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DeFi Platform DFX Finance Says it Has Been Hacked for $7.5M
The stablecoin platform DFX Finance is the latest victim of a $7.5 million hack

DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools
DeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.

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

Transit Finance Convinces Hacker to Return $2m to Protocol
Transit Finance protocol has announced there is an agreement to return at least $10,000 BNB tokens gradually after conversations with the biggest hacker.

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

Cryptex Finance to Launch NFT Index Token JPEGz in Q4
Cryptex Finance is set to launch a new JPEGz token powered by Chainlink and Coinbase Cloud.

Maple Finance Loans $300m to help Struggling Bitcoin Miners
The lending fund is designed to support crypto mining firms impacted by the market downturn.

HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East
Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group.

Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend
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.

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

Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance
Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11.

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

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

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

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

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

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

Curve Finance Submits Application for 1 Million OP Token Grant
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.

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

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure
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.

Crypto Gains Flattens But These Altcoins Are Set to Cool Off
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

DeFi Broker Porter Finance Shuts Down Bond Issuance Platform
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.

Crema Finance Hacker Returns Stolen Crypto Following Negotiation
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.

Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel.

Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources
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.

Top Executives Quit as Babel Finance Sees Financial Woes
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.

Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
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.

Babel Finance Halts Withdrawals as Crypto Market Plunges
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.

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

Huobi Exchange Floats Investment Arm Ivy Blocks
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

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

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

Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn
Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion.

DLT Finance Receives BaFin Licenses to Launch Trading Platform for Digital Assets
The new platform is now offering a variety of digital asset services to institutional clients after receiving nine new trading licenses.

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

DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump
The Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.

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

American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens
To offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank has partnered with Bakkt.

US Treasury Secretary Yellen Optimises to Recognize Crypto Role in Finance
Janet Yellen said that the benefits of cryptocurrency are clear and the US Treasury Department acknowledges the role it plays in the current landscape.

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

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

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

Nested Raises a $7.5M Seed Funding, Expanding DeFi Social Trading Products & Network
Nested wants to use the funds raised to fuel its DeFi social trading platform’s product offering and network across the world.

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

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

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

Russian Finance Ministry Believes Crypto Should be Regulated not Banned
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.

Composable Finance Wins Polkadot Parachain Auctions
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.

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

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

Visa Establishes Advisory Services, Helping Clients Maneuver their Crypto Journey
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.

Indonesian Scholarly Body Majelis Ulama Indonesia (MUI) Says Crypto as Commodity or Digital Asset is Haram
The Ulema Council (MUI) has spoken against the engagement with digital currencies for Muslims in Indonesia, saying the nascent asset class is haram.

Crypto Exchange Web Traffic Hit 473.3 Million Visits in October
More participants are eyeing the cryptocurrency sector, given that the crypto exchange web traffic has witnessed a 15.5% increase month-on-month (MoM).

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

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

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

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

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit
Cream Finance has plans to refund victims of its latest network attack.

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

BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization
The global blockchain-as-a-service (BaaS) sector is anticipated to reach $15.8 billion by 2026 from the current $2.31 billion.

Crypto Trading Income eToro Spikes to $264 Million in Q2
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.

Swiss-based Crypto Firms Selects Tezos for Tokenizing Finance Products
Swiss firms, Crypto Finance Group, InCore Bank, and Inacta have tapped the power of Tezos blockchain to launch tokenized finance products.

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

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

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

Bitcoin Mining in China Dropped before the Latest Crackdown
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.

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

Thailand's SEC Eyes on Decentralized Finance
Thai financial authority turn their eyes to decentralized finance regulation by requesting future DeFi-related activities to get appropriate licenses.

Analyst Believes Capital Flocks to Ethereum’s DeFi Sector
Market analyst Lark Davis noted that big money flow was piling in Ethereum’s decentralized finance (DeFi) sector, and that's bullish.

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

Traditional Finances Reimagined: The Future of Digital Finance
Traditional financial institutions such as banks are no longer the only option. The financial services industry will be decentralized and digital in the future.

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline
Ethereum's total fees has hit a monthly high of 746.026 ETH.

Yearn.finance’s YFI Token Pumps to a New Record High of $95K
Yearn.finance's governance token YFI set a new record high of $95,000 today.

How And Why Can Collateral Be Used For Financial Services?
As the cryptocurrency industry provides access to financial products such as loans, it is essential to understand the importance of collateral.

