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.
More DetailsHK FinTech Week: What’s Next for Blockchain in Finance?
More DetailsDecentralized finance (DeFi) is the bridge between traditional centralized currency and decentralized cryptocurrencies like Bitcoin, Ethereum. Here's how it's changing finance.
More DetailsSettlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT).
More DetailsCoinbase 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?
More DetailsBitcoin 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.
More DetailsMasterCard patents blockchain system to help shared device merchants avoid credit card fees.
More DetailsOver 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value
More DetailsAccording 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.
More DetailsA 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.
More DetailsThe $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.
More DetailsThe president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.
More DetailsChina’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.
More DetailsAs 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.
More DetailsG20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.
More DetailsPorter 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.
More DetailsThe Society for Worldwide Interbank Financial Telecommunication (SWIFT) has dropped another hammer on proponents of Bitcoin and cryptocurrencies, referring to Cryptos as “useless and unstable.”
More DetailsQuinlan & Associates, a leading independent strategy consultancy released a report exploring how Asian exchanges can monetize the large volumes of exchange data.
More DetailsUniswap 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.”
More DetailsIn 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,
More DetailsInspired 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.
More DetailsThe decentralized finance (DeFi) industry appears to be crashing, with DeFi tokens plummeting and dropping by 50% and more over the past seven days.
More DetailsThe 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.
More DetailsCOSIMO 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.
More DetailsFinance 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.
More DetailsReleased in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.
More DetailsAlibaba founder Jack Ma highlights the importance of fintech innovations over regulations.
More DetailsAndre Cronje has also recently been sued over his unfinished Eminence Finance (EMN) project, which has been hacked.
More DetailsBinance CEO Changepeng Zhao (CZ) and two major crypto executives believe traditional financial institutions have a long way to go before they embrace digital currencies.
More DetailsThe 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.
More DetailsThe 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.
More DetailsIBM 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.
More DetailsThe lending fund is designed to support crypto mining firms impacted by the market downturn.
More DetailsInput Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.
More DetailsMastercard, 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.
More DetailsUndoubtedly fintech is leading us towards an unpredictable future considering the fintech leader’s insights and predictions.
More DetailsJPMorgan has partnered with DBS Group Holdings and Singapore-based investment company Temasek to create a blockchain-enabled foreign exchange platform.
More DetailsA leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
More DetailsThe 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.
More DetailsAsia'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.
More DetailsIn 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.
More DetailsDespite 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.
More DetailsPaolo 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.
More DetailsThe 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.
More DetailsMore participants are eyeing the cryptocurrency sector, given that the crypto exchange web traffic has witnessed a 15.5% increase month-on-month (MoM).
More DetailsYearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.
More DetailsFindings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.
More DetailsPostFinance has partnered with Sygnum to offer customers cryptocurrency trading and storage services, including Bitcoin and Ether.
More DetailsHong 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.
More DetailsFacebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.
More DetailsRipple'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.
More DetailsHong Kong retail traders may be prohibited from trading cryptocurrencies if the city’s Financial Services and the Treasury Bureau’s proposed rule is approved.
More DetailsZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.
More DetailsThe price surge past $29,000 has made BTC worth more valuable than Warren Buffett's Berkshire Hathaway.
More DetailsThe 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.
More DetailsCryptex Finance is set to launch a new JPEGz token powered by Chainlink and Coinbase Cloud.
More DetailsLido 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.
More DetailsJapan 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.
More DetailsFSB Worries that the development of BigTech Companies and their growing user community may cause the disintegration of banks amongst other mainstream financial systems.
More DetailsYearn.finance (YFI) price has been surging in the past week, as the cryptocurrency market has seen massive bullish momentum as Bitcoin led the way.
More DetailsTo expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.
More DetailsThai financial authority turn their eyes to decentralized finance regulation by requesting future DeFi-related activities to get appropriate licenses.
More DetailsThe DeFi sector has attracted millions to billions of dollars worth of crypto to the industry, however, some protocols have shown issues.
More DetailsBasel 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.
More DetailsEthereum (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.
More DetailsProfessional 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.
More Details27 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.
More DetailsCoinbase 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.
More DetailsTo 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.
