On Wednesday, U.K. Finance Minister Nadhim Zahawi will declare his support for the long-awaited Financial Services and Markets Bill, allowing stablecoins to be used for payment purposes. After Brexit, the bill will assist the nation in developing a more competitive financial services industry. Members of UK Finance believe that stablecoins and crypto assets have enormous … Read more
HopeCard Introduction: Hope.money is making waves with its groundbreaking ‘HopeCard,’ a crypto-powered debit card designed for everyday transactions. Bridging Finance Worlds: The HopeCard aims to bridge the gap between traditional finance and digital currencies, allowing users to spend their crypto assets seamlessly. Waitlist and Release: Users can join the waitlist starting August 31, building excitement … Read more
Armstrong presents a proposition for an on-chain capital formation system that aims to enhance transparency and promote inclusivity in the fundraising process, hence enabling the global empowerment of entrepreneurs. Flatcoin is an innovative decentralized stablecoin that effectively mitigates inflationary pressures and ensures economic stability by closely monitoring the Consumer Price Index (CPI). The concept of … Read more
Binance Japan is in the process of expanding its domestic services, as outlined during an online business meeting that elucidated the company’s strategic plans. Mr. Tsuyoshi Chino, the executive in charge of Binance Japan, engaged in a discourse regarding the significance of stablecoins and articulated intentions to augment the array of tokens featured on their … Read more
South Korean exchange Upbit suspended trading of Curve Finance (CRV) token after a major exploit on the platform. The exploit was caused by a reentrancy bug that affected certain stablecoin pools, putting over $100 million worth of assets at risk. Upbit temporarily halted CRV deposits and withdrawals to protect users from potential losses. Other exchanges … Read more
According to preliminary assessments, the anticipated losses are now in excess of $42 million, with assets worth $100 million at stake. On Sunday, July 30, Curve Finance, the Ethereum-based second-biggest DEX after Uniswap, was the victim of a massive exploit. The exploit often occurred as a result of a weakness in its programming language Vyper. A total … Read more
Former senior employees at the Gemini crypto exchange made the announcement that OpenEden, a DeFi platform, had established the first smart contract vault to allow access to Tokenized United States Treasury Notes (T-Bills). OpenEden is a competitor to Gemini. The release states that OpenEden will make it possible for holders of stablecoins to mint Treasury … Read more
Version 3 of the PancakeSwap DEX has been released on Ethereum and BNB Chain, providing enhanced functionality and reduced transaction fees. (1) Reports indicate that Version 3 includes four distinct trading charge categories that boast the industry’s lowest on-chain trading costs compared to those of the decentralized exchange’s competitors. In this particular scenario, notable alternatives … Read more
When crypto companies in the UK apply to various banks for access to various services, their applications are frequently denied, and they are needed to provide further paperwork. These companies face a number of obstacles and difficulties. (1) It all started in February, when HSBC Holdings plc and National Westminster Bank, also known as simply … Read more
The cryptocurrency market was jolted earlier this month by a massive hack using decentralized finance (DeFi), which resulted in the hacker’s theft of approximately $200 million by compromising the Euler Finance protocol. But, according to the most recent information (1) available, the hacker has now been releasing portions of the monies. https://twitter.com/dcfgod/status/1640419007823003673 According to data … Read more