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Month: October 2021

Battle for Preeminence in Investment — DeFi Is Upsetting the Status Quo

The world of investment is changing, and the balance is tipping in favor of smaller investors. Look around, and you will see that the entire cosmos of the finance capital remains an elite sport. This is because the current model is based on big investors getting big wins.

On the other hand, the era of disruptive technologies is coming fast. The main drivers are blockchain (DLT), artificial intelligence, machine learning, robotics, genome sequencing (CRISPR), and energy…

G20 countries have an ‘opportunity and responsibility’ toward crypto, DeFi policies

Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.”
While the report made some key observations, let’s rewind to the first G20 discussion carried out in 2018 on the asset class.
FATF guidelines
The G20 countries signed a joint…

Blockchain platform eliminates barriers to international real estate investments with new cryptocurrency token

The future of real estate investing could be possible with the help blockchain and crypto technology.Although there are few constants in the world we live in, one thing is sure real estate is one of the most well-known and lucrative forms of investment. An investment in real property can generate passive income and any money earned from real estate can also be passed on to the next generation.
There are numerous benefits to real estate investing. However, there are often high entry…

Play-2-Earn Gaming is Taking Over DeFi

Non-fungible tokens (NFTs) are a flexible digital asset format that can hold just about any kind of data. NFTs can be used to contain characters, weapons, and commodities, and can be traded on decentralized exchanges. The assets that players in these games own can be sold on the open market, and in-game currencies can also be used in the real world. This is definitely an attractive way to encourage people to play blockchain-based games. Blockchain gaming may overtake DeFi and will gamify…

French central bank pilots blockchain-based CBDC for debt market

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, the Financial Times reported on Tuesday.The CBDC trial was led by Belgium-based financial services firm Euroclear and used a system developed by American technology…

Bitcoin Today – MineoCrypto

Today at 5:35 pm UTC, Bitcoin is trading at $ 60.775. BTC is consolidating right below the 50MA. The next target should it continue its uptrend is $ 63.700, but the bears take charge, a correction to the $ 58.000 support is possible. As usual on weekends, the trading volume is low.

Inside the blockchain developer’s mind: What is a testnet?

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance.Blockchain testnets are an interesting…

Dog-Themed DeFi Project Mysteriously Loses Fundraised $60 Million

A DeFi project that launched on Thursday had raised $60 million overnight during its token sale. However, the funds seem to have disappeared, and no one is sure exactly how.
On Friday, investors woke up to the shocking news that their funds had disappeared. Around 13,556.36 ETH, which was worth $60 million at the time, was drained from AnubisDAO’s liquidity pool.
Related Reading | DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch
The project, AnubisDAO, was…

5 charts to uncover your next long-term DeFi investment

It’s not uncommon for a project to generate hype, only to collapse weeks later. That’s why it’s especially important for retail DeFi investors to 1) have a framework to analyze projects, and 2) apply this framework before jumping in.The decentralized nature of DeFi lets anybody participate. It’s surprising how little technical expertise or cash is needed to bootstrap a project or token. The results can be catastrophic for investors who decide to invest without doing due…

Asset servicing industry news | Euroclear supports use of CBDC for settlements

A consortium of institutions, led by Euroclear, have successfully experimented with central bank digital currency (CBDC) for settling French treasury bonds on a test blockchain. The experiment, which was commissioned by the Banque de France, included Agence France Trésor, BNP Paribas CIB, Crédit Agricole CIB, HSBC, Societe Generale. IBM provided Euroclear with design and platform features, including privacy-preserving tokens and hybrid cloud capabilities….

Expovision, a Blockchain-Based Real Estate Investment Project, Begins by Placing the Top 30 at Gitex in Dubai

Expovision, a blockchain-based real estate platform, recently attended GITEX 2021, Dubai’s largest IT conference, and placed in the top 30Victoria, Seychelles–(Newsfile Corp. – October 31, 2021) – Expovision has created and promoted several IT projects and startups in the fields of 3D and VR visualization, artificial intelligence, machine vision, and website design. Expovision’s core philosophy has always been to stay on top of all cutting-edge innovations taking place around the…

China’s Pressure Ahead of CBDC Rollout

China is pushing for its digital yuan to be more widely distributed and for consumers to have more exposure.
The Winter Olympics are drawing near, slated for early 2022 — and that’s when Beijing is due to roll out its central bank digital currency (CBDC) nationally.
Read more: China Seeks Gold Medal for Digital Yuan Rollout Ahead of Winter Olympics
But of course, acceptance is key — not just on the part of the consumers themselves, but the businesses that serve them, too.
The Financial…

Secure Digital Markets (SDM) Facilitates $4 Million Deal to Sell Wu-Tang Clan’s Historical and Unique Album as NFT.

