The UN Conference on Trade and Development (UNCTAD) warned that cryptocurrencies are a volatile financial asset with the potential to have detrimental societal repercussions. This policy brief aims to investigate the variables that have contributed to the rapid acceptance of cryptocurrencies in developing nations. These considerations include the convenience of sending remittances as well as … Read more
Defi lending protocol Maple Finance has initiated a liquidity pool with a total value of thirty million dollars, which is supported by Maven 11, a crypto-native investment firm based in the Netherlands. Maven 11 has announced that the introduction of the lending pool will assist institutional businesses in their search for new income alternatives. Liquidity … Read more
An in-depth exploration of the decentralized money market enterprise, including an explanation of why it is important and how it operates. A dynamic economy is characterized by the fluid movement of capital between capital providers and recipients in both directions. Anyone with a spare asset can lend it to someone else to put their unused … Read more
After suffering through a liquidity crisis, the Waves (WAVES) community came together to back a governance proposal that aims to bring the decentralized finance (DeFi) lending protocol Vires.Finance back to life. The vote’s goals are to bring stability to the project and provide compensation to people who have been negatively impacted. Neutrino (USDN), a stablecoin … Read more
According to Google analytics, interest in cryptocurrencies is 16.6% lower this year than it was on average for 2021. worldwide. This year, the price of bitcoin has fallen by 52.7 percent, and the industry has also seen layoffs and liquidations. The Netherlands has had the greatest decline in interest, dropping by 37 percent. With interest … Read more
Millicent has broken new ground by becoming the first organization in the world to conduct a test of a digital currency with a full reserve. On Thursday, July 14, the distributed ledger fintech company Millicent made the announcement that it had successfully completed the world’s first experiment of a Full-Reserve Digital Currency (FRDC) directed at … Read more
According to a report that was written and distributed by the New York Times, sources claimed that Kraken is being probed for allegedly violating US sanctions imposed on Iran. Kraken is a bitcoin exchange and bank that was established in 2011 and is situated in the United States. It was one of the initial exchanges … Read more
The Crypto Council for Innovation (CCI), a crypto advocacy organization that starts conversations with governments and regulatory bodies on the advantages of crypto, has engaged two new specialists with backgrounds in American finance regulatory policy. Linda Jeng, a former employee of the Federal Reserve Board and the Treasury Department, and Brett Quick, former deputy chief … Read more
The U.S. Securities and Exchange Commission (SEC) might have avoided the loss of assets totaling $12 billion by investors who trusted Celsius. This cryptocurrency lending platform froze their deposit accounts in June, according to Senator Pat Tomey, who is well-known for his vocal support of the cryptocurrency industry. Senator Tomey is famous for his vocal … Read more
On July 26, the price of Solana (SOL) followed the general trend of the cryptocurrency market and dropped to a level that was not seen in nearly two weeks. Despite this, the technical analysis indicates that there is a possibility that Solana’s price would increase by forty percent in August. The SOL Reaches an … Read more