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.

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Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Oct 27, 2020

Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.

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Yearn.Finance Founder Andre Cronje Gets Sued Over Eminence Project Hack Amid Receiving Death Threats

Yearn.Finance Founder Andre Cronje Gets Sued Over Eminence Project Hack Amid Receiving Death Threats

Oct 12, 2020

Andre Cronje has also recently been sued over his unfinished Eminence Finance (EMN) project, which has been hacked.

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Binance CEO CZ and Crypto Execs Say Traditional Finance Not Yet Ready to Embrace Digital Currencies

Binance CEO CZ and Crypto Execs Say Traditional Finance Not Yet Ready to Embrace Digital Currencies

Dec 10, 2020

Binance CEO Changepeng Zhao (CZ) and two major crypto executives believe traditional financial institutions have a long way to go before they embrace digital currencies.

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Euler Finance hacker returns $5.4M

Euler Finance hacker returns $5.4M

Mar 19, 2023

The hacker who drained $197 million from Euler Finance in the biggest DeFi hack of 2023 so far reportedly returned around $5.4 million in Ether to the company. The funds were sent in three transactions from the hacker's address to Euler Finance's deployer address, but it remains to be seen if the hacker will return the rest of the stolen funds.

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DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion

DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion

Oct 18, 2021

The Total Value Locked (TVL) in DeFi protocols have crossed the biggest range in history as it is trading at its highest value of $223 billion.

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IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

May 21, 2020

IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. Built on the latest version of the IBM Blockchain Platform, IBM has been the platform’s technology partner since the beginning. We.trade was also the first enterprise blockchain consortium to go live, back in early 2018.

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Maple Finance Loans $300m to help Struggling Bitcoin Miners

Maple Finance Loans $300m to help Struggling Bitcoin Miners

Sep 21, 2022

The lending fund is designed to support crypto mining firms impacted by the market downturn.

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Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Dec 11, 2020

Input Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.

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Mastercard Unveils Interoperable CBDC in Australia

Mastercard Unveils Interoperable CBDC in Australia

Oct 14, 2023

Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.

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Top 5 Fintech Predictions That Will Redefine The Landscape of Financial Markets in 2021

Top 5 Fintech Predictions That Will Redefine The Landscape of Financial Markets in 2021

Apr 04, 2021

Undoubtedly fintech is leading us towards an unpredictable future considering the fintech leader’s insights and predictions.

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JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform

JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform

Apr 29, 2021

JPMorgan has partnered with DBS Group Holdings and Singapore-based investment company Temasek to create a blockchain-enabled foreign exchange platform.

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Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

Sep 22, 2020

A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.

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Bank of Japan Testing Digital Yen CBDC

Bank of Japan Testing Digital Yen CBDC

Jul 03, 2020

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

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ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

Jul 22, 2022

Asia's leading digital asset exchange ZipmexX has suspended users' cryptocurrency withdrawals, citing the move as the exchange's assets could be swallowed up by the financial crisis facing the Celsius Network and cryptocurrency lender Babel Finance.

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‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing

‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing

Jul 30, 2020

In an antitrust hearing with the Judiciary Committee of US Congress, the CEOs of Amazon, Apple, Facebook and Google testified, as a continuation of an unfinished legal conversation with lawmakers.

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DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Jul 29, 2020

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

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Tether CTO: Moving DeFi forward in Asia

Tether CTO: Moving DeFi forward in Asia

Jun 12, 2020

Paolo Ardoino, CTO of Tether gives his take on the Decentralized Finance DEFI Ecosystem in Asia standing on the cusp of a global digital banking revolution.

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IOSCO to Consult on Crypto Regulation

IOSCO to Consult on Crypto Regulation

Apr 08, 2023

The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its crypto asset regulation report in Q2 2023. The final recommendations are expected to be published by the end of 2023, with separate workflows dedicated to crypto assets and decentralized finance.

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Crypto Exchange Web Traffic Hit 473.3 Million Visits in October

Crypto Exchange Web Traffic Hit 473.3 Million Visits in October

Nov 10, 2021

More participants are eyeing the cryptocurrency sector, given that the crypto exchange web traffic has witnessed a 15.5% increase month-on-month (MoM).

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Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error

Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error

Dec 15, 2023

Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.

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Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Sep 30, 2020

Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.

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Swiss Retail Bank to Offer Cryptocurrency Services

Swiss Retail Bank to Offer Cryptocurrency Services

Apr 06, 2023

PostFinance has partnered with Sygnum to offer customers cryptocurrency trading and storage services, including Bitcoin and Ether.

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Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Jul 10, 2023

Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city's Financial Secretary Paul Chan.

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Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Aug 11, 2020

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.

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Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration

Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration

Oct 09, 2023

Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.

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Hong Kong Financial Watchdog Proposes Restricting Cryptocurrency Trading to Professional Investors

Hong Kong Financial Watchdog Proposes Restricting Cryptocurrency Trading to Professional Investors

Feb 16, 2021

Hong Kong retail traders may be prohibited from trading cryptocurrencies if the city’s Financial Services and the Treasury Bureau’s proposed rule is approved.

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ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

Jan 05, 2024

ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.

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Bitcoin is Now Worth More Than Warren Buffett’s Berkshire Hathaway with a Market Value of $540 Billion

Bitcoin is Now Worth More Than Warren Buffett’s Berkshire Hathaway with a Market Value of $540 Billion

Dec 31, 2020

The price surge past $29,000 has made BTC worth more valuable than Warren Buffett's Berkshire Hathaway.

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BNY Mellon Joins the Marco Polo Network to Develop a More Open and Connected Trade Finance Network

BNY Mellon Joins the Marco Polo Network to Develop a More Open and Connected Trade Finance Network

Nov 27, 2019

The Marco Polo Network announced a new strategic partnership with the Bank of New York Mellon (BNY Mellon) to create a vast financial atmosphere that will ensure economic as well as trade growth, making BNY Mellon a member of the top network of financial institutions which leverage blockchain technology for trade finance.

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Cryptex Finance to Launch NFT Index Token JPEGz in Q4

Cryptex Finance to Launch NFT Index Token JPEGz in Q4

Oct 03, 2022

Cryptex Finance is set to launch a new JPEGz token powered by Chainlink and Coinbase Cloud.

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Lido Finance Halts Operations on Solana Following Community Consensus

Lido Finance Halts Operations on Solana Following Community Consensus

Oct 17, 2023

Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite this cessation, Lido expresses continued optimism for Solana's ecosystem.

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Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Jan 31, 2024

Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.

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Financial Stability on The Brink of Instability Due to Bigtech Companies

Financial Stability on The Brink of Instability Due to Bigtech Companies

Dec 10, 2019

FSB Worries that the development of BigTech Companies and their growing user community may cause the disintegration of banks amongst other mainstream financial systems.

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Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm

Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm

Nov 18, 2020

Yearn.finance (YFI) price has been surging in the past week, as the cryptocurrency market has seen massive bullish momentum as Bitcoin led the way.

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Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance

Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance

Mar 17, 2022

To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.

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Thailand's SEC Eyes on Decentralized Finance

Thailand's SEC Eyes on Decentralized Finance

Jun 01, 2021

Thai financial authority turn their eyes to decentralized finance regulation by requesting future DeFi-related activities to get appropriate licenses.

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DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%

DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%

Sep 17, 2020

The DeFi sector has attracted millions to billions of dollars worth of crypto to the industry, however, some protocols have shown issues.

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Basel Committee on Banking Supervision Seeks Advice on Designing Prudential Treatment for Crypto-assets

Basel Committee on Banking Supervision Seeks Advice on Designing Prudential Treatment for Crypto-assets

Dec 12, 2019

Basel Committee on Banking Supervision publishes paper going over the design for prudential treatment for crypto assets. The paper goes over areas such as risks of crypto-asset exposures, capital, and liquidity requirements, and general considerations for the prudential treatment.

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Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million

Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million

Feb 20, 2021

Ethereum (ETH) is on fire as it continues making record-breaking moves. Ether has broken the record by surging past the $2,000 mark across major exchanges.

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Accenture Forms Strategic Partnership with TradeIX, Joining the Marco Polo Network

Accenture Forms Strategic Partnership with TradeIX, Joining the Marco Polo Network

Dec 17, 2019

Professional services firm Accenture has partnered with TradeIX to create new use cases for the buyers and sellers in the trade finance market. TradeIX, a trade finance blockchain startup, previously launched the Marco Polo Network along with R3.

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Ethereum Projects Launch MEV Blocker to Minimize Invisible Tax

Ethereum Projects Launch MEV Blocker to Minimize Invisible Tax

Apr 06, 2023

27 Ethereum projects have launched MEV Blocker, a solution to reduce maximally extractable value (MEV), or Ethereum's invisible tax. MEV Blocker is a free tool developed to counter MEV bots that hijack transactions and inflate prices for users. It sends at least 90% of profits back to users and can protect them from frontrunning and sandwiching when using any Ethereum DApp.

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Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Aug 13, 2020

Coinbase announced yesterday that it was going to offer Bitcoin-backed loans to their US customers, set to be in effect for fall of this year.

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Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity

Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity

Mar 10, 2022

To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.

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Blockchain.News Presents: State of DeFi Survey

Blockchain.News Presents: State of DeFi Survey

Oct 11, 2019

Blockchain.News State of DeFi Survey

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UK Watchdog Proposes Tougher Advertising Rules

UK Watchdog Proposes Tougher Advertising Rules

Feb 08, 2023

If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.

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FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously

FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously

Sep 30, 2020

Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.

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Winklevoss Backs Ethereum DeFi Craze, Despite Crypto Downtrend and Market Experts' Concerns

Winklevoss Backs Ethereum DeFi Craze, Despite Crypto Downtrend and Market Experts' Concerns

Sep 24, 2020

With speculations that the decentralized finance (DeFi) industry is rapidly approaching bubble territory, the Winklevoss twins have vouched for the contrary, saying that the current DeFi craze is a revolution in the making.

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Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"

Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"

Aug 26, 2019

Set out to rid the decentralized finance space, free from scammers, DeFi creators tried to patent the term ‘DeFi’. However, this was short-lived as the United States Patent and Trademark Office rejected the registered application last January.

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SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023

SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023

Sep 25, 2023

SlowMist, a cybersecurity firm specializing in blockchain, released its weekly security report for the week of September 17-23, 2023. The report highlights a total of seven security incidents with an estimated loss of around $380,600. The week saw a significant rise in phishing attacks and rug pull tactics, as well as the emergence of diverse attack methods like DNS hijacking and contract vulnerabilities.