More DetailsBlockchain.News State of DeFi Survey
More DetailsIf the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.
More DetailsKenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.
More DetailsWith 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.
More DetailsSet 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.
More DetailsSlowMist, 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.
More Details"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.
More DetailsThe 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.
More DetailsDespite 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.
More DetailsYearn.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.
More DetailseToro 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.
More DetailsThe 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.
More DetailsAs the opt-out movement gains steam, another group of people may end up pushing crypto into the mainstream: old people and business leaders.
More DetailsOndo Foundation's new Ondo Points program and ONDO token unlock plan mark significant steps in community engagement and token utility in the DeFi sector.
More DetailsThe 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.
More DetailsDecentralized 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.
More DetailsMichael 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.
More DetailsAndre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance.
More DetailsCrypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
More DetailsGreta 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).
More DetailsThe DeFi Total Value Locked (TVL) has also plunged in tandem, dropping to $83 billion at the time of writing.
More DetailsCream Finance has plans to refund victims of its latest network attack.
More DetailsWe.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.
More DetailsThetanuts 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.
More DetailsJanet Yellen said that the benefits of cryptocurrency are clear and the US Treasury Department acknowledges the role it plays in the current landscape.
More DetailsAccording to a Bloomberg report, Binance has debuted an investment in China With a crypto Media and data sourcing company, Mars Finance.
More DetailsWhile 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?
More DetailsCurve 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.
More DetailsAmid 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.
More DetailsCryptocurrencies, 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.
More DetailsA 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.
More DetailsYearn.finance founder Andre Cronje has recently published details of an upcoming integration with Cream, a DeFi lending protocol.
More DetailsBerlin-based Unstoppable Finance has announced a €12.5 million ($12.8 million) Series A round led by Lightspeed Venture Partners.
More DetailsRussian 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.
More DetailsDeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.
More DetailsBlockchain.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.
More DetailsAt 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.
More DetailsCrema 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.
More DetailsRecently many DeFi tokens have plunged drastically in the past few weeks, with Uniswap’s UNI token and Yearn.finance (YFI) plunging over 38 percent.
More DetailsWith 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.
More DetailsThe 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.
More DetailsHenri 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.
More DetailsChina 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.
More DetailsComposable 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.
More DetailsYearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.
More DetailsHarvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.
More DetailsIt 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.
More DetailsTezos is taking another step towards decentralized finance (DeFi) with a delegated price feed oracle called Harbinger.
More DetailsCurve 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.
More DetailsSwiss firms, Crypto Finance Group, InCore Bank, and Inacta have tapped the power of Tezos blockchain to launch tokenized finance products.
More DetailsAccording 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.
More DetailsThe 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.
More DetailsUniswap'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.
More DetailsThe rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.
More DetailsPayPal’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.
More DetailsNested wants to use the funds raised to fuel its DeFi social trading platform’s product offering and network across the world.
More DetailsYearn.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?
More DetailsGitcoin, 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.
More DetailsFinastra 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.
More DetailsPlatypus 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.
More DetailsDecentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.
More DetailsEquilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.
More DetailsCurve 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.
More DetailsRipple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.
More DetailsRipple CEO explains why he is considering UK and Singapore as potential countries to move blockchain firm Ripple's operations to.
More DetailsEthereum's total fees has hit a monthly high of 746.026 ETH.
More DetailsTransit Finance protocol has announced there is an agreement to return at least $10,000 BNB tokens gradually after conversations with the biggest hacker.
More DetailsdYdX 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.
More DetailsThe 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.
More DetailsDuring 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.
More DetailsSome 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.
More DetailsEthereum transaction fees recorded its lowest price since July, when the decentralized finance (DeFi) boom began. What does this mean?
More DetailsZipmex 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.
More DetailsThe 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.
More DetailsThree 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.
More DetailsRetail investors could soon have the opportunity to earn on ETH 2.0 if a proposal on Ethereum 2.0 validator vault on Yearn passes.
More DetailsAccording 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.
More DetailsPlatypus 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.
More DetailsEthereum'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.
More DetailsChina 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.
More DetailsHong 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.
More DetailsThe 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.
More DetailsPolygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.
More DetailsMaple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills.
