The Chinese government is supporting a new global DeFi association. Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new […]
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Three Representatives are calling on the Secretary of Commerce to study blockchain for consumer protection. A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress. On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie […]
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Crypto exchange giant Binance makes another move into DeFi with new token swapping liquidity platform Crypto exchange giant Binance is delving deeper into the world of DeFi-style products with its latest offering, an automated market maker called Binance Liquid Swap. Aimed directly at Uniswap and its clones, Binance will launch an AMM liquidity pool that […]
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Ripple’s Japanese partner wants to lead financial innovation in the country. SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial […]
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DAML smart contract language is now used for digital bonds. Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology. As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond […]
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The techniques are sophisticated but crypto laundering cases are still relatively small. British multinational security company BAE Systems and the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, have published a report revealing how cybercriminals launder cryptocurrency. According to the study Follow the Money money laundering cases via crypto are still relatively small compared to […]
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Bitcoin has crashed below $10,000 for the first time in seven weeks. An aggressive week of selling has seen the price Bitcoin (BTC) fall below $10,000 for the first time since late-July, triggering fear in the markets. After posting a local top of roughly $12,500 on August 17, BTC consolidated between $11,250 and $12,100. However, […]
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A central bank digital currency in Brazil may be inevitable. The president of Banco Central — Brazil’s central bank — has announced Brazilians could expect to see a central bank digital currency before 2023. According to a Sept. 2 report from news outlet Correio Braziliense, Brazil could be ready for a central bank digital currency […]
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The Celo platform utility token can now be traded on Coinbase and Coinbase Pro. Coinbase, the largest cryptocurrency exchange in the United States, will now offer support for Celo — an announcement that led to a 32% price surge in less than two hours. According to a Sept. 3 blog post from Coinbase, the exchange […]
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Latin American companies are looking towards crypto as an escape from the banking system. New York-based blockchain analytics firm Chainalysis has published new research highlighting there have been up to 200,000 crypto transactions in the past year, worth more than $1 billion between Latin America and Asia. The study Latin America Mitigates Economic Turbulence with […]
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