One of the main subjects that concern crypto users is digital assets (or cryptocurrency) regulation. The digital asset has been in much of the attention in 2020 by the federal government and regulators around the world. In a recent G7 meeting, the Finance Ministries and Central Banks strongly support the...
In the last 10 months, we have seen an explosion of decentralized financial protocols introduced on the Ethereum blockchain. DeFi proposes an entirely new financial system that is independent of the traditional financial infrastructure or instruments. DeFi products do not need any intermediaries. The smart contract specifies the settlement conditions...
Investing in crypto assets has certainly evolved throughout 2020 and will continue to expand in the coming years. Today’s trading landscape is primarily dominated by a few large players, predominantly Coinbase, Kraken, Gemini, Bitstamp, Bitfinex, and Binance. While centralized trading has been widely popular, it’s not quite the new financial...
Decentralized finance (DeFi) yield farming aggregator, APY.Finance has raised $3.6 million in seed funding. The round saw participation from several investors, including Alameda Research, CoinGecko, Arrington XRP Capital, Cluster Capital, and among other prominent DeFi thought leaders, including Santiago Roel Santos (Parafi Capital) and George Lambeth. The proceeds will go...
Decentralized finance (DeFi) lending protocol bZx was hacked once again on the 13th Sept and lost over $8 million due to a faulty code in its smart contracts. This is the third time bZx has been attacked this year. In February, the protocol lost about $945,000 in two attacks. The...
DeFi goes on to play a crucial role in the evolution of the financial sector for many reasons. For one, it is an open and permissionless system that is available to everyone. Secondly, arguably more interesting is interoperability that helps DeFi companies scale products by leveraging other innovations in the...
KyberSwap, one of the largest non-custodial cryptocurrency exchange is moving out of Malta to the British Virgin Islands. According to an email sent by KyberSwap to its registered users on Thursday, it is making this move in response to the Fifth Anti-Money Laundering Directive (5AMLD), which went into effect on...
While exchanges have always been a popular off-ramp for illicit cryptocurrency, they’ve taken in a steadily growing share since the beginning of 2019. Last year, the U.N. shared a similar view suggesting cryptocurrencies have become a popular choice by criminal organizations and sanction countries alike to bypass sanctions. Now a...
Asset management firm Bitwise, for now, has withdrawn its Bitcoin ETF application. According to a request to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Bitwise said the move to withdraw is “consistent with the public interest and protection of investors.” Bitwise first filed its ETF proposal in January...
Blockchain has become the number one in-demand skill. In the latest report by Linkedin, blockchain which companies weren’t even looking at a year ago, now in 2020 tops the list of most in-demand hard skills. “The promise of blockchain — essentially a shared digital ledger — is huge. Advocates see...