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ConsolFreight Releases New Proof Of Concept To Advance The Role Of Logistics Providers In Trade Finance

ConsolFreight Releases New Proof Of Concept To Advance The Role Of Logistics Providers In Trade Finance

Nov 04, 2019

"Banks are short-sighted in determining and validating the value of the goods being financed. They have drawn a very distinctive line between Logistics and Financial institutions, where the value of the assets is entirely disconnected from the process. Thus, leaving an untapped market of unfulfilled credit demand estimated at $1.6 trillion," says ConsolFreight's CEO, Ernesto Vila.

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Global Microfinance Market Projected to Reach $506 Billion by 2030

Global Microfinance Market Projected to Reach $506 Billion by 2030

Oct 04, 2023

The global microfinance market, valued at $200 billion in 2022, is expected to grow to $506 billion by 2030, according to a new report by ResearchAndMarkets.com. The market is set to expand at a CAGR of 12.3% from 2022 to 2030. Microenterprises are identified as a vital growth driver for Microfinance Institutions (MFIs). The report also highlights the role of emerging technologies like AI and blockchain in shaping the industry.

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European Crypto Startups See Record VC Investment in 2022

European Crypto Startups See Record VC Investment in 2022

Mar 28, 2023

Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023.

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Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?

Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?

Aug 28, 2020

Yearn.finance (YFI) token has seen a new all-time high, surging past $18K at $18,169, after soaring 30 percent in the past 12 hours.

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Crypto Trading Income eToro Spikes to $264 Million in Q2

Crypto Trading Income eToro Spikes to $264 Million in Q2

Aug 26, 2021

eToro has posted a massive increase in cryptocurrency income that accounts for 73% for its entire trading commissions in the second quarter 2021. The company’s latest financial results provide more evidence that the cryptocurrency boom is more than just hype.

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The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’

The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’

Oct 21, 2020

The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.

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Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

Jun 20, 2020

As the opt-out movement gains steam, another group of people may end up pushing crypto into the mainstream: old people and business leaders.

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Ondo Points Program Launches

Ondo Points Program Launches

Jan 22, 2024

Ondo Foundation's new Ondo Points program and ONDO token unlock plan mark significant steps in community engagement and token utility in the DeFi sector.

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Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Nov 15, 2019

The Thai government has remained visible as one of the leading governments committed to adopting blockchain technology. Many innovations concerning blockchain use cases can be learned from the government.

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Euler Finance suffers $197M DeFi hack

Euler Finance suffers $197M DeFi hack

Mar 15, 2023

Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds.

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Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens

Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens

Oct 12, 2023

Michael Egorov, the founder of Curve Finance, withdrew nearly 12 million CRV tokens, equivalent to $5.08 million, from the platform's vesting contracts on October 12, 2023. This move aligns with the vesting schedule of CRV, enabling Egorov to claim $235,000 worth of CRV daily.

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Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Sep 30, 2020

Andre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance.

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Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System

Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System

Aug 01, 2020

Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.

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Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

Sep 27, 2019

Greta Thunberg, the 16-year-old has been on the headlines for the global climate crisis movement and has delivered a compelling speech at the 73rd United Nations General Assembly (UNGA).

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Crypto Bloodbath Spills to DeFi as TVL Nosedives

Crypto Bloodbath Spills to DeFi as TVL Nosedives

Jun 14, 2022

The DeFi Total Value Locked (TVL) has also plunged in tandem, dropping to $83 billion at the time of writing.

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Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Sep 02, 2021

Cream Finance has plans to refund victims of its latest network attack.

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Trade Finance Platform We.Trade on the Brink of Liquidation, Report says

Trade Finance Platform We.Trade on the Brink of Liquidation, Report says

Jun 06, 2022

We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.

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Thetanuts Finance Grabs $18M Funding Round to Democratize DeFi Structured Products

Thetanuts Finance Grabs $18M Funding Round to Democratize DeFi Structured Products

Mar 01, 2022

Thetanuts Finance raised the investment through the help of major investors. The decentralized finance firm plans to use the funds raised to make DeFi structured products accessible to all users, including retail investors.

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US Treasury Secretary Yellen Optimises to Recognize Crypto Role in Finance

US Treasury Secretary Yellen Optimises to Recognize Crypto Role in Finance

Mar 28, 2022

Janet Yellen said that the benefits of cryptocurrency are clear and the US Treasury Department acknowledges the role it plays in the current landscape.

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Binance Invests Heavily in Chinese Crypto Media Firm

Binance Invests Heavily in Chinese Crypto Media Firm

Sep 18, 2019

According to a Bloomberg report, Binance has debuted an investment in China With a crypto Media and data sourcing company, Mars Finance.

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Bitcoin Price and the Global Financial Crisis: Everybody's Looking at the Wrong Markets

Bitcoin Price and the Global Financial Crisis: Everybody's Looking at the Wrong Markets

Apr 27, 2020

While everybody obsesses over stock markets, bailouts, and inflation, the biggest global financial risks come from the collapse of debt markets. What does this mean for bitcoin?

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Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Jan 08, 2024

Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.

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Babel Finance Halts Withdrawals as Crypto Market Plunges

Babel Finance Halts Withdrawals as Crypto Market Plunges

Jun 19, 2022

Amid the current selloff, Babel Finance has become the latest to suspend withdrawals. The crypto lender said that its woes are triggered by the current difficult market conditions.

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White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

Feb 11, 2020

Cryptocurrencies, and other technological advancements, projected as a threat to the international financial marketplace, the department believes has contributed to more groups of criminal organizations and more links between financial and electronic crimes combined.

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US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

Mar 29, 2023

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.

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Yearn.finance Announces Partnership With Cream and New Lending Project: Stable Credit

Yearn.finance Announces Partnership With Cream and New Lending Project: Stable Credit

Nov 27, 2020

Yearn.finance founder Andre Cronje has recently published details of an upcoming integration with Cream, a DeFi lending protocol.

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Defi Wallet Unstoppable Finance Raises $12.8M in Series A Fund

Defi Wallet Unstoppable Finance Raises $12.8M in Series A Fund

Aug 11, 2022

Berlin-based Unstoppable Finance has announced a €12.5 million ($12.8 million) Series A round led by Lightspeed Venture Partners.

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Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion

Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion

Dec 08, 2020

Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.

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DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools

DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools

Nov 07, 2022

DeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.

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EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management

EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management

Jan 08, 2020

Blockchain.News sat down with Jimmy Ong, EY Asia-Pacific Blockchain Leader to take a deep dive in EY Ops Chain and EY Blockchain Analyzer. In particular, we explore how EY Ops Chain facilitates a more transparent public finance tracking. Ong also shared an interesting use case when EY Ops Chain enables the tracking of blood in Canada.

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5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

Oct 26, 2022

At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.

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Crema Finance Hacker Returns Stolen Crypto Following Negotiation

Crema Finance Hacker Returns Stolen Crypto Following Negotiation

Jul 07, 2022

Crema Finance has received 6,064 ETH ($7 million) and 23,967 SOL ($870,000) from a hacker who had stolen 69,422.9 SOL and 6,497,738 USDC stablecoin (roughly $9 million) following a negotiation.

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DeFi Growth Could be Hindered if US Regulators Go After Decentralized Exchanges

DeFi Growth Could be Hindered if US Regulators Go After Decentralized Exchanges

Oct 07, 2020

Recently many DeFi tokens have plunged drastically in the past few weeks, with Uniswap’s UNI token and Yearn.finance (YFI) plunging over 38 percent.

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Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

May 13, 2022

With a broad-based caution being exercised by investors with regards to risk assets, there has been a massive outflow of funds from DeFi protocols as many investors anticipate calm to re-engulf the ecosystem.

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South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

Nov 10, 2019

The Centre for Affordable Housing Finance in Africa (CAHF) has teamed up with Seso Global, a blockchain property registry company, to develop the first-ever blockchain-powered property register in South Africa.

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PwC Global Crypto Leader Henri Arslanian on the Future of the Crypto Ecosystem

PwC Global Crypto Leader Henri Arslanian on the Future of the Crypto Ecosystem

Feb 10, 2020

Henri Arslanian, the PwC Global Crypto Leader, Chairman of the FinTech Association of Hong Kong, is the highest-profile FinTech consultant in Hong Kong according to Chambers Global. Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech. The Asian Financial Forum brought over 3,500 speakers and influential financial experts, policymakers, and business leaders.  

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China and Singapore establish task force for green finance cooperation

China and Singapore establish task force for green finance cooperation

Apr 24, 2023

China and Singapore have formed a task force to collaborate on green and transition finance initiatives. The China-Singapore Green Finance Taskforce (GFTF) will focus on developing financial standards, products, and technologies to support a low-carbon future in the region. The task force will also facilitate greater public-private sector collaboration and strengthen sustainability bond market connectivity.

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Composable Finance Wins Polkadot Parachain Auctions

Composable Finance Wins Polkadot Parachain Auctions

Jan 14, 2022

Composable Finance, a robust cross-chain and cross-layer infrastructure with intuitive tools for developers, has won the 8th slot in the 7th Polkadot Parachain auctions.

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The DeFi space is on a path of steady recovery as good actors

The DeFi space is on a path of steady recovery as good actors

Feb 09, 2023

Yearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.

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DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes

Oct 26, 2020

Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.

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Third Co-Founder of Centra Tech Pleads Guilty for $25 Million ICO Fraud

Third Co-Founder of Centra Tech Pleads Guilty for $25 Million ICO Fraud

Jul 14, 2020

It has recently been announced that the third co-founder of Centra Tech has agreed to plead guilty for his role in the $25 Million Initial Coin Offering (ICO) Scam his cryptocurrency firm was involved in.

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Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi

Tezos Integrates Harbinger Price Oracle As Network Prepares For DeFi

Aug 26, 2020

Tezos is taking another step towards decentralized finance (DeFi) with a delegated price feed oracle called Harbinger.

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Curve Finance and the Vyper Vulnerability: A Technical Post-Mortem Report

Curve Finance and the Vyper Vulnerability: A Technical Post-Mortem Report

Aug 06, 2023

Curve Finance suffered an exploit on July 30, 2023, due to a Vyper compiler vulnerability in versions 0.2.15, 0.2.16, and 0.3.0, affecting multiple liquidity pools.

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Swiss-based Crypto Firms Selects Tezos for Tokenizing Finance Products

Swiss-based Crypto Firms Selects Tezos for Tokenizing Finance Products

Aug 25, 2021

Swiss firms, Crypto Finance Group, InCore Bank, and Inacta have tapped the power of Tezos blockchain to launch tokenized finance products.

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Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Feb 17, 2021

According to a survey, about 70% of financial executives said that they are watching closely what others are doing with Bitcoins and they would still like to hear more from regulators about the digital currency before allocating a portion of their company's cash reserves to the cryptocurrency.