More DetailsThe US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).
More DetailsDecentralized lending platform Cream Finance officially announced integrating with Polygon by launching its money markets on the Ethereum layer 2 scaling solution Polygon network.
More DetailsThe 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.
More DetailsWe 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.
More DetailsThe 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.
More DetailsYearn.finance's governance token YFI set a new record high of $95,000 today.
More DetailsCryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.
More DetailsThe US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.
More DetailsIn a letter to his shareholders, JPMorgan CEO Jamie Dimon cited the need for regulatory clarity for Bitcoin and other cryptocurrencies.
More DetailsUS CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.
More DetailsThe 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).
More DetailsThe 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.
More DetailsDeFi's value keeps surging with Decentralized Finance’s locked in value now at over $9 Billion
More DetailsThe Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.
More DetailsCompound'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.
More DetailsIn 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?
More DetailsUS politician Ro Khanna has shared a tweet that is bullish on Bitcoin. He also advocated for sustainable cryptocurrency mining operations.
More DetailsChatGPT 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.
More DetailsAnother project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.
More DetailsWith 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.
More DetailsHuobi 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
More DetailsThe 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.
More DetailsUS prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.
More DetailsBanking 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.
More DetailsNew 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.
More DetailsFinance 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”.
More DetailsThe 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.
More DetailsPer 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
More DetailsBOSTON, 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.
More DetailsBitcoin adoption in Asia is taking a new turn as more institutional investors are joining the network.
More DetailsMeanwhile, 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.
More DetailsTo offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank has partnered with Bakkt.
More DetailsBlockchain 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.
More DetailsMati Greenspan, founder of Quantum Economics believes the coronavirus pandemic has brought Bitcoin closer to the S&P 500 than ever before.
More DetailsBabel 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.
More DetailsThrough the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group.
More DetailsNo 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.
More DetailsRadiant 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.
More DetailsRBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.
More DetailsMagnate 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.
More DetailsPureFi 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.
More DetailsBlockchain 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.
More DetailsNew 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.
More DetailsAs 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.
More DetailsOn 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.
More DetailsTop banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.
More DetailsToday, 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.
More DetailsFinancial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be driven forward.
More DetailsTraditional financial institutions such as banks are no longer the only option. The financial services industry will be decentralized and digital in the future.
More DetailsTheDoJ has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes.
More DetailsStandard 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.
More DetailsThetanuts 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.
More DetailsBabel 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.
More DetailsAs the cryptocurrency industry provides access to financial products such as loans, it is essential to understand the importance of collateral.
More DetailsDefi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11.
More DetailsFabio 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).
More DetailsBinance, 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.
More DetailsFor 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.
More DetailsU.S. regulators have issued a strict warning on money laundering risks associated with stablecoins and has warned providers to tighten AML protections and controls.
More DetailsThe 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.
More DetailsLi 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.
More DetailsApeswap 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.
More DetailsHSBC 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.”
More DetailsAccording 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.
More DetailsCo-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.
More DetailsThe Ulema Council (MUI) has spoken against the engagement with digital currencies for Muslims in Indonesia, saying the nascent asset class is haram.
More DetailsGemini 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.
More DetailsCardano 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.
More DetailsThe 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.
More DetailsThe US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.
More DetailsTether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.
More DetailsA 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.
More DetailsWhile agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.
More DetailsStarknet 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.
More DetailsYearn.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.
More DetailsCrypto service provider Wirex has moved on from Wirecard,. The company has secured a new partnership with Railsbank
More DetailsOne 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.
More DetailsAlejandro Zelaya has defended El Salvador’s Bitcoin plan. According to the finance minister, the plan is working amid challenges posed by the market crash.
More DetailsThe OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.
More DetailsRussia’s Ministry of Finance has issued an amendment to its current cryptocurrency regulations. The amendments also come with stricter sanctions.
More DetailsEthereum has surged and recorded a new all-time high, and many seem to attribute its success to DeFi’s ever-growing ecosystem.
More DetailsIn 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.
More DetailsCelsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel.
More DetailsWhy 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.
More DetailsThis 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.
More DetailsOn 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.
More DetailsOn-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.
More DetailsA 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.
