The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Colombia’s Financial Superintendent Approves Nine Crypto Platforms to…
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s…
Get Ready for a DeFi Boost: BTC’s Tesla…
Tesla’s $1.5 billion Bitcoin purchase that took place at the beginning of this week has had a major impact on the crypto industry: not only did the price of BTC shoot up by 25…
Major Malaysian Bank Kenanga Acquires 19% Stake in…
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in…
US Lawmaker Likes Bitcoin — Urges Policymakers to…
U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is…
Money Reimagined: Narratives Wall Street Can’t Control
Welcome to Money Reimagined. This was the week the internet finally defeated Wall Street – at least for a few days. The wild rally in GameStop’s stock, fueled by an army of Reddit retail day…
Crypto Long & Short: No, Bitcoin Is Not…
To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged … Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a…
Lawsuit Filed to Stop a Global Cryptocurrency Scam…
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The…
Blockchain Projects Detoken and Anyhedge Launch Bringing Defi…
On December 30, the decentralized finance (defi) platform Detoken and the firm General Protocols announced the launch of Anyhedge, the first public defi product built on the Bitcoin Cash network. Detoken users will be able…
The Global Challenge of Regulating Virtual Assets
The convergence of traditional finance and cryptocurrencies was more profound than ever this year. From the maturation of crypto-first digital commerce to MicroStrategy’s big bitcoin buy, it was a year of rampant technological adoption. With…
The Beginning of the End of Cash? 2020…
2020 was a big year of change for the fintech industry. Before the pandemic struck the globe, fintech companies around the world entered the new year with expectations that were shattered within months. Many…
Wallex: The Rainbow in The European Grey Zone
The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions…
South Africa Unveils New Crypto Rules as Usage…
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South…
Argentinian Central Bank to Lift Freeze on Bank…
The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively…
Lightning Labs Releases Channel Liquidity Marketplace
Today, Lightning Network development firm Lightning Labs has released a peer-to-peer, non-custodial marketplace called Lightning Pool, where Lightning node operators can buy and sell access to channel liquidity. The marketplace is a way for node…
Desperation Among Filecoin Miners Creating a Big Market…
Filecoin miners are paying large investors an annual percentage rate as high as 40% to borrow FIL, the closely-held native token required to participate in the decentralized storage network. This dynamic has created a lending…
InfinityDefi: A Flexible, Low-Risk Crypto Collateral Lending DeFi…
The cryptocurrency industry has come a long way since its inception, as the underlying technology undergoes constant evolution. The latest advancement in such development is the concept of Decentralized Finance, popularly known as DeFi. As…
Coinend: 1,2,3 Take off – New Gamified Crypto…
Coinend has announced the launch of its cryptocurrency gamified platform. GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly,…
Blockchain Bites: Your Guide to Invest Ethereum Economy
At stake Invest: ethereum economy, a full day of conversation, workshopping and networking around the future of money, goes live today at 9 a.m. ET. Starting off with a keynote speech from Ethereum co-creator Vitalik Buterin,…
Top 5 Crypto Derivatives Exchange in 2020
Crypto derivatives are now among the most common financial products on any cryptocurrency exchange or trading platform, thanks to increased interest among the trading community. Trading crypto derivatives has its own advantages as it allows…
Blockchain Bites: CZ’s Exclusive Interview, California’s Souped-Up Regulator,…
California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say “alt-season” is over. Top shelf Brokerage raiseEuropean crypto brokerage Bitpanda has raised a $52 million Series A led by Peter Thiel’s Valar…
Crypto Long & Short: The OCC’s Stablecoin Statement…
An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead. The U.S. Office of the Comptroller of the Currency (OCC) issued a statement earlier this…
What Is DeFi?
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency…
The Revolution You’ve Been Awaiting: Fintech + DeFi
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. Everything seems to be getting connected: finance, culture, art, technology, media,…
DeFi Project Xfinance(XFI) ILO Presale Scheduled for Sept…
DeFi project – Xfinance announced they will cooperate with LID Protocol and launch XFI ILO presale on the LID presale Dapp, launch date scheduled for September 10th. LID Protocol solves the issue of Uniswap exit…
Opium Protocol Allows Traders to Hedge or Bet…
Cryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is…
DeFi in 2020: Is Decentralized Finance Really Ready…
2020 has been a dramatic and powerful year for the cryptocurrency space as a whole: Bitcoin’s crashes and surges, waves of new users, and changes in monetary policy seem to be paving the way forward…
Bitcoin Has Lost Its Way: Here’s How to…
Rachel-Rose O’Leary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art…
OCC Chief Says Americans Gravitating Toward Digital Currencies:…
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in…
Chainlink Brings FX Rates Data From Top Korean…
Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space. “A breakthrough for Korean fintech industry” CenterPrime, a Hyperledger based project,…
Binance Smart Chain Adds Chainlink Oracles for Better…
Binance Smart Chain — a dual-chain architecture from major crypto exchange Binance — is now integrating Chainlink (LINK) data oracles. Binance Smart Chain adds smart contracts to the exchange's original chain, Binance Chain, and is…
Is DeFi a Bubble? Experts Weigh In On…
Ever since the ICO craze of 2017, the cryptosphere hasn’t been able to shake its association with the word “bubble”. At different points in time, nearly every aspect of the industry has been called the…
DeFi in Focus: 4 Leading Experts Discuss DeFi’s…
With the recent volatility in the values of certain DeFi governance tokens, DeFi has once again risen to the top of the cryptosphere’s global conversation: as excitement around some of these platforms grows, some analysts…
Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. We have a beautiful Ethereum garden. In it, we grow cash…
DeFi Protocols Should Act More Like Fiduciaries
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial…
First Mover: The Logic Behind Three Arrows’ $200M…
The cryptocurrency investment fund Three Arrows disclosed earlier this month that it had become the biggest investor in the Grayscale Bitcoin Trust, after buying about $200 million of shares in the publicly traded bitcoin fund for a stake of…
DeFi Protocols Should Be Fiduciaries, Not Structured Product…
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial…
First Mover: The Logic Behind Three Arrows’ $200…
The cryptocurrency investment fund Three Arrows disclosed earlier this month that it had become the biggest investor in the Grayscale Bitcoin Trust, after buying about $200 million of shares in the publicly traded bitcoin fund for a stake of…
Ethereum Has Become Bitcoin’s Top Off-Chain Destination
The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates. Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols,…
Crypto Long & Short: Mining Derivatives Point to…
Well, it happened. Block 630,000 was processed on the Bitcoin blockchain (while we were on the air with our Crypto Long & Short show on Monday, how cool is that!), and the bitcoin subsidy paid…
What Is Happening to Money?
Money — the magical power it has over people is almost universal. But whether we earn it, spend it or save it, we hardly ever think about the following questions: What is money? Why does…