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US Senate Finance Committee Seeks Input on Taxation of Digital Assets

US Senate Finance Committee Seeks Input on Taxation of Digital Assets

Jul 12, 2023

The US Senate Finance Committee has issued an open letter to the digital asset community and other interested parties, seeking their input on the taxation of digital assets. The letter, dated July 11, 2023, was signed by Chair Ron Wyden and Ranking Member Mike Crapo.

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Uniswap's Front-End Fees Surpass $1 Million

Uniswap's Front-End Fees Surpass $1 Million

Nov 13, 2023

Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.

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Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

Oct 08, 2020

The rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.

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PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

Nov 13, 2020

PayPal’s crypto services are officially available for use in the United States. In response to the announcement, Bitcoin's price spiked and pushed past $16K.

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Nested Raises a $7.5M Seed Funding, Expanding  DeFi Social Trading Products & Network

Nested Raises a $7.5M Seed Funding, Expanding DeFi Social Trading Products & Network

Mar 03, 2022

Nested wants to use the funds raised to fuel its DeFi social trading platform’s product offering and network across the world.

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Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch

Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch

Sep 01, 2020

Yearn.finance (YFI) token has seen a new all-time high, reaching $39,600 on Binance, just a day after its previous new high of $38,000. What's behind the surge?

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Gitcoin Pivots to Ethereum Grants

Gitcoin Pivots to Ethereum Grants

Feb 07, 2024

Gitcoin, the open-source funding platform, announces a strategic shift from public goods funding to concentrate on grants infrastructure for the Ethereum ecosystem. This reorganization aims to enhance technological development within Ethereum, transitioning from a flat organizational structure to a more defined "Labs" model for improved efficiency and direction.

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Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions

Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions

Jul 21, 2020

Finastra and Microsoft Corp have announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services and help realise and open source future for finance.

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Platypus Finance Suffers Exploit Resulting in Over $2M Loss

Platypus Finance Suffers Exploit Resulting in Over $2M Loss

Oct 12, 2023

Platypus Finance, a DeFi protocol on the Avalanche blockchain, suffered an exploit on 12th October 2023, leading to a loss of over $2 million. The protocol had temporarily suspended all pools due to suspicious activities and is working towards resolving the issue. Blockchain security firm PeckShield Inc identified and disclosed the exploit, underscoring the need for enhanced security measures in the DeFi space.

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Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked

Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked

Oct 09, 2020

Decentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.

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Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Nov 03, 2020

Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.

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Curve Finance Submits Application for 1 Million OP Token Grant

Curve Finance Submits Application for 1 Million OP Token Grant

Jul 26, 2022

Curve Finance has submitted a governance proposal on Optimism for a 1 million OP token grant, according to a post on the Optimism forum submitted on July 24.

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Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Apr 28, 2021

Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.

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US Blockchain Firm Ripple Considers Relocation to UK and Singapore for Better Crypto Regulatory Clarity

US Blockchain Firm Ripple Considers Relocation to UK and Singapore for Better Crypto Regulatory Clarity

Oct 28, 2020

Ripple CEO explains why he is considering UK and Singapore as potential countries to move blockchain firm Ripple's operations to.

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Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

May 14, 2021

Ethereum's total fees has hit a monthly high of 746.026 ETH.

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Transit Finance Convinces Hacker to Return $2m to Protocol

Transit Finance Convinces Hacker to Return $2m to Protocol

Oct 11, 2022

Transit Finance protocol has announced there is an agreement to return at least $10,000 BNB tokens gradually after conversations with the biggest hacker.

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dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

Nov 19, 2023

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

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Digital Transformation in Finance and Accounting Accelerated by Pandemic, ISG Reports

Digital Transformation in Finance and Accounting Accelerated by Pandemic, ISG Reports

Aug 23, 2023

The 2023 ISG Provider Lens™ report highlights the global transformation of finance and accounting departments due to COVID-19 lockdowns and remote work, relying on external providers for digital strategies and outcome-based contracts.

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China's Vice President Wang Qishan: World Economy In Deep Recession, Finance Is The Core of Modern Economy

China's Vice President Wang Qishan: World Economy In Deep Recession, Finance Is The Core of Modern Economy

Oct 25, 2020

During Qishan Wang's speech, the Vice President of the People's Republic of China gave an overview of the world trend in economic development and finance.

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Mogul Productions Implements Chainlink Oracles to Optimize Film Financing

Mogul Productions Implements Chainlink Oracles to Optimize Film Financing

Feb 14, 2021

Some industries are reluctant to change because they benefit a small group of people or firms; film financing fits this category. Mainly restricted to established companies, funding and producing an independent movie can be extremely challenging without the right backers. One project looking to remedy that is Mogul Productions, a blockchain-based, decentralized film financing platform.

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Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom

Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom

Oct 20, 2020

Ethereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?

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In Talks with "Interested Parties" for Bailout, Says Zipmex

In Talks with "Interested Parties" for Bailout, Says Zipmex

Jul 25, 2022

Zipmex cryptocurrency trading platform is looking ahead as it has confirmed that it is in talks with interested parties who would like to bail out the platform from its recently identified woes.

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Ethereum Transactions Hit A Record-High of 1.4 Million

Ethereum Transactions Hit A Record-High of 1.4 Million

Sep 19, 2020

The Ethereum network has reached a notable milestone in its daily transactions after hitting an all-time high of 1,406,016 as availed by Etherscan data on September 17. It broke the previous record of 1.35 million attained on January 4, 2018.

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3AC Withdraws $45m from Curve and Convex amid Bankruptcy

3AC Withdraws $45m from Curve and Convex amid Bankruptcy

Sep 07, 2022

Three Arrows Capital (3AC) might have declared bankruptcy, but the firm is still conducting a number of robust transactions according to insights derived from on-chain data.

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Yearn.finance Proposal to Create ETH 2.0 Validator Vault Could be a Game-Changer for Staking

Yearn.finance Proposal to Create ETH 2.0 Validator Vault Could be a Game-Changer for Staking

Nov 10, 2020

Retail investors could soon have the opportunity to earn on ETH 2.0 if a proposal on Ethereum 2.0 validator vault on Yearn passes.

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Brazil Could Deploy CBDC by 2022, Says Central Bank President

Brazil Could Deploy CBDC by 2022, Says Central Bank President

Sep 04, 2020

According to Brazil’s Central Bank president Roberto Campos Neto, the country has all the necessary implementations set in place for a digital currency issuance to happen in 2022.

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Platypus Launches Native Stablecoin USP

Platypus Launches Native Stablecoin USP

Dec 14, 2022

Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.

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Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI

Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI

Jul 16, 2021

Ethereum's price drop hasn’t dampened its spirits to offer an impressive return on investment (ROI) so far this year compared to tech stocks like Microsoft, Facebook, and Apple.

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China’s First National Level Blockchain Cross-Border Financial System Goes Live

China’s First National Level Blockchain Cross-Border Financial System Goes Live

Jun 15, 2020

China Guangfa Bank (CGB), a major Chinese bank, has officially launched the blockchain-based cross-border financial service platform on June 15, with the guidance of the Guangdong Branch of the State Administration of Foreign Exchange.

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Hong Kong's Financial Secretary Propels Web3 Expansion

Hong Kong's Financial Secretary Propels Web3 Expansion

Aug 27, 2023

Hong Kong's Financial Secretary, Paul, has highlighted the growing significance of digital entertainment as an economic sector. The government has allocated HKD 50 million to support a thriving Web3 ecosystem, with over 180 companies involved.

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Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan

Jul 15, 2020

The Japanese Government has continued its acceleration towards a Central Bank Digital Currency (CBDC) and is set to include its consideration in its formal economic plan.

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Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates

Apr 26, 2021

Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.

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Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills

Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills

Aug 10, 2023

Maple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills.

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US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC

US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC

Nov 10, 2020

The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).

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Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Jun 30, 2021

Decentralized lending platform Cream Finance officially announced integrating with Polygon by launching its money markets on the Ethereum layer 2 scaling solution Polygon network.

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What is DeFi: The Ultimate Guide to Decentralized Finance Technology

What is DeFi: The Ultimate Guide to Decentralized Finance Technology

Feb 29, 2020

The concept of decentralized finance (DeFi) has become so potent that it is difficult to separate the prospect of blockchain and crypto from the success or failure of DeFi as the ideal alternative to traditional financial systems. Owing to the importance of innovations classified as DeFi to the crypto economy, here are four fundamentals of DeFi.

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Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Feb 18, 2019

We conducted an interview with the Founder and CIO of CryptAM, a Fintech firm that offer high net-worth and institutional investors access and diversification into the digital asset market. He also shared with us his views and insights on the current digital asset landscape.

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UAE Rolls Out Blockchain-Powered Trade Finance Platform to Fight Fraud

UAE Rolls Out Blockchain-Powered Trade Finance Platform to Fight Fraud

Apr 19, 2021

The United Arab Emirates (UAE) has launched a blockchain-enabled trade finance platform dubbed UAE Trade Connect to curb economic crimes like money laundering, under-invoicing, and fraud.

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Yearn.finance’s YFI Token Pumps to a New Record High of $95K

Yearn.finance’s YFI Token Pumps to a New Record High of $95K

May 12, 2021

Yearn.finance's governance token YFI set a new record high of $95,000 today.

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Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Aug 05, 2020

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

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Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

Aug 31, 2020

The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.

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JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

Apr 08, 2021

In a letter to his shareholders, JPMorgan CEO Jamie Dimon cited the need for regulatory clarity for Bitcoin and other cryptocurrencies.

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CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

Aug 22, 2020

US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.

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US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

Jul 13, 2020

The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).

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Hacker moves stolen funds after bounty launch

Hacker moves stolen funds after bounty launch

Mar 17, 2023

The hacker who stole $196 million from Euler Finance has transferred $1.65 million through Tornado Cash, after a $1 million bounty was launched. Victims pleaded for return of funds, but the hacker's move to a crypto mixer suggests they may not be swayed. On-chain data shows the stolen funds consisted of DAI, USDC, staked ETH and WBTC.

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DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion

DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion

Aug 31, 2020

DeFi's value keeps surging with Decentralized Finance’s locked in value now at over $9 Billion

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FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

Dec 29, 2020

The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.

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Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance

Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance

Jun 29, 2023

Compound's Founder and CEO, Robert Leshner, has announced the launch of a new venture, Superstate (@superstatefunds). "Superstate's mission is to create regulated financial products that bridge traditional markets & blockchain ecosystems," said Leshner, signaling a significant shift in the financial industry.

