Professional service giants like the Big Four are innovating in the blockchain and crypto space. Is it enough to make an impact? Blockchain technology, along with the adoption of cryptocurrencies, is gaining momentum. The enterprise blockchain market is expected to reach $21 billion over the next five years. Just eleven years on, and both sectors […]
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The price of Maker has surged 30% in less than one hour following news of forthcoming listings on Coinbase Pro. Support for Maker (MKR), the token underpinning the leading decentralized finance, or DeFi, protocol MakerDAO, is set to launch on Coinbase Pro on June 8. The U.S.-based cryptocurrency exchange announced the forthcoming listing on May […]
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The Aave protocol has introduced Uniswap tokens as a collateral form, which opens the door to the somewhat risky practice of leveraged liquidity pools on the exchange. The Aave lending protocol introduced a new market based on Uniswap liquidity tokens, which lets depositors borrow assets against these synthetic tokens. The Uniswap market was launched and […]
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Torus has launched its non-custodial key management solution, which is designed to bring web2.0-like user experiences to web3 applications. Crypto key management platform, Torus, has launched its non-custodial key management solution DirectAuth — enabling streamlined log-in experiences for web3 applications. DirectAuth builds on top of the Torus Wallet, which facilitates one-click logins for decentralized applications, […]
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Tether usage is picking up pace in DeFi as Aave reports over 10% of its assets locked are in USDT, after a slow start that saw its competitor USDC gain adoption. Tether (USDT) usage in decentralized finance (DeFi) appears to be growing, as lending protocol Aave reports over $7.2 million in USDT locked, out of […]
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JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure. According to a claim by Harvard Business Review, blockchain will do to banks what the internet did to the media. When it comes to the banks and financial organizations of today, blockchain has the potential to […]
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Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered. Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users. Almost a third of Revolut’s 10 million customers have traded cryptocurrency […]
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law. South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as well as profits from national crypto […]
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Electric Capital partner Ken Deeter proposed the Guarded Launch of a DeFi project. Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system. In an article published on May 27 through the Electric Capital blog, […]
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Toronto-based cryptocurrency exchange teams up with a local security firm to offer full security against “the unthinkable”. Toronto-based cryptocurrency exchange, Bitbuy, now offers full insurance on all Bitcoin (BTC) deposits in an apparent first for the industry, according to a press release shared with Cointelegraph on May 27. The platform claims that the full value […]
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