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

Institutional Bitcoin Adoption in Asia is Making a Big Step Forward
Bitcoin adoption in Asia is taking a new turn as more institutional investors are joining the network.

JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform
JPMorgan has partnered with DBS Group Holdings and Singapore-based investment company Temasek to create a blockchain-enabled foreign exchange platform.

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption
Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.

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

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

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

HSBC Prohibits Clients from Trading Bitcoin-Backed MicroStrategy Stock
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.”

Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees
On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.

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

Top 5 Fintech Predictions That Will Redefine The Landscape of Financial Markets in 2021
Undoubtedly fintech is leading us towards an unpredictable future considering the fintech leader’s insights and predictions.

Blockchain Finance Forum: Europe 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

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

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

Future of Index Funds
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.

SEC’s Demand for Private Financial Information from Ripple Lead Executives in XRP Case – an “Inappropriate Overreach?”
The battle between the Securities and Exchange Commission (SEC) and Ripple over how XRP should be regulated continues to stretch on.

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies
India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.

Bitcoin Provides a Check Against Economic Mismanagement, says US Politician
US politician Ro Khanna has shared a tweet that is bullish on Bitcoin. He also advocated for sustainable cryptocurrency mining operations.

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

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

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

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

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment
As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

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

Hong Kong Financial Watchdog Proposes Restricting Cryptocurrency Trading to Professional Investors
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.

Mogul Productions Implements Chainlink Oracles to Optimize Film Financing
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.

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

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

It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci
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.

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

Ripple Head of DeFi: "25% of Value in DeFi Will Run on Networks other than Ethereum by End of 2021"
Ethereum has surged and recorded a new all-time high, and many seem to attribute its success to DeFi’s ever-growing ecosystem.

Bitcoin is Now Worth More Than Warren Buffett’s Berkshire Hathaway with a Market Value of $540 Billion
The price surge past $29,000 has made BTC worth more valuable than Warren Buffett's Berkshire Hathaway.

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets
The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.

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

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

DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect
Following Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%.

Ripple Welcomes Former JPMorgan Chase Chief Regulatory Affairs Officer to its Board of Directors
Ripple has been expanding its network and recently, the blockchain firm has made yet another move to bring its company growth to another level.

DeFi to Reach $20 Billion in Total Value Locked by the end of 2020
The decentralized finance (DeFi) industry recently reached over $15 billion in total value locked before dropping back to $14 billion in TVL.

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced
Input Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.

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

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

Ways DeFi is Changing Finance and its Stand in 2020
Decentralized finance (DeFi) is the bridge between traditional centralized currency and decentralized cryptocurrencies like Bitcoin, Ethereum. Here's how it's changing finance.

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

Yearn.finance Announces Partnership With Cream and New Lending Project: Stable Credit
Yearn.finance founder Andre Cronje has recently published details of an upcoming integration with Cream, a DeFi lending protocol.

Sale of Asian Exchange Data Could Create Revenue Stream of $4.23 Billion Per Year Says Leading Strategy Consultants
Quinlan & Associates, a leading independent strategy consultancy released a report exploring how Asian exchanges can monetize the large volumes of exchange data.

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards
Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.

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

Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency
Another project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack
Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

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

Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward
Financial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be driven forward.

Tokenize the Future: What Tokenization Means For Financial Access
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.

Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days
Uniswap's UNI token has surged by 133% in the past week, with SushiSwap rallying and recording its own increase of 143%.

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

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

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy
The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

What Is a Bitcoin ETF?
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.

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

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

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.

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

ASX Delays Blockchain-Based CHESS Replacement to April 2023
The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.

US Blockchain Firm Ripple Considers Relocation to UK and Singapore for Better Crypto Regulatory Clarity
Ripple CEO explains why he is considering UK and Singapore as potential countries to move blockchain firm Ripple's operations to.

Alibaba Founder Jack Ma Criticizes Current Financial Regulations
Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes
Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.

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

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

Alibaba Founder and China's Richest Man Jack Ma: Digital Currency Could Redefine Money
Alibaba founder and China's richest Jack Ma says digital currency could redefine money and digital currency is the core of future finance.

Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).

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

Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom
Ethereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?

Is Bitcoin Finally Decoupling from S&P 500? BTC Soars While Stocks Plunge
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.

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency
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.

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

Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager
The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.

Ripple Donates $10M to Humanitarian Organization to Accelerate Financial Inclusion
Ripple has continued to be innovative in finding ways to deliver global financial inclusion amid a struggling COVID-19 economy.

Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead
JPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.

Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity
Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.