UnionBank head forecasts that the coronavirus will drive banks to shift towards digital currencies, leaving physical cash behind. Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As Euromoney reported on April 3, Bautista noted […]
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Coinbase continues to ramp up its support for DeFi, announcing a fresh $1.1 million investment via its USDC Bootstrap Fund for two projects in the field. Coinbase continues to ramp up its support for decentralized finance (DeFi) applications, announcing a fresh $1.1 million investment via its USDC Bootstrap Fund for two projects in the field. […]
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Cointelegraph spoke to cLabs’ Xochitl Cazador to find out about Celo’s community grants and the network’s plans for 2020. Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. Cointelegraph spoke to Xochitl Cazador, the head of […]
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This is the first part of a deep dive into the years-long debate between proponents of Proof of Work and Proof of Stake. Which one is better and why? This is the first of two articles providing a deeper dive into the eternal debate between the Proof of Stake (PoS) and Proof of Work (PoW) […]
Continue ReadingOn April 4, the Malta-based cryptocurrency exchange Binance will open Binance KR for trading in South Korea. Crypto exchange Binance is preparing to enter the Korean market for the first time. According to a company blog post on March 31, the Malta-based exchange will soon open Binance KR for trading. The crypto-to-crypto exchange is so […]
Continue ReadingTron’s founder Justin Sun unveiled a new collateralized lending platform meant to bring DeFi to TRX, though it appears to be an exact clone of MakerDAO. On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately […]
Continue ReadingThe payment portal for crypto exchange Coinbase passed $200 million in transactions from the platform’s 8,000 integrated retailers. Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history. According to sources available to Cointelegraph, the wing of the largest crypto exchange in […]
Continue ReadingCointelegraph talks U.S. CBDC with the founders of the Digital Dollar Project, former CFTC Chair Giancarlo and LabCFTC leader Gorfine. The digital dollar has been the talk of the crypto world this week. Drafts of the COVID-19 stimulus bill first included and then discarded the creation of digital dollar wallets; a digital distribution method that […]
Continue ReadingBinance has chosen to delist its FTX leveraged token products. Major crypto exchange, Binance, has decided to remove leveraged FTX tokens from its exchange, explaining that customers don’t understand the product. “Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged […]
Continue ReadingBlockstream’s Liquid Federation welcomed 10 new members — comprising notable crypto exchanges and custody providers. Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27. The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions. New members come from […]
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