The leading virtual currency brokerage facilitated the transaction leading to the transfer of ownership rights of the “Once Upon a Time in Shaolin” album to PleasrDAO.Toronto, ON, Oct. 28, 2021 (GLOBE NEWSWIRE) — Secure Digital Markets, Canada’s leading virtual currency brokerage providing best-in-class service on spot execution, liquidity, and settlement, was a key party in the headline-making $4 million acquisition of the only existing copy of Wu-Tang Clan’s “Once Upon a Time in…

Bru.Finance, The Only DeFi Protocol With a Strong TradFi Blockchain Platform

Ashish Anand, Co-founder and CEO, Bru.finance
When the concept of cryptocurrency started expanding, it shook the traditional financial services with the introduction of Blockchain technology. Blockchain is a set of information blocks chained sequentially to one another. These blocks are immutable and tamper-proof providing transparency into any transaction.
Let me introduce you to Whrrl, a blockchain TradFi protocol against tokenized real-world assets with commodity finance being our first…

Webtel.Mobi Details the Exact Requirements for Creating a CBDC or Digital Currency and System, and How to Acquire Its Assistance

To create a 21st Century Global Clearing System requires hundreds of interconnected Subsystems powered by an Artificial Intelligence Complex Adaptive System

NEW YORK, Oct. 28 (Korea Bizwire) — Although 2021 has seen increased activity in the field of international discussion and planning in respect of CBDC development, the discussions and views are both diverse and divergent from each other. There is no central guiding point, and there are significant differences of opinion…

DeFi DAOs Diversify Token Treasuries Seeking Long-Term Survival

Decentralized autonomous organizations (DAOs) in the DeFi sector are increasingly moving to diversify their treasuries to ensure long-term survival.Decentralized money market Rari Capital’s DAO is the latest to look at diversifying its treasury, launching a governance proposal that pushes for a share of its native RGT token holdings to be converted into stablecoins.Published by Rari Capital investor Framework Ventures, the proposal advocates for the DAO to sell off up to 250,000 RGT or 10%…

Taiwan FinTech startup Aegis Custody uses blockchain to power digital asset custody | Taiwan News

In July 2021, Aegis Custody rolled out DigiQuick, transforming account receivables, artworks, green energy loans, and e-commerce loans into non-fungible tokens (NFT) that could be traded easily. The team secured trust licenses in HK and South Dakota, aiming to become the best asset custodian in the global market.

One force is flinging down challenges on Wall Street, which is not a…

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ADALend Ignites The DeFi Space By CoinQuora

ADALend Ignites The DeFi Space

ADALend is one of the most efficient and stable DeFi platforms on the market.
The project is a scalable and decentralized lending protocol.
It leverages the benefits in one of the top blockchains — .
ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO).
ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to…

How ETH Could Hit $10k by Yearend, 3 Tokens Driving Mini DeFi Boom

James Wang, an ex-Ark analyst, is the head of tokens at crypto asset manager at Amun. 
Wang lays out 3 catalysts for ethereum and shares how it could reach $10k by yearend. 
He also shares the 3 tokens powering the mini DeFi resurgence or “DeFi 2.0” in the past few weeks.
When James Wang joined Cathie Wood’s Ark Invest as an analyst in 2015, the startup had about $20 million in assets under…

What is DeFi and why do you need to know about it?

People that keep up with crypto news know that DeFi stands for Decentralized Finance. This means that there are no intermediaries. DeFi works using a blockchain through which you can, for example, borrow financial resources without having to approach a bank. Ethereum is a popular example of a DeFi coin. But why is DeFi so interesting and in which situations can you use it?

Transactions without intermediaries

Borrowing money without a bank is just one example of DeFi’s many uses. This is…

Bank of England mulls CBDC models in technology engagement forum – Ledger Insights

When the Bank of England issued a discussion paper on central bank digital currencies (CBDC) in 2020, it outlined a so-called platform model. This is a centralized solution in which the Bank would operate a payment ledger that records all transactions, with payment service providers (PSPs) taking on the customer-facing distribution role for the digital pound.

Yesterday the minutes of September’s first Technology Forum meeting were shared, including two potential alternative…

Sneaky Vampire Syndicate NFT Launched By 23-Year-Old Developer

The non-fungible token (NFT) market is having its breakout year in 2021. Now the one of the latest collections to take the market by storm, Sneaky Vampire Syndicate, has successfully had a launch that generated more than $40M in aftermarket volume.
Migwashere, the artist behind the Bored Ape Yacht Club teamed up with the secretive 23 year old Cypriot programmer who goes by the screen name “woof” to launch “SVS” in September.
Sneaky Vampire Syndicate is a series of 8,888 vampire…

Fed’s Quarles says there is no case for a US CBDC 

Federal Reserve board member Randal Quarles said he has yet to see a convincing case for issuing central bank digital currency (CBDC) in the US.

“Until somebody answers me the question why, I don’t understand why we would devote the enormous amount of resources and the technological risk and the significant disruption to the current operation of the financial system that would come from the central bank saying we are going to provide this digital currency,” he said on October…