How yield farming on decentralized exchanges can become less risky
DeFi brings an opportunity to access the yields unseen in traditional finance, now with the competitive risk levels. Go to Source Powered by WPeMatico
DIGIT
Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these … Read more
Nifty news: Polyient marketplace, Ronaldinho drop, and a ‘staggering’ $4800 NFT sale …
Polyient is launching an NFT marketplace with DeFi features, Ronaldinho has entered the NFT market and Vitalik Buterin has digitally signed an NFT for very little money. Go to Source Powered by WPeMatico
Synthetix turns on layer-two alpha, launches Olympics betting on options platform
Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. Go to Source Powered by WPeMatico
Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally
Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator … Read more
FinCEN’s new digital currency advisor says crypto’s ‘just another means of payment’
FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology. Go to Source Powered by WPeMatico
PayPal set to launch crypto trading in the UK and may embrace DeFi
The global payments platform wants to let British customers trade crypto on its new “super app”. Go to Source Powered by WPeMatico
Congressman takes aim at peers who think crypto could cause a ‘financial 9/11’
Characterizing his contemporaries as viewing the crypto sector as a “financial 9/11,” Congressman Ted Budd has warned lawmakers against driving blockchain innovation offshore. Go to Source Powered by WPeMatico
US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin
U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,” … Read more
MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2
As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset. Go to Source Powered by WPeMatico