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IBM Blockchain in Action: What are the Benefits?

IBM Blockchain in Action: What are the Benefits?

Jan 07, 2020

In first and second parts of our interview with Alan Lim, the Program Director of IBM Blockchain Lab in the Asia Pacific, we explored the idea of data standards to improve the supply chain industry, as well as the IBM Food Trust, a food provenance network that allows food products to be traced and tracked. Digging deeper into IBM Blockchain, what else has the company been working on?

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Bitcoin Provides a Check Against Economic Mismanagement, says US Politician

Bitcoin Provides a Check Against Economic Mismanagement, says US Politician

Mar 04, 2021

US politician Ro Khanna has shared a tweet that is bullish on Bitcoin. He also advocated for sustainable cryptocurrency mining operations.

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ChatGPT in Finance: A New Era of Ethical Considerations and Solutions

ChatGPT in Finance: A New Era of Ethical Considerations and Solutions

Jan 24, 2024

ChatGPT is revolutionizing the finance sector, bringing innovative applications and ethical challenges. This article explores its uses, the ethical concerns it raises, and potential solutions for a responsible future in finance.

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Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency

Nov 24, 2020

Another project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.

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Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

Aug 11, 2020

With the recent boom of the decentralized finance (DeFi) industry, DeFi tokens have undergone more than a 100% gain on the crypto market over the past few weeks, outperforming Bitcoin.

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Huobi Exchange Floats Investment Arm Ivy Blocks

Huobi Exchange Floats Investment Arm Ivy Blocks

Jun 12, 2022

Huobi Exchange, one of the largest trading platforms in the world has launched its investment arm, dubbed Ivy Blocks as it seeks to deepen its foothold in the growing Web3.0 ecosystem

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R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth

R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth

Mar 27, 2020

The Marco Polo Network announced on Thursday that India’s leading provider of digital transformation, Tech Mahindra became the first corporate in India to join the R3’s open-source blockchain-based Marco Polo Network for facilitating cross-border transactions.

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US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

Aug 19, 2020

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

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Goldman Sachs Applies for a DeFi and Blockchain ETF to Optimize Investment Results

Goldman Sachs Applies for a DeFi and Blockchain ETF to Optimize Investment Results

Jul 27, 2021

Banking giant Goldman Sachs applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission intended to maximize investment results based on the performance of the Solactive DeFi and Blockchain index.

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Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

Feb 23, 2021

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

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Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Jun 22, 2020

Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.

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Italian Banking Association Chose Decentralized Blockchain Route

Italian Banking Association Chose Decentralized Blockchain Route

Jul 09, 2020

The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.

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Crypto Gains Flattens But These Altcoins Are Set to Cool Off

Crypto Gains Flattens But These Altcoins Are Set to Cool Off

Jul 10, 2022

Per the top 100 cryptocurrencies listed on CoinMarketCap, Aave (AAVE), Quant Network (QNT), and Convex Finance (CVX) recorded the most bullish growths within this time frame

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OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets

OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets

Jan 22, 2021

BOSTON, MA – JANUARY 20, 2021 - Financial Instruments Global Identifier® (FIGI®) is an open standard for the issuance of unique identifiers that can be assigned to financial instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products.

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Institutional Bitcoin Adoption in Asia is Making a Big Step Forward

Institutional Bitcoin Adoption in Asia is Making a Big Step Forward

Apr 29, 2021

Bitcoin adoption in Asia is taking a new turn as more institutional investors are joining the network.

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Crypto is Becoming the Lifeline for Ordinary Russians, Coinbase CEO Says

Crypto is Becoming the Lifeline for Ordinary Russians, Coinbase CEO Says

Mar 07, 2022

Meanwhile, as the war between Russia and Ukraine ravages, Coinbase CEO Brian Armstrong believes that cryptocurrencies are emerging as the lifeline for Russians as the nation faces heavy sanctions.

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American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens

American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens

Apr 07, 2022

To offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank has partnered with Bakkt.

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Blockchain in Fintech Sector Expected to Hit $31.4B by 2030

Blockchain in Fintech Sector Expected to Hit $31.4B by 2030

Aug 09, 2022

Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.

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Bitcoin's Correlation with S&P 500 at a Nine Year Peak, says Quantum Economics Founder Mati Greenspan

Bitcoin's Correlation with S&P 500 at a Nine Year Peak, says Quantum Economics Founder Mati Greenspan

Apr 28, 2020

Mati Greenspan, founder of Quantum Economics believes the coronavirus pandemic has brought Bitcoin closer to the S&P 500 than ever before.

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Babel Finance Lost Over $280m in Proprietary Trading with Customer Funds

Babel Finance Lost Over $280m in Proprietary Trading with Customer Funds

Jul 29, 2022

Babel Finance has undergone severe loss as it executed proprietary trading with customer funds. The Asian crypto lender is in trouble and has abruptly suspended client withdrawals from last month.

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HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

Sep 20, 2022

Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group.

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One Thing Needs to Happen Before Bitcoin Booms

One Thing Needs to Happen Before Bitcoin Booms

Jul 26, 2020

No matter bitcoin's price or how well it performs as an investment asset, most people will not put any money into it until its price goes up for a while.

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Radiant Capital Suffers $4.5M Flash Loan Attack

Radiant Capital Suffers $4.5M Flash Loan Attack

Jan 04, 2024

Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.

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RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

Aug 18, 2020

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

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Magnate Finance Deployer Gained $16.7M in Rug Pulls and MAG Down Over 90%

Magnate Finance Deployer Gained $16.7M in Rug Pulls and MAG Down Over 90%

Aug 25, 2023

Magnate Finance, a project on Coinbase's BASE platform, has been linked to a series of rug pulls totaling $16.7M. The deployer, known for real-time risk alerts, has connections to other significant scams, including Solfire's $4.8M scam and Kokomo Finance's $5.5M scam. Magnate Finance's protocol token MAG has experienced a 90% drop, highlighting the inherent risks in the decentralized finance sector.

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PureFi Introduces SafeTransact to Enhance Web3 Security

PureFi Introduces SafeTransact to Enhance Web3 Security

Apr 12, 2023

PureFi has launched SafeTransact, a new security method that examines blockchain transactions and notifies users of any suspicious activities. The system is designed to integrate with AMLSafe, a multi-crypto wallet from the same ecosystem. SafeTransact aims to improve the security of Web3 transactions and address the potential hacking threats to blockchain networks.

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Jay Z-Backed Ethereum App Platform Officially Opens Doors to Public

Jay Z-Backed Ethereum App Platform Officially Opens Doors to Public

Aug 12, 2020

Blockchain startup Alchemy has recently announced that the blockchain developer platform was perfected and now open to any companies or individuals looking to build smart contract-based projects.

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Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi

Crypto Addresses Holding At Least 100 Ethereum Hit 19-Month Low as 8.2% of Circulating ETH Locked in DeFi

Mar 23, 2021

New data by on-chain data provider Glassnode reveals that the number of crypto addresses holding more than 100 ETH has hit a 19-month low of 45,518.

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bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions

bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions

Apr 13, 2022

As a critical infrastructure provider for quick decentralized finance (DeFi) trades on Ethereum, Polygon, and Binance Smart Chain, bloXroute has raised $70 million in Series B funding to boost its quest of reducing latency on blockchain networks.

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Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?

Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?

Nov 14, 2020

On a forum, the Chief Development Officer of HKbitEX said that she hoped the company would issue its first security token offering (STO) project in 2021.

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Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

Jul 27, 2020

Top banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.

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Billionaire Entrepreneur Mark Cuban Invests in Polygon,Driving it to Surge by 12645% on a Year-to-Date Basis

Billionaire Entrepreneur Mark Cuban Invests in Polygon,Driving it to Surge by 12645% on a Year-to-Date Basis

May 26, 2021

Today, Mark Cuban, an American billionaire entrepreneur, officially supports the Polygon network-which drives Polygon's token MATIC to surge by 12645% on a year-to-date basis.

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Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward

Nov 18, 2020

Financial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be driven forward.

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Traditional Finances Reimagined: The Future of Digital Finance

Traditional Finances Reimagined: The Future of Digital Finance

May 19, 2021

Traditional financial institutions such as banks are no longer the only option. The financial services industry will be decentralized and digital in the future.

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Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

Sep 17, 2020

TheDoJ has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes.

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Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Sep 03, 2021

Standard Chartered, the British multinational bank (MNB), announced recently that the corporation would be joining the crypto and digital finance industry membership body Global Digital Finance (GDF) Patron Board.

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Thetanuts Finance Launches Stronghold Vaults With Organic Yield Generation & Risk Diversification

Thetanuts Finance Launches Stronghold Vaults With Organic Yield Generation & Risk Diversification

Jun 08, 2022

Thetanuts Finance, a structured DeFi platform that simplifies the process of options trading, today announced the launch of the Thetanuts Stronghold index vault, a new trading product that offers non-inflationary return opportunities, thoughtful risk management and a radically simpler user experience.

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Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources

Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources

Jul 04, 2022

Babel Finance has tapped restructuring specialist Houlihan Lokey to explore options for reworking its debt. The firm faces financial difficulties triggered by the current extreme market conditions.

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How And Why Can Collateral Be Used For Financial Services?

How And Why Can Collateral Be Used For Financial Services?

May 05, 2021

As the cryptocurrency industry provides access to financial products such as loans, it is essential to understand the importance of collateral.

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Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance

Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance

Aug 12, 2022

Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11.

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ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro

Jul 07, 2020

Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).

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Binance Acquisition of CoinMarketCap for $400M Just a Stone’s Throw Away

Binance Acquisition of CoinMarketCap for $400M Just a Stone’s Throw Away

Apr 01, 2020

Binance, one of the largest crypto exchanges globally, is reportedly ready to splash out nearly $400 million USD to attain CoinMarketCap, the most popular crypto data aggregator. It is alleged that the deal is in the final stages, and it is just a matter of time before it is revealed later this week.

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Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected

Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected

Oct 08, 2020

For the past few weeks, the DeFi market has seen major losses, including Yearn.finance’s YFI token, Uniswap’s token, SushiSwap’s token, and Curve’s token.

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U.S. Financial Regulators Warn Crypto Firms to Tighten Stablecoin AML Risk Controls

U.S. Financial Regulators Warn Crypto Firms to Tighten Stablecoin AML Risk Controls

Dec 24, 2020

U.S. regulators have issued a strict warning on money laundering risks associated with stablecoins and has warned providers to tighten AML protections and controls.

