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Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19
19.11.2021
Acala was victorious in Polkadot’s first parachain auction, Iota announced its staking network, and Uniswap liquidity providers lose money — all coming to you in this week’s Finance Redefined
Tidal Finance Introduces Insurance Fund for Covering $1 Million Worth TVL
19.11.2021
With an effort to create a safety net in the finance eco-system, Tidal Finance announces its new partnership. Tidal Finance offers a weekly coverage subscription plan to safeguard the OpenSwap that covers the smart contract risk. To ensure the safety of its protocol, OpenSwap is investing over...
US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments
19.11.2021
The U.S. city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. “This marks the first government-hosted cryptocurrency kiosk,” the city said. Williston also accepts cryptocurrencies for payments of utility bills. ‘The First...
Report: Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are ‘Clamoring’
18.11.2021
On November 17, a report disclosed that the leading non-fungible token (NFT) marketplace, Opensea, is “fielding new investment offers” according to two unknown sources familiar with the matter. The investment could propel Opensea’s valuation by six times to a $10 billion market...
Li Rongbin, Founding Partner of SevenX Ventures, Explains Where the Metaverse and NFT Market Are Heading
18.11.2021
SevenX Ventures is a community and research-driven blockchain investment firm built alongside entrepreneurs. They invest in blockchain startups and projects shaping the future of open finance and decentralized networks. Their portfolio covers more than 100 projects, including DeFi (DODO, Zerion)...
Games Coins, Defi Tokens, Metaverse Assets Rise Above Market Downturn With Double-Digit Gains
18.11.2021
While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala...
Let's Meet The Board Members Supporting Besieged Activision Blizzard CEO Bobby Kotick
18.11.2021
Activision Blizzard has had a nightmarish 2021, with historic allegations of harassment causing enormous upheaval at the company, several high-profile lawsuits and the departure (or firings) of many key executives and developers. You would think that this mess would fall at the feet of...
Digital Ruble Should Not Boost Inflation, Bank of Russia Says
17.11.2021
Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project....
Indian Prime Minister Modi Chairs Crypto Meeting After Consulting With RBI, Finance Ministry
16.11.2021
Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi...
Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now
16.11.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at...
Crypto poses imminent threat to financial stability: Bank of England Deputy Governor
16.11.2021
Bank of England's Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak
‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble
16.11.2021
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private...
Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols
16.11.2021
Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund...
Indian Parliament Committee Discusses Crypto Regulation With Industry Experts
15.11.2021
India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated”...
DeFi’s quest to reimagine finance must come from a community-based design
13.11.2021
A more inclusive DeFi lending protocol can empower the unbanked and underbanked in ways traditional finance cannot
3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum’s 12 Month Gains
13.11.2021
While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands...
Finance Redefined: ENS airdrops token, and SEC’s Crenshaw speaks on DeFi, Nov. 5–12
12.11.2021
Ethereum Name Service issued its native token, an SEC commissioner published a DeFi opinion piece, and Polkadot’s parachains registered billions of dollars — all coming to you in this week’s Finance Redefined
Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
12.11.2021
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply...
Announcing the Launch of the Lao Crypto and DeFi Product – Welnance Finance
11.11.2021
PRESS RELEASE. Welnance, a DeFi protocol built on Binance Smart Chain, is set to launch the first Lao crypto and decentralized product on the 11th of November, 2021. Welnance is a decentralized financial platform that’s aimed at promoting financial freedom and choices for people around...
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...