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Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”


Source: Adobe Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks...

Biggest Crypto Gainers Today on DEXTools – Calcium, FINE, Tyrion.finance


The price of Bitcoin has held steady this week even as stocks have tumbled, a divergence that some analysts say could signal more pain ahead for the cryptocurrency market. The Dow Jones Industrial Average has fallen by 1.72% so far in the weekly candle, and the S&P 500 has dropped by 1.64% due...

Citigroup Unveils Citi Token Services for Cash Management and Trade Finance


Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,”...

What is Monero? A Brief History of the World’s Top Privacy Coin


Monero currently occupies the foremost position among privacy cryptocurrencies in terms of market capitalization. The following Learning and Insights explainer briefly delves into the origins and development of Monero (XMR), emphasizing its distinctive features, such as anonymous transactions...

Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence


After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $1.74 billion in value over nine days....

Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance


Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar. Initially posted...

Bank of America Forecasts Transformative Role of Tokenization in Finance


According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years.  The report highlights the transformative power of tokenization and its wide-ranging implications...

Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance


Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks.  During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testing time for the industry, it is a huge opportunity for established financial...

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation


The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...

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