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Cardano Working With SA Blockchain Alliance to Free African Enterprise from Politically Entrenched Legacy Banking Systems

Cardano Working With SA Blockchain Alliance to Free African Enterprise from Politically Entrenched Legacy Banking Systems

Apr 09, 2020

The Cardano Foundation has partnered with the South African National Blockchain Alliance (SANBA) in a bid to expand blockchain adoption and bring financial inclusion to the country of 59 million.

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Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Jun 26, 2023

Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0.

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What Is Apeswap.Finance? Complete Guide to New Decentralized Exchange

What Is Apeswap.Finance? Complete Guide to New Decentralized Exchange

Aug 06, 2021

Apeswap offers new and exciting ways for DeFi users to create wealth as a vibrant ecosystem. The platform provides various services, including seamless payment solutions, lending, derivatives, staking, tokenized assets, alternative savings.

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HSBC Prohibits Clients from Trading Bitcoin-Backed MicroStrategy Stock

HSBC Prohibits Clients from Trading Bitcoin-Backed MicroStrategy Stock

Apr 13, 2021

HSBC has ramped up its anti-crypto policy, banning its clients from trading MicroStrategy stock as the banking institution deems it to be “a virtual currency product.”

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Could DeFi’s Yield Farming Craze Hinder Ethereum 2.0’s Upcoming Launch?

Could DeFi’s Yield Farming Craze Hinder Ethereum 2.0’s Upcoming Launch?

Oct 30, 2020

According to a report by ConsenSys, high yields gained from DeFi protocols running on the Ethereum blockchain may be problematic for ETH 2.0 in the long run.

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Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing

Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing

Jul 23, 2020

Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.

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Indonesian Scholarly Body Majelis Ulama Indonesia (MUI) Says Crypto as Commodity or Digital Asset is Haram

Indonesian Scholarly Body Majelis Ulama Indonesia (MUI) Says Crypto as Commodity or Digital Asset is Haram

Nov 12, 2021

The Ulema Council (MUI) has spoken against the engagement with digital currencies for Muslims in Indonesia, saying the nascent asset class is haram.

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"Buckle Up" For Bitcoin's Next Bull Run, Cameron Winklevoss Says

"Buckle Up" For Bitcoin's Next Bull Run, Cameron Winklevoss Says

Jul 30, 2020

Gemini co-founder Cameron Winklevoss believes that the next Bitcoin bull run coming up will be "dramatically different,” due to the innovative financial resources that crypto investors have access to nowadays and to the current economic infrastructure.

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Cardano Addresses Fake ADA Giveaway Claims on YouTube

Cardano Addresses Fake ADA Giveaway Claims on YouTube

Jul 13, 2020

Cardano CEO Charles Hoskinson has once again come forward to address the issue of cryptocurrency scams targeting his ADA empire and has been quick to refute any associations phishers made with the Cardano Foundation.

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Russian Finance Ministry Believes Crypto Should be Regulated not Banned

Russian Finance Ministry Believes Crypto Should be Regulated not Banned

Jan 26, 2022

The Ministry of Finance in Russia believes that the ban on crypto-assets should be shelved. Proper regulations would provide both transparency and protection to citizens.

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US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

Aug 28, 2020

The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.

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$1 Million in USDT Refunded After DeFi Mistake

$1 Million in USDT Refunded After DeFi Mistake

Sep 16, 2020

Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.

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The J’JO Investment Service Will Be Launched in Mid-May

The J’JO Investment Service Will Be Launched in Mid-May

May 05, 2021

A startup headquartered in Estonia is launching the J'JO Investment Service, which aims to provide ordinary users the opportunity to professionally invest in the cryptocurrency market.

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Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto

Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto

Sep 28, 2020

While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.

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Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Feb 08, 2024

Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.

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Yearn Finance (YFI) DeFi Token Hits $38K, Smashing Bitcoin's Price Record with 3,500% Price Surge

Yearn Finance (YFI) DeFi Token Hits $38K, Smashing Bitcoin's Price Record with 3,500% Price Surge

Aug 31, 2020

Yearn.finance (YFI) surged to a new all-time high over the weekend, recording a market value north of $38,000 per token and beating Bitcoin’s record in 2017.

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Wirex Moves on From Defunct Wirecard, Secures New Partnership with Railsbank

Wirex Moves on From Defunct Wirecard, Secures New Partnership with Railsbank

Aug 27, 2020

Crypto service provider Wirex has moved on from Wirecard,. The company has secured a new partnership with Railsbank

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China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

Oct 14, 2019

One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external organizations. Reported by Xinhua news, these organizations include state-owned banks and foreign banks.

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Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM

Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM

Jul 29, 2022

Alejandro Zelaya has defended El Salvador’s Bitcoin plan. According to the finance minister, the plan is working amid challenges posed by the market crash.

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Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

Sep 22, 2020

The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.

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Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters

Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters

Sep 26, 2020

Russia’s Ministry of Finance has issued an amendment to its current cryptocurrency regulations. The amendments also come with stricter sanctions.

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Ripple Head of DeFi: "25% of Value in DeFi Will Run on Networks other than Ethereum by End of 2021"

Ripple Head of DeFi: "25% of Value in DeFi Will Run on Networks other than Ethereum by End of 2021"

Jan 20, 2021

Ethereum has surged and recorded a new all-time high, and many seem to attribute its success to DeFi’s ever-growing ecosystem.

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AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

Jul 17, 2020

In the civil case filed against Jack Abramoff for his role in the 2018 Initial Coin Offering (ICO) scandal, the AML BitCoin lobbyist is expected to pay $55, 000 in disgorgement and interest for his conspiracy in fraud.

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Celsius Network Slashes 25% of its Workforce amid Potential Insolvency

Celsius Network Slashes 25% of its Workforce amid Potential Insolvency

Jul 05, 2022

Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel.

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Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering

Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering

Oct 26, 2020

Why is Bitcoin worth anything? Am I too late to buy Bitcoin? It’s too expensive, do I need to buy a whole Bitcoin? 3 questions that hound crypto journalists at parties.

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Crypto Hackers Steal Over $130M from Cream Finance DeFi Platform

Crypto Hackers Steal Over $130M from Cream Finance DeFi Platform

Oct 28, 2021

This is the third major hack on the Cream Finance DeFi lending platform within this year. Tens of thousands of customers have been affected by the hack.

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European Regulatory Blockchain Sandbox Welcomes Its First 20 Projects

European Regulatory Blockchain Sandbox Welcomes Its First 20 Projects

Jul 06, 2023

On July 3rd, Europe's blockchain regulatory sandbox officially introduced its inaugural set of use cases. This milestone follows a period of eager anticipation in the industry, culminating from nearly 90 applications submitted back in April.

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Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees

Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees

Apr 12, 2021

On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.

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South Korean Advocates for Institutionalization of Cryptocurrencies via Bitcoin Derivatives

South Korean Advocates for Institutionalization of Cryptocurrencies via Bitcoin Derivatives

Jan 07, 2020

A South Korean commission dubbed the 4th Industrial Revolution Commission has proposed that the government ought to permit financial institutions to establish cryptocurrency-based products, such as Bitcoin derivatives as they will be instrumental in the long-term institutionalization of cryptocurrencies.

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Coinbase CEO Armstrong and Tech Giant Apple Butt Heads over Crypto and dApps

Coinbase CEO Armstrong and Tech Giant Apple Butt Heads over Crypto and dApps

Aug 24, 2020

Coinbase CEO Brian Armstrong has voiced his disappointment over Apple’s lack of flexibility on decentralized applications (dApps) operating on its App store.

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BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings

BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings

Feb 26, 2021

BTSE, the UAE based digital exchange, has big plans for their ecosystem. They have recently launched the latest development in what they call their “comprehensive digital bank at the juxtaposition of crypto and fiat.”

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Aave Freezes Stablecoin Trading Amid Price Volatility

Aave Freezes Stablecoin Trading Amid Price Volatility

Mar 13, 2023

Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets. The LTV ratio determines how much credit can be secured using crypto as collateral and is calculated by dividing the amount of credit borrowed by the value of the collateral.

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Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance

Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance

Apr 03, 2023

Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's USD coin (USDC), has also brought governance risks related to the custody of reserve assets to the forefront. Moody's anticipates that regulators could increase their scrutiny of stablecoins and require greater counterparty diversification.

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Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies

Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies

Aug 19, 2020

Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.

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Two Massachusetts Men Arrested And Charged To US Court For Supposed Social Media Frauds And Crypto Theft

Two Massachusetts Men Arrested And Charged To US Court For Supposed Social Media Frauds And Crypto Theft

Nov 15, 2019

Two Massachusetts men had been arrested and charged to court on account of stealing victims' social media accounts and cryptocurrency through swapping their sims, hacking their computers, and other nameless techniques.

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Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows

Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows

Mar 02, 2023

Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.

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Solana-based Decentralized Exchange Slope Finance Raises $8M in Series A funding

Solana-based Decentralized Exchange Slope Finance Raises $8M in Series A funding

Feb 24, 2022

Solana-community based decentralized exchange Slope Finance announced to complete the rasing of $8,000,000 in Series A funding, co-led by Solana Ventures and Jump Crypto.

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BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024

BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024

Jan 24, 2024

The Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.

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ASX Delays Blockchain-Based CHESS Replacement to April 2023

ASX Delays Blockchain-Based CHESS Replacement to April 2023

Oct 28, 2020

The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.

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Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Jul 21, 2020

Japan's Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himono as the new commissioner of the financial watchdog group.

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DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda

DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda

May 11, 2020

Singapore’s biggest bank, DBS Bank joined R3-backed Contour Network known for digitalizing global trade processes. Previously known as Project Voltron, Contour is a blockchain-based trade finance platform, built over R3’s Corda blockchain and was founded by R3 and major global institutions, including HSBC, ING, Standard Chartered, Citi Ventures, BNP Paribas, and Bangkok Bank, Bain & Company, and CryptoBLK. DBS Bank became the first Singaporean bank to join the network.

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OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol

OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol

Jan 25, 2024

OKX Ventures invests in Orbiter Finance, a decentralized cross-Layer 2 protocol on Ethereum, aiming to redefine blockchain infrastructure and enhance decentralization.

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European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

Sep 25, 2020

The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.

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DeFi Platform DFX Finance Says it Has Been Hacked for $7.5M

DeFi Platform DFX Finance Says it Has Been Hacked for $7.5M

Nov 11, 2022

The stablecoin platform DFX Finance is the latest victim of a $7.5 million hack

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Ripple Donates $10M to Humanitarian Organization to Accelerate Financial Inclusion

Ripple Donates $10M to Humanitarian Organization to Accelerate Financial Inclusion

Oct 16, 2020

Ripple has continued to be innovative in finding ways to deliver global financial inclusion amid a struggling COVID-19 economy.

