open finance – DIGIT INFO

Brazil tests DeFi elements, compatibility in Drex CBDC pilot

DIGIT — Fri, 04 Oct 2024 09:44:56 +0000

Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.

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UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives

DIGIT — Tue, 14 Feb 2023 07:30:29 +0000

On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital currency (CBDC) designed to address both cross-border payments and domestic […]

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Brazil Could Launch Its Defi-Integrated Digital Real in 2024

DIGIT — Sat, 17 Dec 2022 04:30:16 +0000

Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with traditional finance structures and decentralized finance (defi) institutions. […]

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Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

DIGIT — Wed, 22 Apr 2020 02:06:14 +0000

While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token. An Attempt […]

The post Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin appeared first on Bitcoin News.

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‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation

DIGIT — Wed, 15 Apr 2020 13:45:21 +0000

The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black […]

The post ‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation appeared first on Bitcoin News.

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Decentralized Finance Projects Are Starting to Ship

DIGIT — Fri, 27 Sep 2019 15:45:23 +0000

Defi, defi, defi. You can’t go anywhere in crypto these days without having that contraction thrown at you. 2017 was all about the ICO, 2018 was about surviving the bear market, and early 2019 was a toss-up between IEO and STO. Now, as we prepare to enter Q4 of 2019, it’s all about decentralized finance. […]

The post Decentralized Finance Projects Are Starting to Ship appeared first on Bitcoin News.

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