In this week’s DeFi newsletter, we will look at the Andre Cronje debacle, the Polygon upgrade, the rise of ThorChain and the growing value of the DeFi ecosystem with synthetic assets. The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre…
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The Monero blockchain fork has surged by nearly 100% in the past five days against a rising appetite for privacy-focused cryptocurrencies. Haven Protocol (XHV) showed signs of returning to its bullish form as its price doubled in just five days of trading. What’s pumping Haven Protocol? XHV’s price surged by up to 107% week-to-date to…
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The statement comes amid ongoing speculation regarding the recent departure of two of its most prominent developers. Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-1 blockchain, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from…
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Private banks could be required to conduct risk assessments on case-by-case basis. On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions. The move hints at the Israeli government’s preparations to legalize and regulate the relationship between banks and…
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Valkyrie Investments CEO Leah Wald opens up on the importance of Bitcoin ETFs and why the traditional financial world should pay attention to digital assets moving forward. Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and…
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Greta Menzies, the co-founder of Chain Collective, says that blockchain can change the “economics of data between consumers and businesses.” Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the…
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Payments giant Stripe has launched support for cryptoassets and non-fungible tokens (NFTs), while crypto exchange FTX and its US arm also signed with Stripe for payments and know-your-customer (KYC) services. Stripe co-founder John Collison announced that: “Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and…
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Celo aims to promote green use cases and rebalance its treasury with green asset-backed tokens with the help of Uniswap. A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on…
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Bitcoin shows its penchant for peace once again as hope of a quicker end to hostilities sends BTC price action over $40,000. Bitcoin (BTC) saw instant volatility on March 11 amid hope that the Russia-Ukraine conflict could find a diplomatic solution. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hope rises — but so do Bitfinex…
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The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators. Amid global businesses boycotting the Russian residents over military conflict in Ukraine, some companies in the cryptocurrency industry stand up for the rights of non-sanctioned Russian citizens. Bitfinex, an…
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