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JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

Feb 19, 2021

As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

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European Commission Blockchain Report: The 3 Key Takeaways

European Commission Blockchain Report: The 3 Key Takeaways

Oct 09, 2019

Since the inception of Bitcoin, much hype and public attention have followed the development of cryptocurrencies their value being dismissed by many while others have become hoarders of crypto. Away from the uncertainty of cryptocurrency future value, one aspect of the technology is now squarely in the limelight—the blockchain platform or distributed ledger technology that make the currencies possible.

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India’s Government Plans to Bring Back Law to Ban Cryptocurrencies

India’s Government Plans to Bring Back Law to Ban Cryptocurrencies

Jun 13, 2020

A report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.

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Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend

Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend

Sep 07, 2022

Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, allowing users to lend and borrow tokens belonging to the Chainlink data feed without permission.

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Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Jul 21, 2020

Ant Financial, formerly known as Alipay and known renamed to ‘Ant Group’, has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchanges' STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).

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Ripple Welcomes Former JPMorgan Chase Chief Regulatory Affairs Officer to its Board of Directors

Ripple Welcomes Former JPMorgan Chase Chief Regulatory Affairs Officer to its Board of Directors

Dec 16, 2020

Ripple has been expanding its network and recently, the blockchain firm has made yet another move to bring its company growth to another level.

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Alibaba Founder and China's Richest Man Jack Ma: Digital Currency Could Redefine Money

Alibaba Founder and China's Richest Man Jack Ma: Digital Currency Could Redefine Money

Oct 24, 2020

Alibaba founder and China's richest Jack Ma says digital currency could redefine money and digital currency is the core of future finance.

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HSBC Becomes the First Bank to Finance Transaction via Hyperledger

HSBC Becomes the First Bank to Finance Transaction via Hyperledger

Aug 28, 2019

Multinational banking giant, HSBC has reportedly become the first bank to complete a financial transaction using the blockchain trade platform, we.trade based in Europe.

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Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Nov 10, 2023

Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.

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South Korean Bank, KB Kookmin, Shares Blockchain Strategy

South Korean Bank, KB Kookmin, Shares Blockchain Strategy

Oct 08, 2019

KB Kookmin, a major South Korean bank, is planning to adopt blockchain technology into its internal processes.

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Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Oct 14, 2020

Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.

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Credit Giant MasterCard Grants Wirex First Principal Membership License

Credit Giant MasterCard Grants Wirex First Principal Membership License

Jul 20, 2020

Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.

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Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam

Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam

Sep 08, 2020

The price of Ethereum (ETH) crashed recently, dropping to a low of $315 over the weekend, after hitting an all-time high of $487 last Wednesday.

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Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing

Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing

Sep 01, 2020

Vitalik Buterin has criticized the yield farming craze observed from the DeFi sector, comparing it to the US Federal Reserve’s mass printing strategy.

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Unveiling the Top 5 Surprising Views on Blockchain by AFF leaders

Unveiling the Top 5 Surprising Views on Blockchain by AFF leaders

Jan 06, 2020

Blockchain, cryptocurrencies, fintech and virtual assets will be at the centre of many of the discussions and we have selected a few of the speakers that we are most intrigued by and some that our readers may not realize are important or outspoken in the blockchain and crypto space. We have purposely excluded the usual suspects—if you don’t know what PWC’s Henri Arslanian thinks about crypto by now, we really can’t help you.

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Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Apr 22, 2020

One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.

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China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

May 14, 2020

China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.

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Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity

Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity

Aug 12, 2020

A global UAE bank is creating a federated and sovereign blockchain architecture for digital identity via HashCash Consultants, to propel its financial and banking operations and prepare for the future of finance.

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Wiki Finance Expo Sydney 2023 Is Coming Soon!

Wiki Finance Expo Sydney 2023 Is Coming Soon!

Oct 31, 2023

The Wiki Finance Expo, Sydney 2023, is Australia's largest fintech event, attracting over 3,000 attendees from various sectors. Supported by 200 institutions, media, and companies, it promotes regulatory security of cryptocurrencies and FX at the Fullerton Hotel Sydney.

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Metis Launches The First-Ever Community-Minted NFT

Metis Launches The First-Ever Community-Minted NFT

Apr 21, 2021

Blockchain company Metis has announced today a launch of the first-ever community-minted non-fungible token (NFT), called “Rebuilding the Tower of Babel.”

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Understanding the Profound Impact of Stablecoins on Traditional Finance

Understanding the Profound Impact of Stablecoins on Traditional Finance

Jun 17, 2020

Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.

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Crypto Trading in India Soared by 400% During COVID-19 Lockdown

Crypto Trading in India Soared by 400% During COVID-19 Lockdown

Jul 14, 2020

With the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.

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DeFi Growth Outlook for 2021: From $18.71B to $258.58B

DeFi Growth Outlook for 2021: From $18.71B to $258.58B

Dec 27, 2021

According to data from DeFiLlama, the DeFi ecosystem, encompassing the top blockchain networks saw a massive growth surge from $18.71 billion in Total Value Locked (TVL) as of Jan 1, 2021, to $258.58 billion it is pegged at as of today.

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What Is Chainlink?

What Is Chainlink?

Oct 12, 2020

The Chainlink network has made a name for itself by providing reliable tamper-proof data for complex smart contracts on any blockchain.

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Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Jun 03, 2020

Japan’s finance minister stated that there is no need to lower crypto tax rates.

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SushiSwap (SUSHI) Token Price Surges Over 15% After Merger with Yearn.finance

SushiSwap (SUSHI) Token Price Surges Over 15% After Merger with Yearn.finance

Dec 02, 2020

SushiSwap’s SUSHI token has become the best performing asset in the past 24 hours, and the DeFi token has been able to climb nearly 60 percent in a week.

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Signature Bank Launches New Digital Payments Technology Platform—Signet

Signature Bank Launches New Digital Payments Technology Platform—Signet

Jun 24, 2020

In a press release disclosed with Blockchain.news, New York-based Signature Bank announces that it is planning to launch Signet, its digital payments platform, on the Fireblocks network.

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Blockchain Finance Forum: Europe 2021

Blockchain Finance Forum: Europe 2021

Mar 30, 2021

The Forum will count on 30+ expert speakers from well-known organisations like the European Commission, Swiss National Bank, European Banking Federation, the British Blockchain Association, European Blockchain Partnership, Deutsche Bank, Aviva and many more

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Babel Finance Reaches Agreement on Modalities for Repayment of its Loans

Babel Finance Reaches Agreement on Modalities for Repayment of its Loans

Jun 21, 2022

Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off its immediate operational burdens.

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DeFi Protocol Ref Finance Completes $4.8M Financing Led by Jump Crypto

DeFi Protocol Ref Finance Completes $4.8M Financing Led by Jump Crypto

Feb 18, 2022

NEAR's blockchain ecological DeFi project- Ref Finance announced the completion of $4.8 million financings led by Jump Crypto.

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Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies

Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies

Mar 14, 2023

Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transactions, making it the largest hack of 2023. On-chain data indicates that the attack is related to a deflation attack that occurred one month ago, and the attacker used a multichain bridge to transfer funds from the Binance Smart Chain to Ethereum.

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Margin Trading And Lending On The Crypto Market

Margin Trading And Lending On The Crypto Market

Aug 24, 2020

In recent years, many of you who are interested in crypto, probably have noticed the continuous growth of the number of new exchange products that help earn from lending and margin trade.

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Japanese Financial Giant SBI Group to Borrow from Bitcoin Holders at Annual Rate of 1%

Japanese Financial Giant SBI Group to Borrow from Bitcoin Holders at Annual Rate of 1%

Nov 25, 2020

SBI Group has rolled out a cryptocurrency rental service dubbed “VC TRADE LENDING” aimed at borrowing Bitcoin from customers in return for 1% annual interest.

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Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption

Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption

Jan 17, 2024

Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.

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Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Nov 08, 2019

Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services.

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Goldman Sachs Explores Development of its Own Digital Token

Goldman Sachs Explores Development of its Own Digital Token

Aug 07, 2020

Leading global investment bank Goldman Sachs is examining options of creating its own cryptocurrency. The bank has appointed Mathew McDermott as the worldwide head of digital assets to spearhead the realization of this dream.

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What is Sushiswap (SUSHI) and Why it Enabled Uniswap’s Trading Volume to Surpass Coinbase

What is Sushiswap (SUSHI) and Why it Enabled Uniswap’s Trading Volume to Surpass Coinbase

Sep 02, 2020

The decentralized finance (DeFi) industry has surpassed $9 billion in total value locked (TVL) recently resulting from the latest surge in popularity.

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Digital Currency and the Financial Inclusion Drive: The Journey So Far

Digital Currency and the Financial Inclusion Drive: The Journey So Far

Jan 02, 2022

With the digital currency ecosystem running toe-to-toe with traditional finance, here is a brief look into the journey thus far on the industry's financial inclusion drive.

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Bitcoin Mining in China Dropped before the Latest Crackdown

Bitcoin Mining in China Dropped before the Latest Crackdown

Jul 15, 2021

New research conducted by the Cambridge Centre for Alternative Finance (CCAF) shows that Bitcoin mining in China has already nosediving even before the government started cracking the whip on crypto mining in May.

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ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World

ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World

Nov 07, 2019

ASIFMA (the Asia Securities Industry & Financial Markets Associations) has availed a new white paper that reveals a roadmap for regulators and market participants on tokenized securities.

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Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn

Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn

May 27, 2022

Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion.

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DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump

DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump

May 04, 2022

The Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.

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Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain

Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain

Sep 22, 2019

On the outset, this article has been written to put in perspective Index Funds as we know them, which new kind of Index Funds are developing with Cryptocurrencies (Digital Assets) and what developments are taking place in the Global Capital Markets with Blockchain developments.

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Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller

Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller

Oct 21, 2020

The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).

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DeFi Market Recovers as Sushiswap (SUSHI) Migration Resulted in 225% More in Total Value Locked

DeFi Market Recovers as Sushiswap (SUSHI) Migration Resulted in 225% More in Total Value Locked

Sep 10, 2020

Decentralized finance projects recently witnessed its tokens plummet, crashing up to 50%. The DeFi industry has slightly recovered, rebounding 19% today.

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DeFi Projects Continue to Generate Huge Returns as a Decoupling from Bitcoin is Observed

DeFi Projects Continue to Generate Huge Returns as a Decoupling from Bitcoin is Observed

Jan 28, 2021

DeFi projects continue to be lucrative, as their market cap has ballooned to $19.7B (+135% in the past month), according to on-chain data provider Santiment.

