Grayscale launches Aave fund amid DeFi surge: Finance Redefined

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto. 559 Total views 2 Total shares Since PayPal announced adding Bitcoin (BTC) to its platform, the asset's market cap has exceeded that of PayPal itself. Ironic?At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing…

GoodDollar believes that "digital basic income can work at scale, while effecting positive change on a global level.” 1070 Total views 10 Total shares A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its…

China’s Ministry of Industry and Information Technology (MIIT) has included a blockchain-dedicated laboratory on the list of its key labs for 2018, published August 13. According to the ministry's post, the lab will be dedicated to harnessing blockchain for the data security industry and IT, and will be overseen by the National Industrial Information Security…

Star Xu, founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has bought a controlling share in a Hong Kong Stock Exchange-listed firm for  around $60 million. The deal was disclosed by the acquired firm, LEAP Holdings Group, on Jan. 23.Following the deal’s completion on Jan. 14., OKCoin’s parent firm OKC…

Bitcoin's 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market. 1712 Total views 12 Total shares Bitcoin (BTC) crashed below $22,000 instantly on Sep. 13 after United States inflation data failed to meet estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI…

International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities.In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other purposes — discuss stablecoins and the potential application of securities market regulations. IOSCO’s stablecoin market researchThe regulator notes that…

Open interest has surged to a $400 million high this month, while institutional traders are increasing their exposure, not trading Bitcoin. Bitcoin (BTC) institutional investors are banking on a bull run as the latest data shows new records for the top cryptocurrency’s futures markets.As noted by institution-focused crypto analysis company Arcane Research on May 7,…

Huobi Group is targeting institutional investors with its new crypto-focused private equity offerings. 2728 Total views 17 Total shares Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for…