SBI now has two licensed crypto trading platforms in Japan. Japan’s largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange. According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making…
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Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout. Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders…
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Borrowers in the U.S. can now get funds with a DeFi-powered Visa card by Swipe. Swipe, a Binance-owned cryptocurrency debit card provider, is expanding its offering with a new crypto Visa card that allows users to borrow funds using blockchain technology. Dubbed the “LendFi Visa Card,” the new product deploys major decentralized finance protocols to…
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COVID-19 has forced businesses around the world to adapt to new ways as crypto companies embrace the “decentralized normal.” 2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy. Around the world, countries have been forced to…
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DeFi is the word on everybody’s lips. The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25. Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect.…
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Food-themed meme tokens are the latest craze in the DeFi world. Here’s a look at the structure of the most popular ones. Lately, in the crypto scene, everything related to decentralized finance is being considered a gold mine. While DeFi has brought solid projects to the industry, there’s also a hot new craze, and it’s…
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The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe. Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced…
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Binance may currently be the only one capable of making Uniswap governance proposals, which does not bode well for its decentralized competitor. A recent post from Glassnode has called Uniswap’s decentralization into question, while insinuating that the platform’s developers might have intentionally misled the community about how the team’s allocation of UNI tokens will vest over time.…
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CZ is bullish on DeFi but remains skeptical about Ethereum 2.0’s features. Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform’s United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance’s support for…
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The crypto space continues to build frameworks to supplement DeFi’s rising star. Keeping pace with the rapidly developing decentralized finance, or DeFi, niche within the crypto industry, major crypto exchange Binance has called on blockchain auditing company CertiK to beef up its platform’s security. “The rapid innovation and experimentation of DeFi is what makes it…
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