Australian Reserve Bank governor Philip Lowe says that somebody always pays for money printing. Australian Reserve Bank governor Philip Lowe has taken a swipe at the concept of money printing, as further fiscal stimulus measures are rolled out in the country amid the ongoing pandemic. In a speech in Sydney on Tuesday, the central bank…
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Increasing stablecoin use and the rise of DeFi has made Ethereum the most used blockchain. For the last month Bitcoin (BTC) price has traded in a tight range and trading volume has been relatively flat. Meanwhile, several tokens on the Ethereum network have been topping the price charts, especially the Decentralized Finance (DeFi) tokens. New…
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China’s Securities Regulatory Commission allows regional equity markets to experiment with blockchain in the equity trading industry. The China Securities Regulatory Commission, or CSRC, recently issued a letter approving five regional equity markets. They will include equity centers in Beijing, Shanghai, Jiangsu, Zhejiang and Shenzhen. These and other regions received authorization to begin experimenting with…
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Examining COMP’s ability to pass the Howey test for being qualified as investment contracts and to be considered a security. Innovation springs eternal in the digital asset ecosystem, and with Compound’s launch of its governance token, COMP, last month, the burgeoning world of decentralized finance continues to pick up steam. The broader cryptocurrency community has…
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Polkadot is now officially in mainnet mode as the last centralizing shackle has been thrown off by the network. The Polkadot blockchain is now fully decentralized and permissionless after a decision passed by community governance removed the admin rights enjoyed by the Web3 Foundation. Gavin Wood, the co-founder of Polkadot developer Parity Technologies, tweeted the…
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China’s central bank adds a new city to its fintech innovation supervision pilot. The People’s Bank of China has officially added Chengdu, the capital of China’s Sichuan province, to the list of regions carrying out fintech innovation supervision pilots, according to local news on July 20. Industry insiders believe that Chengdu’s official approval will further…
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Aave and Synthetix Network both overtook MakerDAO’s Maker by market capitalization as the DeFi sector continues to surge. Decentralized Finance (DeFi) tokens continue to make drastic moves on the price charts, compensating for Bitcoin’s low volatility which has recently hit a three year high. Earlier today, Aave (LEND) and Synthetix Network (SNX) token briefly surpassed…
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Will DeFi take over centralized finance?: A deep dive into the benefits, advantages, dangers and constraints of both systems. Decentralized finance has become one of the hot topics in crypto this year. Although activity and volume in the DeFi space still lag behind its popularity, this is starting to change as novel protocols become available.…
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The European Union’s 5AMLD has been adopted as the first regulation in Romania of virtual currencies, crypto-wallets and fiat-crypto exchange platforms. The European Union and the European Central Bank wanted to create a unitary legal framework that would limit the anonymity of cryptocurrency transactions, especially in the spectrum of money laundering, terrorist financing and tax…
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Account holders at crypto exchange Huobi have the opportunity to vote this month on which of six new tokens they would like to see listed. Major Japanese exchange Huobi is asking its users to vote before August 16 on which new cryptocurrencies they would like to see listed. According to an update on the Huobi…
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