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Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill

Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill

Jul 23, 2020

The State Duma of Russia passed a law regarding digital financial assets (DFA) in the financial bill’s third reading, which determined the fate of Bitcoin and other cryptocurrencies.

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US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

Jul 23, 2020

The US Office of the Comptroller of the Currency (OCC) has announced that states and national banks and federal savings associations can provide crypto custody services to customers.

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Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

Aug 06, 2019

We were delighted to interview Dr. Paul Sin, leader of the Deloitte Asia Pacific Blockchain Lab, who shared with us its development goals and the collaborations with HKMA across the Greater Bay Area and Europe.

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Welcoming the Future of Finance with Blockchain

Welcoming the Future of Finance with Blockchain

Aug 06, 2020

Blockchain is not limited to creating cryptocurrencies like Bitcoin. In fact, it has the potential to entirely remodel every industry out there, including the financial institutions.

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Google Finance Pushes Crypto Further into Mainstream with Bitcoin, ETH, LTC Tabs

Google Finance Pushes Crypto Further into Mainstream with Bitcoin, ETH, LTC Tabs

Mar 01, 2021

Crypto prices may be falling but mainstream interest is certainly rising as Google Finance adds a dedicated "Crypto" tab to monitor Bitcoin, Ether, Litecoin, and Bitcoin Cash.

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DeFi to Reach $20 Billion in Total Value Locked by the end of 2020

DeFi to Reach $20 Billion in Total Value Locked by the end of 2020

Dec 14, 2020

The decentralized finance (DeFi) industry recently reached over $15 billion in total value locked before dropping back to $14 billion in TVL.

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The Nascent Primary Market of Security Token Offerings

The Nascent Primary Market of Security Token Offerings

Jul 15, 2020

Now that the ICO market bubble ebbed away security token offerings (STOs) have emerged, allowing investment in regulated securities recorded on a blockchain according to new research from the Oxford Faculty of Law

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Crypto Lets Anyone Invest in Early-Stage Ventures Previously Only Meant for the Rich, says Bitcoin Analyst

Crypto Lets Anyone Invest in Early-Stage Ventures Previously Only Meant for the Rich, says Bitcoin Analyst

Mar 22, 2021

Market analyst Lark Davis sees cryptocurrencies as game-changers as they enable anyone to participate in early-stage financial ventures previously only reserved for the rich.

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Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Jul 29, 2022

Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court. Some of its core activities have been suspended.

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Lido Launches Layer-2 Ethereum Staking And 150,000 LDO Tokens In Rewards

Lido Launches Layer-2 Ethereum Staking And 150,000 LDO Tokens In Rewards

Oct 08, 2022

Lido is now live on layer-2 solutions, Arbitrum, and Optimism, and would allocate 150,000 LDO tokens in rewards per month from Oct 7 for wstETH across each network.

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Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

Aug 10, 2022

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.

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Stablecoins Hit $20 Billion by Market Cap Milestone, More Investors Favouring Tether as Hedge

Stablecoins Hit $20 Billion by Market Cap Milestone, More Investors Favouring Tether as Hedge

Sep 25, 2020

Stablecoins have made incredible crypto gains, achieving a milestone of $20 billion per market capitalization in September.

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DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

Dec 16, 2020

Following Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%.

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DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

Feb 05, 2021

Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.

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Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko

Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko

Jun 17, 2020

The Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.

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Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?

Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?

Mar 02, 2023

Despite recent recoveries, $4bn was lost to hacks, fraud, and scams in 2022. Increased security measures, such as DeFi and multi-signature wallets, can help.

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Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Jan 29, 2023

Investors steadily recovering from 2022 backed CZ's long-term bet on crypto sceptics.

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Sean Patrick Maloney's OECD Role Amidst Crypto Advisory Background

Sean Patrick Maloney's OECD Role Amidst Crypto Advisory Background

Feb 15, 2024

Sean Patrick Maloney, after serving in the U.S. House and on Coinbase's Advisory Council, faces scrutiny over potential conflicts in his OECD ambassador role, signaling a pivotal moment for crypto regulation.

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Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead

Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead

Oct 15, 2020

JPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.

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Ethereum and DeFi Tokens Plummet Amid High Selling Pressure

Ethereum and DeFi Tokens Plummet Amid High Selling Pressure

Sep 22, 2020

Popular DeFi tokens, including Yearn.finance (YFI), and Uniswap (UNI) have also witnessed strong corrections in the past few days.

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Tokenize the Future: What Tokenization Means For Financial Access

Tokenize the Future: What Tokenization Means For Financial Access

Nov 17, 2020

Thanks to advances in financial and blockchain technology, any tradeable asset can be digitally represented as a token and issued onto a blockchain creating greater access.

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Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

Jun 08, 2020

A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.

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Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

Sep 04, 2020

Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers

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Sui Foundation Allocates Over $1M to 17 Emerging Projects

Sui Foundation Allocates Over $1M to 17 Emerging Projects

Oct 01, 2023

The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.

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Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Aug 04, 2020

Stakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.

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Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity

Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity

Dec 17, 2020

With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion.

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Ethereum’s DeFi Trades Skyrocketed in Q3 2020, but Bitcoin Volume Declined

Ethereum’s DeFi Trades Skyrocketed in Q3 2020, but Bitcoin Volume Declined

Oct 19, 2020

A quarterly report from eToro indicated that while DeFi sector was bullish in 2020’s third quarter (Q3), Bitcoin trades decreased in contrast.

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Yearn.finance (YFI) Plunges Again Amid Sell-Off Pressure from Strong Drop in yVault Yields

Yearn.finance (YFI) Plunges Again Amid Sell-Off Pressure from Strong Drop in yVault Yields

Oct 05, 2020

Yearn.finance (YFI) has faced a steep correction lately and has been one of the worst performers in the top 100 cryptocurrencies.

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Offshore Tax Invasion Continues to be Investigated by OECD

Offshore Tax Invasion Continues to be Investigated by OECD

Jul 03, 2020

The Organization for Economic Co-operation and Development (OECD) thinks that cryptocurrency might be the solution in preventing large scale tax evasion activities that are ongoing all over the world.

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Singapore Aims at Becoming the World’s Main Business Hub for Crypto

Singapore Aims at Becoming the World’s Main Business Hub for Crypto

Nov 03, 2021

Singapore is striving to establish itself as a global key hub for crypto business activities. The city state's head of the financial regulator said the best way to regulate crypto is "not to clamp down or ban these things".

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Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Jul 16, 2020

Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).

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Euler Finance Hacker Returns Majority of Stolen Funds

Euler Finance Hacker Returns Majority of Stolen Funds

Mar 27, 2023

The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, including 51,000 ETH and 7,737 ETH, worth a total of over $101 million at the time of writing. The hacker still controls some of the stolen assets, and the hack is considered the largest DeFi hack of 2023.

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Synthetix Secures $20M Investment from DWF Labs

Synthetix Secures $20M Investment from DWF Labs

Mar 21, 2023

Synthetix has secured a $20 million investment from Web3 investment and quantitative trading firm DWF Labs. The partnership will see DWF Labs tasked with increasing SNX token liquidity and market making across centralized and decentralized exchanges, with Synthetix’ perpetual futures integrated into DWF Labs’ trading business.

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Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets

Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets

Jan 19, 2023

Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities.

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Kokomo Finance Accused of $4M Exit Scam

Kokomo Finance Accused of $4M Exit Scam

Mar 28, 2023

Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident.

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Curve Finance Announces Refund Plan Following $62 Million Hack

Curve Finance Announces Refund Plan Following $62 Million Hack

Aug 13, 2023

Curve Finance plans to refund users after a $62M hack on July 30. 79% of funds have been recovered, and the TVL has dropped to a 2-year low of $2.83B.

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Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days

Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days

Nov 15, 2020

Uniswap's UNI token has surged by 133% in the past week, with SushiSwap rallying and recording its own increase of 143%.

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Crypto Hacks in Q1 2023

Crypto Hacks in Q1 2023

Apr 08, 2023

In Q1 2023, hackers accessed over $320 million through 139 incidents on BNB Chain and losses of $221 million on Ethereum. While significantly lower than Q1 and Q4 2022, the quarter saw hundreds of millions lost, with 60% due to the Euler Finance hack. However, funds were recovered through negotiations with hackers, a trend increasingly common in the industry.

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Ondo Foundation Unveils ONDO Points and Token Unlock Plan

Ondo Foundation Unveils ONDO Points and Token Unlock Plan

Jan 10, 2024

The Ondo Foundation introduces Ondo Points to enhance community engagement and proposes an unlock plan for ONDO tokens, advancing its mission in the DeFi space.

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DLT Finance Receives BaFin Licenses to Launch Trading Platform for Digital Assets

DLT Finance Receives BaFin Licenses to Launch Trading Platform for Digital Assets

May 18, 2022

The new platform is now offering a variety of digital asset services to institutional clients after receiving nine new trading licenses.

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Starknet Foundation Establishes DeFi Committee to Boost Ecosystem

Starknet Foundation Establishes DeFi Committee to Boost Ecosystem

Nov 09, 2023

Starknet Foundation has launched a DeFi Committee to bolster its DeFi ecosystem. Chaired by six experts, the committee will strategize and implement an on-chain liquidity incentive program, marking a strategic move for Starknet in the DeFi space.

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Secret Network Validator Smart Stake to Shut Down Nodes

Secret Network Validator Smart Stake to Shut Down Nodes

Jan 31, 2023

Smart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.

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Why is Blockchain Technology Revolutionizing the Banking and Finance Market?

Why is Blockchain Technology Revolutionizing the Banking and Finance Market?

Nov 24, 2019

As technology continues to evolve year after year, it becomes glaring that it is gradually sweeping every productive sector in the world, more importantly, finance and banking. This is so because the sector is about the most sensitive in every economy. It’s got to be, right? Money is important and needed by everyone – one way or another.

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Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Oct 31, 2019

Nanning, a Southern Chinese City, located in Guangxi Region, has experimented with a blockchain-enabled cross-border financial platform.

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Twitter CEO Jack Dorsey Explains Why Bitcoin is "The Best Internet Currency"

Twitter CEO Jack Dorsey Explains Why Bitcoin is "The Best Internet Currency"

Sep 18, 2020

Bitcoin (BTC) and DeFi tokens have been all the rage lately, with crypto investors anticipating BTC’s next bull run and the DeFi industry booming in growth.

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UK Tax Authority Updates Its Guidelines for Crypto Taxation

UK Tax Authority Updates Its Guidelines for Crypto Taxation

Nov 04, 2019

HMRC updates its guidelines for crypto – taxation, relating to both individuals and businesses. The new guidelines explicitly state that crypto-currencies are not considered as ‘money.’

