FinTech

A messy week in crypto with regulators cracking down on Binance; a crypto data platform doxxing its users and a law suit, a rug pull and fraud in crypto is down… Regulators are cracking down on Binance after years of profits without consequences and its execs, and employees, are leaving… Binance under increasing pressure from …

This week in crypto: Crypto and stablecoins regulations pass into law in the UK Crypto custody is having a bad month. Custodian Prime Trust didn’t custody its customers’ crypto assets and is the first custodian to collapse Germany’s regulator has rejected Binance’s crypto custody licence request FTX bankruptcy team are burning through money, quickly Are …

As a business owner, you’ll know the importance of cash flow. And one of the most effective ways to build a steady and predictable income stream is by encouraging recurring transactions. But what exactly is a recurring transaction? In this guide, we’ll explain just that, as well as outlining how you can set up recurring …

Question If an experienced early-stage fintech operator was looking for a change of pace and wanted to jump into a product strategy or business development role at a more mature, established company that was looking to import some fintech brain power, where should they look? Answer 1 There are a few different options that an …

Question Are there any viable options for cryptocurrency mining available in the present day? Ethereum has discontinued mining afte switched to proof-of-stake model, and Bitcoin requires a substantial amount of data processing power. Are there any other cryptocurrencies that can be mined? Answer 1 It is not economically feasible for individuals to mine profitably. This …

Updated on 2022-11-15 In one of the most tumultuous weeks in crypto, the formerly second largest crypto exchange FTX collapsed, with a potential rescue deal from competitor Binance ending in 48 hours. The exchange is now facing criminal misconduct charges in the Bahamas, questions are being thrown around about what this means for crypto regulation, …

a16z’s newest bet on Twitch co-founder’s Web3 startup Twitch co-founder Justin Kan’s newest venture, Rye, is an ecommerce marketplace that wants to be the “Spotify for ecommerce.” Read more: A16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin Kan Singapore gets sweeter on crypto Coinbase Singapore and Blockchain.com have earned …

Danish regulator starts EU DLT pilot process for green bonds A group of organisations in Denmark is starting to use a distributed ledger technology (DLT) based trading and settlement platform to issue tokenised green bonds. The platform will be issued within the Danish Financial Supervisory Authority sandbox, FT Lab, with the authority being one of …

The first NFT was named “Quantum,” a short video clip of digital artist Kevin McCoy’s wife. McCoy minted the said clip on the Namecoin blockchain in 2014. Later, the first NFT was sold to Dash for $4. After several years, NFT became an industry of its own. In 2022, the estimated value of the NFT …

Coinbase Invest $1.5 Billion in Bitcoins for Tesla on the First Week of February, according to sources from The Block. “We hope these kinds of deals will be a watershed moment for the crypto economy, and look forward to helping more companies diversify their cryptocurrency capital allocation strategies,” said Brett Tejpole, head of institutional sales …

EU may impose commission on cryptocurrency transactions. A petition was filed by lawyer Jonathan Levy, submitted to the European Parliament, proposes to charge a small amount of commission on cryptocurrency transactions, which will fill the support fund for victims of cryptocurrency fraud. Blockstack relaunches and rebrands into Stacks 2.0 mainnet to bring smart contracts and …

Global BTC Regulation? European Central Bank (ECB) President Christine Lagarde called for global regulation of bitcoin on Wednesday, January 13, Reuters reported. Gemini Considers IPO. Tyler and Cameron Winklevoss, who founded the exchange in 2013, is now considering the possibility of the Gemini cryptocurrency exchange to enter the stock market as one of the options …

Curve Finance announces to launch liquidity pool for switching between the Stasis Euro (EURS) stablecoin and a synthetic euro, sEUR, on the Synthetix derivatives platform, as a secondary currency option to promote alternative fiat euro stablecoins in DeFi, allows European and Asian users to avoid U.S. dollar exposure. Perpetual Protocol launches, crossed $500,000 open interest …

The hacker managed to install a compromised version of MetaMask that tricked Hugh Karp into signing a transaction that redirected 370,000 NXM (Nexus Mutual) tokens to an attacker-controlled address, worth $8.2 million as of press time, around 6% of all tokens. November 2020 report penned by BraveNewCoin analyst Xavier Meegan, has identifies 18 serious ‘non-financial’ …

DeFi protocol Aave recently releases V2, the second version of the lending platform with unwinding positions is much easier, collateral can be swapped on the fly, and adding further potential to the sector. Read more at: The Aave Protocol V2 AAVE Protocol Whitepaper V2.0 IOHK reveal several ideas tied to Project Catalyst. The first Project …