The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA, a regulatory arm of…
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Uniswap’s governance token UNI has been trending to the downside following the general sentiment in the market. The token records a 2% loss during the last day as two major events take UNI holders’ attention and could suggest more downside price action for the short term. Related Reading | Uniswap Registers Yearly Low: Vital Trading Levels…
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With Ava Labs, the lead developer of the Avalanche blockchain, said to pursue new funding round, possibly becoming one of the most highly valued crypto-focused startups, the price of its native coin AVAX is accelerating upwards. With the aim to support its further expansion, the company is seeking some USD 350m in funding at…
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The digital asset platform Fireblocks is partnering with the US-based publicly listed fintech firm FIS to bring a range of new enterprise-grade solutions from the world of decentralized finance (DeFi) and crypto trading and staking to its client base, the two companies announced today…. Read More: Major Fintech Firm FIS Partners with Fireblocks to…
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Sky Mavis, the firm behind the popular blockchain-based online game Axie Infinity (AXS), has launched a bug bounty program to incentivize white-hat hackers to find bugs associated with its services. In an announcement, the team detailed that the program covers issues related to the two categories:… Read More: Axie Infinity Developer Sky Mavis Offers…
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Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet.
Terra Bridge Adds 5 New Chains
On April 12, 2022, Terraform Labs co-founder Do Kwon told his…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders This Week While the…
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Hong Kong-based virtual insurer OneDegree has entered into a three-year strategic partnership with German reinsurer Munich Re to launch OneInfinity, a new digital asset insurance product. OneDegree says its product is an insurance and technology offering designed specifically for digital asset trading platforms, custodians, asset managers, as well as technology providers…. Read More: Virtual…
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