Korean banks push for blockchain adoption as former high-level officials join the space. In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up […]
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Chaos at the headquarters of MakerDAO: Why have some key members left the company, while others hired a lawyer? In the crypto industry, there are many examples of how a conflict of interest has led to a company split. Perhaps, the largest ones are the forks of bitcoin (BTC), bitcoin cash (BCH) and the Ethereum […]
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Blockchain startup Spring Labs recently raised $23 million in Seed A funding round, says funds will go towards security products built on its Spring Protocol blockchain platform. United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly […]
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A full guide to decentralized exchanges — how they work and differ from their centralized counterparts. Any dispute settlement process? The main issue when talking about regulation of DEXs is that, in most cases, such exchanges are not controlled by a specific legal entity or individual. Since DEXs are not required to follow regulations, this […]
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Most decentralized finance applications are being built on the Ethereum blockchain Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6. Number of DApps per blockchain, courtesy of Binance Research According to the report, DeFi can be thought of as the following: […]
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Fintech startup SoFi — known for its online lending services — has seen three top executives depart from the company. Fintech startup SoFi — known for its online lending services — has seen three of its top executives depart from the company, the Wall Street Journal reports on June 4. As Cointelegraph reported at the […]
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Speculation remains over whether Jihan Wu will serve as chairman or CEO of Matrix, the upcoming crypto services startup. Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5. One unnamed source told the website that the crypto services startup, called Matrix, “will be […]
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Major crypto exchange Binance has partnered with decentralized crypto lending platform Cred to bring its services to the Binance ecosystem. Major crypto exchange Binance has partnered with decentralized crypto lending platform Cred to bring its services to the Binance ecosystem, according to a press release published on May 29. As part of the agreement, Cred […]
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Cryptocurrency asset management company BlockFi announced that it has opened interest-bearing accounts for the gemini dollar. Cryptocurrency asset management company BlockFi announced that its interest-bearing accounts now support the gemini dollar (GUSD) in a post published on May 29. Per the announcement, GUSD deposits will see a yearly yield of 6.2%, paid in the stablecoin […]
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An ECB official, Vitas Vasiliauskas, highlighted the benefits of central bank digital currencies but stressed caution in a recent speech. A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27. Vitas Vasiliauskas — Chairman […]
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