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DeFi Hacker Returns $5.4M to Euler Finance

DeFi Hacker Returns $5.4M to Euler Finance

Mar 20, 2023

A hacker who drained $197 million from Euler Finance returned 3,000 ETH ($5.4 million) to the deployer address, following a $1 million reward announcement by Euler Finance. The attacker used a multichain bridge to transfer funds from the BNB Chain to Ethereum and moved the stolen funds into Tornado Cash before returning the funds.

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Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet

Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet

Nov 06, 2023

Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.

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Euler Finance Hacker Returns Stolen Funds

Euler Finance Hacker Returns Stolen Funds

Apr 05, 2023

Euler Finance has recovered most of the funds stolen in a flash loan attack that drained millions of dollars from various tokens, including Dai and USDC. After negotiating with the hacker, Euler Finance convinced the individual to return the majority of the stolen funds, resulting in the recovery of 12 million DAI and 10,580 ETH. The crypto community has applauded Euler Finance's efforts to recover the funds and restore investor confidence.

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Ethereum Dominates DeFi with 96% of Transactions, Buterin Discusses ETH Gas Fees

Ethereum Dominates DeFi with 96% of Transactions, Buterin Discusses ETH Gas Fees

Oct 12, 2020

Ethereum has set the tone for the DeFi boom this year, and it has dominated particularly during the third quarter of 2020.

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Solana (SOL) Surges by 230% on a Year-to-Date Basis to Hit a New High

Solana (SOL) Surges by 230% on a Year-to-Date Basis to Hit a New High

Apr 22, 2021

Solana, which has faster transaction speed and lower fees than Ethereum, has been favored by Defi users to run applications. Recently, its native token SOL set a new all-time high of $37.10.

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BETA, BOND, WTC, and XEM Added to Binance's Monitoring Tag List

BETA, BOND, WTC, and XEM Added to Binance's Monitoring Tag List

Oct 04, 2023

Binance has expanded its Monitoring Tag list to include Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), and NEM (XEM) as of October 4, 2023. The Monitoring Tag serves as a risk indicator for tokens with elevated volatility and risk.

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KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

Dec 27, 2023

KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.

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Is Bitcoin Finally Decoupling from S&P 500? BTC Soars While Stocks Plunge

Is Bitcoin Finally Decoupling from S&P 500? BTC Soars While Stocks Plunge

Oct 20, 2020

Bitcoin has been displaying bullish behavior lately, gaining about 2% in the past week and bringing the crypto closer to a psychological threshold of $12,000.

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Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain

Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain

Feb 10, 2020

Traditional equity swaps have to be continuously updated for multiple variables. These include different interest rates, end-of-day market prices, and corporate actions like stock splits and dividend payments. Financial institutions need to hire many people to verify the process until the swap completion, which in some rare cases, could take months.

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SEC’s Demand for Private Financial Information from Ripple Lead Executives in XRP Case – an “Inappropriate Overreach?”

SEC’s Demand for Private Financial Information from Ripple Lead Executives in XRP Case – an “Inappropriate Overreach?”

Mar 12, 2021

The battle between the Securities and Exchange Commission (SEC) and Ripple over how XRP should be regulated continues to stretch on.

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Nobel Laureate Prof Banerjee - Applying RCT to Financial Inclusion

Nobel Laureate Prof Banerjee - Applying RCT to Financial Inclusion

Jan 09, 2020

Economists have long theorized on and sought to implement initiatives to increase financial inclusion. What are some of the policy initiatives developing countries should adopt to drive financial reform? What effect have initiatives had thus far in facilitating this financial transformation? Prof Banerjee will speak at the Asian Financial Forum on January 14th and explain his team's groundbreaking application of randomized control testing to inclusive finance.

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Former FTX Executive Under Investigation for Potential Campaign Finance Violations

Former FTX Executive Under Investigation for Potential Campaign Finance Violations

Jul 12, 2023

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly under investigation by U.S. authorities for potential violations of campaign finance law. Salame, along with his girlfriend Michelle Bond, who ran as a Republican candidate for New York’s 1st congressional district in 2022, are at the center of this investigation.

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FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

Jan 13, 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech.

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AllianceBlock and Crunchbase Partner to Enhance Decentralized Business Data

AllianceBlock and Crunchbase Partner to Enhance Decentralized Business Data

Mar 29, 2023

AllianceBlock has partnered with Crunchbase to offer its business data to Data Tunnel users. The partnership will enable blockchain businesses and developers to create applications like default probability models, customer acquisition profiles, and untapped market maps using Crunchbase's investment, funding, and industry trends data. The AllianceBlock Data Tunnel is a public marketplace for standardized data that allows for the sharing and combination of information without intermediaries.

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‘AML BitCoin’ Lobbyist Abramoff Pleads Guilty to ICO Fraud

‘AML BitCoin’ Lobbyist Abramoff Pleads Guilty to ICO Fraud

Jul 15, 2020

AML BitCoin lobbyist Jack Abramoff has pleaded guilty to multiple accounts of fraud associated with the 2018 Initial Coin Offering (ICO) for AML BitCoin.

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Analyst Believes Capital Flocks to Ethereum’s DeFi Sector

Analyst Believes Capital Flocks to Ethereum’s DeFi Sector

May 27, 2021

Market analyst Lark Davis noted that big money flow was piling in Ethereum’s decentralized finance (DeFi) sector, and that's bullish.

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Babel Finance explores new restructuring opportunities with DeFi project

Babel Finance explores new restructuring opportunities with DeFi project

Mar 07, 2023

Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin using Bitcoin and Ether as collateral.

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Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Nov 15, 2019

Owing to this, a statement released by the People's Bank of China on October 13, warned the general public to beware of such fake platforms and organizations as they are not related to the Bank of China.

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Euler Finance Audited 10 Times Before $196 Million Attack

Euler Finance Audited 10 Times Before $196 Million Attack

Mar 18, 2023

Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different firms in two years before it suffered a $196 million flash loan attack. Despite this, the audits deemed the platform "nothing higher than low risk" with "no outstanding issues." The attack prompted Euler to launch a $1 million bounty for information leading to the hacker's arrest, only for them to move the funds through crypto mixer Tornado Cash.

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Covid-19 and DeFi — TokenInsights Releases Q2 2020 Report on Decentralized Ecosystem

Covid-19 and DeFi — TokenInsights Releases Q2 2020 Report on Decentralized Ecosystem

Jul 16, 2020

TokenInsights has released their Q2 2020 DeFi industry report to shed some light on the fast-moving Decentralized Finance (DeFi) ecosystem and how it withstood the onslaught of the COVID-19 market.

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Top Executives Quit as Babel Finance Sees Financial Woes

Top Executives Quit as Babel Finance Sees Financial Woes

Jun 29, 2022

Top employees are leaving Babel Finance as the firm has not reached an amicable solution to its accounting challenges. Meanwhile, thousands of customers are still unable to access their funds.

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What Does the Japanese FinTech Landscape Look Like?

What Does the Japanese FinTech Landscape Look Like?

Feb 05, 2020

Tokyo, the capital of Japan has been ranked as one of the top 12 FinTech hubs in the world by Deloitte’s A tale of 44 cities: Connecting Global FinTech: Interim Hub Review 2017. The Tokyo Metropolitan Government (TMG) created policy outlines to form the city with the vision of an unrivaled global financial center.

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DeFi Hackers Mint $11.6M in Stablecoins

DeFi Hackers Mint $11.6M in Stablecoins

Apr 14, 2023

Blockchain security firm PeckShield identified a hack that allowed an attacker to mint over 1 quadrillion Yearn Tether and then swap it for other stablecoins worth $11.6M. The attacker also managed to transfer 1,000 ETH to the cryptocurrency mixer Tornado Cash. DeFi protocols Yearn.finance and Aave have confirmed that their current contracts and protocols were not affected by the exploit.

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Solid Bull Run: Why Ethereum Is Up 50% in 10 Days

Solid Bull Run: Why Ethereum Is Up 50% in 10 Days

Aug 03, 2020

Ethereum faced a flash crash on August 1, where it plummeted by approximately $90 from $415 in 5 minutes.

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Winklevoss Twins Brief David Portnoy on Bitcoin, BTC Talks Continue

Winklevoss Twins Brief David Portnoy on Bitcoin, BTC Talks Continue

Aug 14, 2020

American internet celebrity David Portnoy officially hosted the Winklevoss Twins at his house for a long-due conversation regarding Bitcoin (BTC) and cryptocurrencies.

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BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization

BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization

Aug 31, 2021

The global blockchain-as-a-service (BaaS) sector is anticipated to reach $15.8 billion by 2026 from the current $2.31 billion.

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Uniswap (UNI) Price Recovers From Recent Sell-Off While the Rest of the Crypto Market is Still in the Red

Uniswap (UNI) Price Recovers From Recent Sell-Off While the Rest of the Crypto Market is Still in the Red

Sep 24, 2020

While the rest of the cryptocurrency market has been plunging, Uniswap’s UNI token has fallen in tandem with the rest of the market.

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Blockchain Devices Market to Grow by $1.285 Billion by 2024

Blockchain Devices Market to Grow by $1.285 Billion by 2024

Sep 13, 2019

Recent research by MarketsandMarkets shows a CAGR of 42.5% for blockchain devices market by 2024. The study was filtered through their report, “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography - Global Forecast to 2024.”

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John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

Oct 06, 2020

The DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.

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It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci

It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci

Jan 27, 2021

Anthony Scaramucci believes that it is the age of retail traders, as they have triggered bull runs in stocks like GameStop and this is positive for Bitcoin.

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Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Aug 14, 2020

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.

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Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Sep 27, 2019

Uttama Savanayana, Thailand’s Finance Minister, has revealed that his ministry wants to use blockchain technology for system upgrades intended for optimal service delivery to citizens.

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Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards

Nov 25, 2020

Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.

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French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

Oct 20, 2020

French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.

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BNY Mellon Joins Marco Polo Trade Finance Consortium

BNY Mellon Joins Marco Polo Trade Finance Consortium

Nov 26, 2019

The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:”

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Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Nov 24, 2020

Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

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WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

Nov 12, 2020

The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

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India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

Mar 07, 2021

India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.

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Frankfurt Main Finance: Establishing Trust Between Continental Networks

Frankfurt Main Finance: Establishing Trust Between Continental Networks

Feb 06, 2020

Frankfurt Main Finance is one of the founding members of the World Alliance of International Financial Centres (WAIFC). The mission of the Alliance is to establish transparent networks that facilitate cooperation and sharing of best practices for financial centres globally in the face of breakthrough technologies and rapid social change.

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