More DetailsCoinbase CEO Brian Armstrong has voiced his disappointment over Apple’s lack of flexibility on decentralized applications (dApps) operating on its App store.
More DetailsBTSE, 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.”
More DetailsLending 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.
More DetailsRecent 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.
More DetailsRipple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.
More DetailsTwo 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.
More DetailsLido 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.
More DetailsSolana-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.
More DetailsThe Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.
More DetailsThe Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.
More DetailsJapan's Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himono as the new commissioner of the financial watchdog group.
More DetailsSingapore’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.
More DetailsOKX Ventures invests in Orbiter Finance, a decentralized cross-Layer 2 protocol on Ethereum, aiming to redefine blockchain infrastructure and enhance decentralization.
More DetailsThe European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.
More DetailsThe stablecoin platform DFX Finance is the latest victim of a $7.5 million hack
More DetailsRipple has continued to be innovative in finding ways to deliver global financial inclusion amid a struggling COVID-19 economy.
More DetailsAs institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.
More DetailsSince 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.
More DetailsA 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.
More DetailsAlgorithmic 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.
More DetailsAnt 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).
More DetailsRipple has been expanding its network and recently, the blockchain firm has made yet another move to bring its company growth to another level.
More DetailsAlibaba founder and China's richest Jack Ma says digital currency could redefine money and digital currency is the core of future finance.
More DetailsMultinational banking giant, HSBC has reportedly become the first bank to complete a financial transaction using the blockchain trade platform, we.trade based in Europe.
More DetailsNinety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
More DetailsKB Kookmin, a major South Korean bank, is planning to adopt blockchain technology into its internal processes.
More DetailsFidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.
More DetailsWirex 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.
More DetailsThe 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.
More DetailsVitalik Buterin has criticized the yield farming craze observed from the DeFi sector, comparing it to the US Federal Reserve’s mass printing strategy.
More DetailsBlockchain, 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.
More DetailsOne 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.
More DetailsChina’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.
More DetailsA 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.
More DetailsThe 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.
More DetailsBlockchain company Metis has announced today a launch of the first-ever community-minted non-fungible token (NFT), called “Rebuilding the Tower of Babel.”
More DetailsStablecoin 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.
More DetailsWith the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.
More DetailsAccording 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.
More DetailsThe Chainlink network has made a name for itself by providing reliable tamper-proof data for complex smart contracts on any blockchain.
More DetailsJapan’s finance minister stated that there is no need to lower crypto tax rates.
More DetailsSushiSwap’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.
More DetailsIn 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.
More DetailsThe 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
More DetailsFollowing 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.
More DetailsNEAR's blockchain ecological DeFi project- Ref Finance announced the completion of $4.8 million financings led by Jump Crypto.
More DetailsEuler 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.
More DetailsIn 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.
More DetailsSBI Group has rolled out a cryptocurrency rental service dubbed “VC TRADE LENDING” aimed at borrowing Bitcoin from customers in return for 1% annual interest.
More DetailsCircle'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.
More DetailsShanghai 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.
More DetailsLeading 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.
More DetailsThe decentralized finance (DeFi) industry has surpassed $9 billion in total value locked (TVL) recently resulting from the latest surge in popularity.
More DetailsWith 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.
More DetailsNew 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.
More DetailsASIFMA (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.
More DetailsHong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion.
More DetailsThe Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.
More DetailsOn 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.
More DetailsThe US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
More DetailsDecentralized finance projects recently witnessed its tokens plummet, crashing up to 50%. The DeFi industry has slightly recovered, rebounding 19% today.
More DetailsDeFi 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.
More DetailsThe 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.
More DetailsThe 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.
More DetailsWe 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.
More DetailsBlockchain 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.
More DetailsCrypto 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.
More DetailsThe decentralized finance (DeFi) industry recently reached over $15 billion in total value locked before dropping back to $14 billion in TVL.
More DetailsNow 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
More DetailsMarket 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.
More DetailsSingapore-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.
More DetailsLido 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.
More DetailsThe 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.
More DetailsStablecoins have made incredible crypto gains, achieving a milestone of $20 billion per market capitalization in September.
More DetailsFollowing Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%.
