Tag: Fintech News

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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Bank of England Governor on Bitcoin: “They Strike Me as Unsuited to the World of Payments, Where Certainty of Value Matters”

Bank of England Governor on Bitcoin: “They Strike Me as Unsuited to the World of Payments, Where Certainty of Value Matters”

The Bank of England is a great proponent of central bank digital currency (CBDC), but on digital assets such as the bellwether cryptocurrency Bitcoin, not so much. In a speech given by Andrew Bailey, Governor of the Bank of England to the Brookings Institute on September 3, Bailey stated that while it is not the […]

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Beijing-Based Asia DeFi Consortium ‘Open DeFi’ Launches to Accelerate DeFi Growth Across Region

Beijing-Based Asia DeFi Consortium ‘Open DeFi’ Launches to Accelerate DeFi Growth Across Region

Decentralized finance (DeFi) is one of the hottest topics in the crypto industry of the year and growth in the sector does not seem to be losing its explosive momentum. DeFi has not only introduced massive rewards to its community and breathed new life into the concept of decentralized community governance, but also a new […]

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First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse

First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse

Traditional stock exchanges are jumping onboard the digital assets bandwagon with the introduction of new crypto-related products and the latest of stock exchanges to do so is the Vienna stock exchange Wiener Börse. According to a press release, 21shares, a fintech firm specializing in exchange traded products (ETPs), has made its Bitcoin ETP and Ethereum […]

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Singapore Stock Exchange Enters Digital Assets Realm with New Crypto Indices Listing

Singapore Stock Exchange Enters Digital Assets Realm with New Crypto Indices Listing

Major Singapore stock exchange SGX announced its partnership with UK-based data and analytics firm CryptoCompare in rolling out brand new crypto indices under SGX’s iEdge Index Suite, focusing on the two most capitalized cryptocurrency in the market – Bitcoin (BTC) and Ethereum (ETH). The release of the iEdge Bitcoin Index and iEdge Ethereum Index is […]

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TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON founder Justin Sun today announced the creation of a new coin – a DeFi token, to be exact, as the popular crypto industry personality jumps on the decentralized finance bandwagon with his very own $SUN token, available from September 16 onwards. Unveiled via his Twitter account, Sun states that the project is “manifesting total […]

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Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

The DeFi craze has propelled more than a handful of DeFi tokens, both new and old alike, to new heights in a short few months. It was only recently that Chainlink (LINK), the DeFi sector’s largest cryptocurrency by market capitalization, rose to fifth place in the cryptocurrency market, overtaking both Cardano (ADA) and even Bitcoin […]

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IMF Reposts Intro Video to Cryptocurrency; Community is Not Impressed

IMF Reposts Intro Video to Cryptocurrency; Community is Not Impressed

The International Monetary Fund (IMF) recently reposted a short introductory video to cryptocurrency made in 2018 today, much to the chagrin (or amusement) of the crypto community. A two-minute explainer for beginners on how blockchain technology enables a “special currency”, the reposting of this old video can be seen as a response to more of […]

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