A society without paper money might be a less equitable society. Those lacking digital connectivity would suffer. In Sweden, cash in circulation represents only 1% of the country’s gross domestic product, and some experts predict the nation will go “totally cashless” by 2023. In China’s largest cities, over 90% of people use WeChat Pay and […]
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Decentralized finance clearly has the potential to change the world, but most of what carries that moniker today is not at all truly DeFi. The ecosystem is crowded with early versions of DeFi with many flaws: Because the tech is new, because the chains they run on have their own shortcomings, and because people are […]
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Bitcoin price slipped as the Dow Jones sharply dropped, but three key reasons might prevent a prolonged pullback. The United States stock market plunged as the Dow Jones Industrial Average (DJIA) dropped 358 points in pre-market trading. The Bitcoin (BTC) price dropped to as low as $10,374 across major exchanges, but a larger pullback is […]
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The former owner of a Russian bank seems to be pivoting to the decentralized space. Russian businessman and self-styled “ex-oligarch” Aleksandr Lebedev is backing a new decentralized finance project that aims to compete across a broad spectrum of financial products. As reported by Russian financial publication RBC, Lebedev is providing the initial funding for a […]
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A pump in daily volume creates an 8% swing on whether Trump will complete his first term. Following reports of United States President Donald Trump’s positive test result for COVID-19, prediction markets have (perhaps predictably) seen a flurry of activity. One of the more macabre predictions gaining attention is on the centralized PredictIt market run […]
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The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up. One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same […]
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The winning bidder will need to provide the auction house with a crypto address hosted on a registered, compliant trading platform. The Romanian authorities are set to host their first-ever auction of cryptocurrency, seized from a fraud case. On Oct. 2, the National Agency for the Management of Seized Assets (ANABI) announced its forthcoming auction […]
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APY.Finance is the latest DeFi protocol to explode in popularity, locking more than $67 million of stablecoins in the first hour of launching its mining program. The DeFi sector is still going strong with the newly launched yield farming platform APY.Finance attracting more than $67 million in locked funds within one hour of launching liquidity […]
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Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies. Venezuela’s National Securities Superintendency has given the go-ahead for a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country that aims to have a global reach despite international sanctions. Cointelegraph Espanol reports that news of […]
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NBA Top Shot, the officially licensed crypto collectibles from the team behind CryptoKitties, has opened its beta version to the public. NBA TopShot, the flagship non-fungible token (NFT)-powered game built by Dapper Labs on their Flow blockchain, has launched in open beta. The transition to public beta came on October 1, alongside Top Shot’s launch […]
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