Atomic Loans may have cracked the nut of Bitcoin DeFi as much as anyone can, as its users can use Bitcoin as direct collateral for a cross-chain loan disbursed on Ethereum. Atomic Loans is launching a decentralized finance (DeFi) product that is likely to be the closest to a direct implementation on Bitcoin’s (BTC) chain. […]
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The Algorand Foundation has launched a $43 million grants program to foster a “borderless economy” on the Algorand blockchain. The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14. Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find […]
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Little-known multi-chain architecture project, Komodo (KMD), saw 102% growth against the dollar over the past month, after plunging 75% one month previous. Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for […]
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A new class action suit looks to refund investors for Ether liquidation on Maker on Black Thursday early in March. A new class-action lawsuit against DeFi giant the Maker Foundation alleges that the company misrepresented the risks investors in the ecosystem faced, leading to catastrophic losses of collateral on MakerDAO on March 12. The allegations […]
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SoftBank is expected to lose $12.5 billion driven by its investment in WeWork. SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund […]
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Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. In darknet and hacking forums, perpetrators are pawning off 500,000 user accounts from the popular internet video conferencing site, […]
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The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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Experts think that 3iQ’s latest BTC-related listing will have a positive impact on global investor sentiment toward crypto. On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As […]
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Bitcoin’s halving event is fast approaching and BTC price is running out of time to overcome resistance at $6,900 and the 100-WMA. The volatility and volume in the Bitcoin (BTC) markets dropped down over the past week as the price of Bitcoin relatively stabilized. Stabilizing markets with decreasing volatility and volume usually means that spectacular […]
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
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