The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform. This platform is set to become a nationwide system for exchanging verified customer data. Dubai’s Department of Economic Development, or DED, and state-run bank Emirates NBD are rolling out their so-called UAE KYC Blockchain Platform. 120 local firms already signed up […]
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The company behind Zcash has begun an endeavor to educate less privileged regions on the benefits of cryptocurrencies. The Electric Coin Company, or ECC, the outfit behind the privacy-focused Zcash cryptocurrency, has initiated the Crypto in Context Program. The effort touts itself as a crypto education, assistive and collaborative movement, looking to impact regions where […]
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The company behind Zcash has begun an endeavor to educate less privileged regions on the benefits of cryptocurrencies. The Electric Coin Company, or ECC, the outfit behind the privacy-focused Zcash cryptocurrency, has initiated the Crypto in Context Program. The effort touts itself as a crypto education, assistive and collaborative movement, looking to impact regions where […]
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Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]
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Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since the start of July from $11 […]
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U.S. online brokerage TradeStation will soon launch its own cryptocurrency lending service. United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service. The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is “C2B2B” that lends institutions borrowed […]
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Ethereum founder Vitalik Buterin has warned about the risks of smart contract exploits in DeFi. Ethereum co-founder Vitalik Buterin has warned of the dangers of ‘smart contract risk’ in DeFi protocols in an interview to mark Ethereum’s fifth birthday. Buterin also warned users not to ‘risk their life savings’ in DefI in his appearance on […]
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Decentralized prediction market platform Augur has completed its v2 upgrade, introducing a host of DeFi features onto the platform. Decentralized predictive betting market platform Augur (REP) has announced the successful deployment of its v2 upgrade. The upgrade is intended to address bugs and vulnerabilities identified with the existing platform and its rules surrounding betting markets, […]
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With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble. Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire […]
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Digital Assets Data CEO Mike Alfred explains increased Bitcoin interest from a number of parties. Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices. “We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day […]
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