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DeFi token AAVE eyes 40% rally in May but 'bull trap' risks remain
20.4.2022
A classic technical indicator risks sending AAVE's price toward $105 in the next few months
Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI Transaction Costs
20.4.2022
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part...
Russian tax authority proposes using crypto as a foreign trade payment tool
20.4.2022
The Ministry of Finance “partially supported” the proposition, adding that it needs further consideration
Russia to include crypto into its tax code: Here is what the rules might look like
20.4.2022
Amendments to the tax code have passed the first round of parliamentary consideration in February
Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms
19.4.2022
Australia is set to get its first bitcoin exchange-traded fund (ETF) after a report suggested the country’s clearinghouse, ASX Clear, confirmed that four market participants agreed to meet its stringent margin requirements. ASX Clear’s Margin Requirements An Australian clearinghouse...
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...
'Crypto is Dead. Long live Crypto': Veteran DeFi Developer Andre Cronje Urges More Regulation
18.4.2022
“Crypto is dead. Long live Crypto,” the veteran decentralized finance (DeFi) developer and creator of early DeFi protocol Yearn.Finance (YFI), Andre Cronje, opened a new blog post by saying. He went on to argue that more regulation is needed in the space in which he might have earned significant...
No Truth in Reports that Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’
18.4.2022
Reports stating that the Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark.
A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as...
Finance Redefined: MetaMask institutional offering, Polygon to go carbon neutral, and more
18.4.2022
In this week's DeFi newsletter we look at the growing market of Metamask, Polygon's pledge to go carbon neutral and more
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
18.4.2022
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict...
Fidelity Investments Launches Crypto, Metaverse ETFs — Says ‘We Continue to See Demand’
18.4.2022
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. “We continue to see demand, particularly from young investors, for access to...
Decentralized finance: The best ways to participate and operate
17.4.2022
Breaking down the concept of DeFi and its ecosystem, as well as strategies and the risks for private and professional investors who plan to allocate capital to decentralized space
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs
16.4.2022
About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens collectively are valued at $1.14 billion. The largest rebase crypto by market capitalization, olympus (OHM), had a $4.3 billion market...
Report: Future Xbox Games Might Have Ads, Tech's Being Developed
16.4.2022
Raise your hand if you’re excited to see more ads inside your favorite video games? I don’t see any hands. Well, bad news: A new report claims that Microsoft is building an advertising program to give “select brands” the ability to buy ads that will then appear in free-to-play Xbox games. And while...
Uniswap Launches Swap Widget — Devs Can Embed the Dex With ‘One Line of Code’
15.4.2022
On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uniswap, launched a tool called the Swap Widget. Essentially, the widget allows developers and decentralized app (dapp) operators to embed the Uniswap decentralized exchange (dex) app with “one...
Robinhood CEO outlines how DOGE could become 'currency of the internet"
15.4.2022
Robinhood CEO Vladimir Tenev took to Twitter to explain how DOGE could become the future currency of the internet just hours after Dogecoin’s creator criticized Elon Musk for his Twitter antics
Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper
15.4.2022
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...
Algorand founder Silvio Micali wants to usher in the democratization of finance
14.4.2022
Cointelegraph conducted an exclusive interview with Silvio Micali at the Paris Blockchain Week Summit
Notional Finance Will Now Support Its Fixed Rate Collateralization Calculation With Chainlink Price Feeds
14.4.2022
DeFi is short for Decentralized Finance. It takes inspiration from the blockchain technology and its emerging nature of connecting two individuals directly without involving any third party. Technically speaking, DeFi is a peer-to-peer financial service. Functions of DeFi involve enabling users...
Guy Buys NFT For $2.9 Million, Asks for $48 Million, Is Offered $3600
14.4.2022
Sina Estavi is a “crypto entrepreneur”, who last year bought a digital token representing Twitter founder Jack Dorsey’s first ever tweet. He paid $2.9 million for it, and this month sought to make good on his “investment”, putting it up for auction with an expectation it could net him $48 million....