Kraken to launch Ink blockchain for DeFi in early 2025
Kraken’s new blockchain, Ink, will simplify decentralized finance access, offering trading, lending and borrowing services without intermediaries.
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Polymarket tops $1B in betting volume amid US election hype
More than one-third of the platform’s lifetime volume was traded in July, with speculators betting hard on the US presidential race.
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Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank
The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system. 1781 Total views 46 Total shares The research arm of Suadi Arabia’s Islamic Development Bank Group is aiming to develop a blockchain-based smart credit management system.To achieve this, the bank's Islamic Research and Training Institute, or IRTI, has…
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Major Brazilian Bank Brodesco Joins R3 Corda-Powered Global Trade Finance Network
Prominent Brazlian bank, Banco Bradesco, has become the latest institution to join R3’s Marco Polo blockchain network for trade finance, according to a press release shared with Cointelegraph on May 14.Banco Bradesco is among Brazil’s leading banks, with total assets worth $338.2 billion and a market capitalization of $49.1 billion, the press release states.The Marco…
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Bitcoin price action decouples from stock markets, but not in a good way
This week the stock markets began to flash a little green, and Bitcoin (BTC) is decoupling from traditional markets — but not in a good way. The cryptocurrency is down 3%, while the Nasdaq Composite tech-heavy stock market index is up 3.1%.May 27 data from the United States Commerce Department shows that the personal savings…
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LMBO and REKT: Direxion debuts leveraged ETFs tracking crypto equities
Despite the fun-sounding tickers, the two newly launched Direxion funds saw less than $50,000 in combined trading volume on their first trading day.
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China doles out millions in digital yuan in bid to boost adoption: Report
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season. Own this piece of history Collect this article as an NFTMillions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in…
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Second US Stimulus Package Could Drive Bitcoin Higher, Says OKEx CEO Jay Hao
Jay Hao, the CEO of crypto exchange OKEx, suggests that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further.In his June 22 LinkedIn post, Hao explained that since the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. He cited…
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Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger
In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella. First floated after “weeks of negotiation” in early April, members of the Inverse Finance DAO began voting yesterday on a proposal to acquire Tonic and…