More DetailsYearn.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.
More DetailsThe Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.
More DetailsDespite recent recoveries, $4bn was lost to hacks, fraud, and scams in 2022. Increased security measures, such as DeFi and multi-signature wallets, can help.
More DetailsInvestors steadily recovering from 2022 backed CZ's long-term bet on crypto sceptics.
More DetailsSean 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.
More DetailsJPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.
More DetailsPopular DeFi tokens, including Yearn.finance (YFI), and Uniswap (UNI) have also witnessed strong corrections in the past few days.
More DetailsThanks 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.
More DetailsA 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.
More DetailsYearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers
More DetailsThe 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.
More DetailsStakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.
More DetailsWith 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.
More DetailsA quarterly report from eToro indicated that while DeFi sector was bullish in 2020’s third quarter (Q3), Bitcoin trades decreased in contrast.
More DetailsYearn.finance (YFI) has faced a steep correction lately and has been one of the worst performers in the top 100 cryptocurrencies.
More DetailsThe 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.
More DetailsSingapore 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".
More DetailsSamsung 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).
More DetailsThe 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.
More DetailsSynthetix 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.
More DetailsCross-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.
More DetailsKokomo 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.
More DetailsCurve 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.
More DetailsUniswap's UNI token has surged by 133% in the past week, with SushiSwap rallying and recording its own increase of 143%.
More DetailsLido Finance community members cast their votes on a pivotal governance proposal, shaping the future direction of the staking platform.
More DetailsIn 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.
More DetailsThe Ondo Foundation introduces Ondo Points to enhance community engagement and proposes an unlock plan for ONDO tokens, advancing its mission in the DeFi space.
More DetailsThe new platform is now offering a variety of digital asset services to institutional clients after receiving nine new trading licenses.
More DetailsStarknet 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.
More DetailsSmart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.
More DetailsAs 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.
More DetailsNanning, a Southern Chinese City, located in Guangxi Region, has experimented with a blockchain-enabled cross-border financial platform.
More DetailsBitcoin (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.
More DetailsHMRC 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.’
More DetailsA 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.
More DetailsMichael 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.
More DetailsEuler 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.
More DetailsEthereum has set the tone for the DeFi boom this year, and it has dominated particularly during the third quarter of 2020.
More DetailsSolana, 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.
More DetailsBinance 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.
More DetailsKyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.
More DetailsBitcoin 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.
More DetailsTraditional 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.
More DetailsThe battle between the Securities and Exchange Commission (SEC) and Ripple over how XRP should be regulated continues to stretch on.
More DetailsEconomists 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.
More DetailsRyan 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.
More DetailsThe 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.
More DetailsAllianceBlock 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.
More DetailsAML BitCoin lobbyist Jack Abramoff has pleaded guilty to multiple accounts of fraud associated with the 2018 Initial Coin Offering (ICO) for AML BitCoin.
More DetailsMarket analyst Lark Davis noted that big money flow was piling in Ethereum’s decentralized finance (DeFi) sector, and that's bullish.
More DetailsBabel 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.
More DetailsOwing 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.
More DetailsEuler 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.
More DetailsTokenInsights 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.
More DetailsTop 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.
More DetailsTokyo, 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.
More DetailsBlockchain 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.
More DetailsEthereum faced a flash crash on August 1, where it plummeted by approximately $90 from $415 in 5 minutes.
More DetailsAmerican internet celebrity David Portnoy officially hosted the Winklevoss Twins at his house for a long-due conversation regarding Bitcoin (BTC) and cryptocurrencies.
More DetailsThe global blockchain-as-a-service (BaaS) sector is anticipated to reach $15.8 billion by 2026 from the current $2.31 billion.
More DetailsWhile the rest of the cryptocurrency market has been plunging, Uniswap’s UNI token has fallen in tandem with the rest of the market.
More DetailsRecent 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.”
More DetailsThe DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.
More DetailsAnthony 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.
More DetailsTwo of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.
More DetailsUttama 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.
More DetailsLeading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.
More DetailsFrench Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.
More DetailsThe 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:”
More DetailsPickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.
More DetailsThe World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy
More DetailsIndia’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.
More DetailsFrankfurt 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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