Abu Dhabi proposes framework for fiat-referenced tokens

Gold disappoints on practically every timeframe while heading back toward all-time lows in BTC terms. 1160 Total views 7 Total shares Bitcoin (BTC) proponents continue to poke fun at gold bugs as the precious metal’s 10-year returns flip negative.As of Tuesday, fresh data shows tha XAU/USD traded 3.7% lower than it did on the same…

Dfinity Foundation’s Internet Computer blockchain has welcomed its first decentralized exchange named Sonic. 238 Total views 42 Total shares The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two…

There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin stands at a little over $9,000, very close to the $10,000 rebound that investors hoped for sometime this…

Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rallyMirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across…

News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security.…

A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist. 60 Total views 4 Total shares Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to…

The principles are broad and general, with the exception of the stand against crypto as legal tender, which the IMF has repeatedly expressed to El Salvador. 98 Total views 10 Total shares Own this piece of history Collect this article as an NFTThe executive board of the International Monetary Fund (IMF) has assessed a paper…

During this first wave of decentralized finance projects and services, users have been more than willing to part with their funds. It is very similar to how decentralized exchanges work, as convenience seems to trump privacy and security in DeFi. Just because some platforms offer a high annual percentage yield does not mean anyone should…

Five Japanese banks have collaborated to launch a financial services infrastructure based on distributed ledger technology (DLT), the finance platform confirmed in a press release on March 1.Bank of Iwate, Bank of Yokohama, Aomori Bank, Akita Bank and Yamanashi Chuo Bank will work together on the platform, dubbed “Fitting Hub.” The first service available on…