Category: Finance
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DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud
DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide.
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After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape of defi platforms and applications. At the…
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Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation
A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere…
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Russian ministry proposes criminal charges for failure to report crypto tax
To ban crypto or to tax, that seems to be the question.
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Europe’s central bank is concerned about possible runs on stablecoins
Stablecoin runs could occur if users lose confidence in the issuer or its network.
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Kind of a big dill: Pickle.Finance TVL exceed $347M in 4 days
Investors are salivating for pickles after DeFi protocol Pickle.Finance locked $347 million in it’s liquidity pools.
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Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by…
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Russia’s largest bank joins blockchain trade finance platform
The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance.
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DeFi app overview: How to navigate crypto’s new finance wave
With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do?