Gold hits new high as Bitcoin rallies to month high at above $64K

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory meeting, where a panel will “explore issues in decentralized finance.”Polygon, a layer-2 scaling protocol for…

El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin. 83 Total views 116 Total shares The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin.Two documents were released for consultation on Aug. 17 instructing banks and…

Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls' cause and wipes out several weeks of downside — can it continue higher?After challenging $42,000 over the weekend, there was a cautious sense of optimism as higher levels remained in play. Sunday saw a fresh push, with overnight progress attacking…

The company announced its acquisition of WePlay Media after it recently closed multiple multi-million dollar fund rounds with investors such as Temasek. 444 Total views 11 Total shares One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries.The company announced the purchase of…

Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months.LDO MergifiedLDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization. Notably, LDO serves as a governance token inside the Lido…

The DMV has successfully digitized 42 million car titles on the Avalanche blockchain.

Neo3 promises to provide file storage and digital identity, though the demand is questionable 369 Total views 8 Total shares In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled…

The emergence of Web3 — the next generation of the internet — has led to tremendous growth and profits for creators. This has garnered the interest of several established Web2 companies to join the burgeoning ecosystem.  However, success in Web2 doesn’t guarantee success in Web3. Having been in the industry for a while, I have…

The anonymous trader’s Sun Wukong holdings surged to $750,000 at its peak, but he hasn’t sold a single token yet.