DeFi Needs to Be More Accessible for Greater Adoption

Decentralized technologies are about to revolutionize the global financial system and its institutions. Decentralized Finance (DeFi) offers interesting potential to reduce costs and increase the speed of payments by eliminating friction in terms of technology, contracting and coordination between several parties. DeFi delivers on the promise of faster, better, and cheaper payments, but a number […]

New $75M DeFi Fund Signals Big Investment in Blockchain

Decentral Park Capital, an early-stage investment firm, now with $140 million in assets under management, has launched a brand new $75 million fund to invest in DeFi initiatives. This fund aims to deploy funds to invest in decentralized exchanges, lending protocols, derivatives, structured products, oracles, staking, and middleware infrastructure. The money pouring into decentralized finance […]

More than 80% of the NFTs Minted for Free Were Unoriginal or Fake 

OpenSea, one of the largest NFT marketplace has reported in a Twitter post that more than 80% of the NFTs created for free on its platform were plagiarized from other artists, fake, or spam. The company reported that users are misusing the free minting tools on the platform to commit fraud and create spam.  OpenSea […]

Decentralized Finance Space Heats up With Launch of World’s First DeFi ETF

The decentralized finance (DeFi) space is continuing to heat up, with the world’s first ever exchange traded fund (ETF) launching this month. Hashdex, a Brazilian asset manager, is launching an ETF fund in collaboration with CF Benchmarks to track 12 DeFi tokens. The Hashdex DeFi Index ETF will be listed on the Brazilian stock exchange […]

Top Canadian Trading App Finally Embraces Crypto Fully

In 2020, Wealthsimple dipped its toes into crypto by offering Bitcoin and Ethereum trading. Now, the online investment platform is fully embracing crypto by including capabilities like hosted wallets and several other coin options to trade. Of course, Wealthsimple isn’t the first financial services company to embrace crypto, signaling that digital currencies are becoming more […]

Appetite for Crypto Sector Still Going Strong as Valuations Rise

Cryptocurrency exchange FTX saw its valuation soar to $32 billion in a new funding round announced on January 31, underscoring continued appetite for the sector. The Bahamas-based company raised $400 million in a Series C funding round – its third round in the past nine months for a total of $2 billion in venture capital […]

Brazilian Senate Committee Approves Bill Regulating Crypto Transactions

  Image The Brazilian Senate economic affairs committee approved a bill legalizing crypto transactions on February 22, 2022.  Bill PL 3825/19 was introduced by Senator Flavio Arns who authored it in 2019. The bill was then crafted jointly in collaboration with Brazil’s Central Bank, the securities exchange commission, and the federal tax authority, as a […]

Ukraine Government Cancels “Airdrop” Looks at NFTs Instead

Image Ukraine has canceled a crypto airdrop as announced by Ukraine’s Deputy Prime Minister Mykhailo Fedorov. He released the announcement on his verified Twitter account saying, “After careful consideration, we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression.”  Ukraine confirmed the airdrop […]

Russian Crypto Trading Continues Even as Sanctions Tighten 

  Image Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022.  The majority of ruble-denominated crypto trading […]

Bitcoin Mining Difficulty Drops for Second Time in March

Bitcoin mining has declined for the second time this month thanks to the growing costs of energy. According to data from Glassnode, the bitcoin mining hash rate has dropped from an all-time high of 216 exahash/second in February to 216 EH/s on March 17 following a consistent rise since November.   In a telegram message to […]