DeFi fragmentation can only be solved at the account level

Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20.In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader for Asia — highlighted the contradictory status quo industry businesses face trying to attract funding.“Most institutionally-minded…

Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half his company’s workforce. Ver has dismissed the…

Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector.Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and…

A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar. 80 Total views 28 Total shares The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report…

One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada.In-store crypto payments in CanadaThe official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow…

CryptoQuant CEO Ki Young Ju says Bitcoin is still vulnerable to “speculative FUDs,” giving smart money a way to buy up cheap Bitcoin.

Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. 1082 Total views 28 Total shares Multinational banking giant Banco Santander and four Spanish banks have successfully finalized a proof-of-concept for payments using smart contracts.The PoC was coordinated with IberPay, the company that oversees the Spanish Payment System.Trial confirms blockchain’s feasibility…

In less than a week, Terraform Labs founder Do Kwon’s passport will expire. Interpol issued a red notice for Kwon last month, and this month, his assets were reportedly frozen by the South Korean government. Kwon has been tweeting freely in response — and almost always denies the reports. “I don’t know whose funds they’ve frozen,…

At a time when the term “fake news” has become a household name thanks to its repeated use by President Donald Trump, deepfakes — i.e., seemingly realistic videos that are in fact manipulated — can further escalate the problem associated with distrust of media. Technologists are looking at the inherent nature of blockchain as aggregators…