Regulators in Malaysia have also come after popular cryptocurrency exchange Binance, giving them a 14-day ultimatum to exit the country. The authorities banned the operation of Binance in the country, totally. Binance, recently, has faced crackdowns by regulators in...
Binance’s NFT marketplace has announced a partnership with the State Hermitage Museum to issue tokens that represent the works of renowned artists including Leonardo da Vinci and Vincent van Gogh. In its July 27 blog post, Binance disclosed its...
FTX cryptocurrency exchange’s valuation has hit a record $18 billion following a $900 million funding round that closed Tuesday. Coming at a time Bitcoin’s price crashed and now selling below $30,000, the second time in less than two months,...
Yuga Coin, a stablecoin designed to be backed by government debt, has been awarded a U.S. patent, the two co-founders of the Puerto Rico-based digital FV Bank have said, noting their place as first in history. According to a...
With questions about how Tether’s USDT has kept its head above water for so long and Circle announcing plans to go public, stablecoins have never been so much talked about since they came into existence seven years ago. For...
Regulators in the U.S. state of Texas have alleged that BlockFi’s Interest Account (BIA) product is a “security” under state rules. Texas becomes the third state in the United States to launch what seems to be a crackdown on...
American fintech giant Mastercard is partnering with major cryptocurrency-based companies to help them and traditional financial institutions provide clients with cryptocurrency cards. Announcing plans to revamp its crypto card payment, the company, in a statement said, “Mastercard and its...
Recently, Jack Dorsey, the CEO of Square (NYSE: SQ) announced a new business that will focus on the growing Decentralized Finance (DeFi) network. Square has always had an interest in cryptocurrency and it aims to build its DeFi protocols...
The world’s largest digital asset manager, Grayscale Investments, has teamed up with CoinDesk Index, to launch the Grayscale Decentralized Finance (DeFi) Fund. The Grayscale DeFi Fund is a newly diversified investment product that is now open to daily subscription...
DeFi platforms are currently valued at over $10 billion and several innovations have boosted this space by over 1000%. However, several loopholes seem to exist even with the exponential rise of these platforms. Some of these shortcomings include poor...
