Tag: Fintech News

KAVA Unveils World’s First DeFi Cross-Chain Money Market – Harvest

KAVA Unveils World’s First DeFi Cross-Chain Money Market – Harvest

DeFi lending protocol Kava, backed by multiple crypto industry giants such as Binance, Huobi, OKEx, Kraken and Cosmos, has just launched its very first DeFi application – Harvest. Touted as the world’s first cross-chain money market, users can stake Bitcoin (BTC), XRP (Ripple), Binance Coin (BNB), Binance stablecoin (BUSD), KAVA, and the USDX stablecoin on […]

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Uniswap Entrenches DEX Dominance with Launch of Proprietary UNI Token

Uniswap Entrenches DEX Dominance with Launch of Proprietary UNI Token

Uniswap nearly lost the decentralized exchange (DEX) race to Sushiswap two weeks ago when the latter burst into the DeFi scene with an attractive moniker, shining new SUSHI tokens and immense rewards, and since the fall of Sushiswap, Uniswap seems to have learnt its lesson because someone else’s crisis is an opportunity. On September 17, […]

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Bank of Thailand Issues 50 Billion Baht in Government Bonds with Blockchain

Bank of Thailand Issues 50 Billion Baht in Government Bonds with Blockchain

Thailand has been leveraging on blockchain technology in the issuance of government bonds, as announced by the Ministry of Finance. In June, a digital wallet called the ‘SBM Wallet’ was rolled out so citizens could have better access to bonds issued by the government. According to the Bank of Thailand (BOT) ,it has successfully issued […]

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Sushiswap Community Votes on New Protocol Changes; Uniswap Catches Up

Sushiswap Community Votes on New Protocol Changes; Uniswap Catches Up

Sushiswap took the crypto world by storm two weeks ago with its market capitalization surging to a high of more than $1.4 billion, usurping the market’s largest decentralized exchange Uniswap then in the span of a few days. It rode on the immense success Uniswap achieved, then added its own twist by offering larger pools […]

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Total Value Locked in DeFi Spikes $1.4 Billion as Prices Recover

Total Value Locked in DeFi Spikes $1.4 Billion as Prices Recover

Last week, the SushiSwap incident caused the market to panic sell, decentralized finance (DeFi) market capitalization plunged by almost 50% as the majority of traders got burnt in the SushiSwap sell-off. Over the weekend, however, the total value locked (TVL) in DeFi protocols has seen a significant recovery. The TVL increased more than $1.4 billion […]

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Digital Euro Study Will Soon Be Revealed, Says ECB President Christine Lagarde

Digital Euro Study Will Soon Be Revealed, Says ECB President Christine Lagarde

The long-awaited study and research findings from the European Central Bank (ECB) over a potential Central Bank Digital Currency (CBDC), the digital euro, will be revealed in the coming weeks, says ECB President Christine Lagrade. As reported by Reuters, the ECB will present the advantages and disadvantages of rolling out a digital euro and launch […]

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Banks Can Now Test CBDCs with Mastercard’s Newly Launched Virtual Platform

Banks Can Now Test CBDCs with Mastercard’s Newly Launched Virtual Platform

According to a press release, Mastercard has launched a Central Bank Digital Currencies (CBDCs) Testing Platform, facilitating banks’ pilot programs by allowing them to first assess the usability of the CBDC design or strategy in a simulated CBDC ecosystem. Rolling out this platform is opportune as a majority of banks across the globe have started […]

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DeFi Highlights: 50% Price Crash for Top Tokens, Sushiswap Drama Continues & More

DeFi Highlights: 50% Price Crash for Top Tokens, Sushiswap Drama Continues & More

Crypto experts have been cautious about the DeFi craze and the too-good-to-be-true rewards DeFi projects are offering one after the other, voicing their concerns over the crypto community going ‘too fast, too furious’ into the space. It was apparent from the Sushiswap saga over the past few days that unaudited projects and smart contracts are […]

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Should Bitcoin and Crypto Assets Be Classified as Stocks? Think Tank Founder Says Yes

Should Bitcoin and Crypto Assets Be Classified as Stocks? Think Tank Founder Says Yes

India has largely been teetering between positions of ambivalence and opposition towards the cryptocurrency industry this year since the Supreme Court overturned the Reserve Bank of India’s (RBI) ban on banks engaging with crypto-related businesses in the country. Many countries are taking on the challenge of cryptocurrency regulation by making crypto activity expensive and that […]

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