PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users. PieDAO has launched USD++, a hedged basket of USD-denominated Ethereum (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance […]
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The utopian idea of universal basic income — which has been with humanity for at least half a millenia — can become real with digital currency. Due to the crisis caused by COVID-19, millions of people have lost all or part of their income. To support them, governments have been giving out money to victims. […]
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Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country. The South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax on cryptocurrency, while speaking to the parliamentary finance committee on June 17. According to a report from local news outlet, Korea JoongAng […]
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ConsenSys has announced that six top crypto firms will receive early access to its ETH 2.0 staking platform. Six high-profile crypto firms will participate in an ETH 2.0 staking pilot project using the ConsenSys Codefi platform. On June 17, ConsenSys tweeted that cryptocurrency exchanges Binance and Crypto.com, digital asset custody providers Trustology, Matrixport, and Huobi […]
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A single day of trade has seen Compound’s COMP emerge as the largest DeFi token by market capitalization. After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization. COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over […]
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Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial […]
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A recent U.S. government hearing showed a significant uptick in online crime since COVID-19 took over in 2020. Giving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We are seeing a 75% spike in daily […]
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How much do you know about tokenization and how it could transform finance in the future? Find out for yourself in our fun quiz. Source: , CoinTelegraph cashtechnewsArticles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media […]
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The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system. The research arm of Suadi Arabia’s Islamic Development Bank Group is aiming to develop a blockchain-based smart credit management system. To achieve this, the bank’s Islamic Research and Training Institute, or IRTI, has partnered with the Samsung-backed blockchain […]
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Fireblocks will now utilize Chainalysis’ Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. Blockchain analysis company Chainalysis is partnering with institutional digital-asset security specialist Fireblocks to integrate its Know Your Transaction (KYT) system to monitor crypto transactions within the platform. According to an announcement on June 15, the addition will strengthen Fireblocks’ […]
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