Memecoins dominate crypto open interest charts taking 4 out of top 10 spots

68% of global high-net-worth individuals have already invested or are planning to invest in crypto by the end of 2022, according to a survey by Dubai-based financial consultancy firm deVere Group released on May 3.DeVere group has more than $10 billion in assets under advice, with more than 80,000 clients located in more than 100…

Decentralized finance (DeFi) is here to stay with over $100 billion in total value locked (TVL), highlighting the evidence of faith in these new financial tools. This investment will continue to increase, but it appears that with each new record in TVL, there is another network attack being reported with astronomical losses.Crypto crime dropped 57%…

Beyond the obvious financial risks, there are a number of technical risks DeFi users should be aware of. 1169 Total views 2 Total shares A November report by data and research company BraveNewCoin has highlighted a number of serious ‘non-financial’ risks in decentralized finance.The financial risks involved with DeFi have been well documented, but the…

After a product launch and simultaneous Coinbase Pro token listing, Orchid Labs’ OXT token found itself down more than 20% in value by Dec. 18, as Cointelegraph detailed in a brief. Responding to the activity, Orchid’s CEO said the business has more of a long-term focus.“It’s obviously my responsibility as a CEO to be concerned…

Global market infrastructure provider Deutsche Borse Group, Swiss state-owned telecoms and ICT firm Swisscom, and Swiss and Singapore-based fintech company Sygnum have entered into a strategic partnership to build out a compliant financial market infrastructure for digital assets. The development was announced in a joint press release published on March 11.The new initiative will reportedly…

Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country.According to a report by Nigerian news daily Daily Post on July 23, Gbajabiamila wants the country to develop clear regulations for digital assets so that the country does not get left behind as…

Tencent to build a blockchain-based wine traceability platform for China’s oldest wine producer. 1750 Total views 20 Total shares Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to…

Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm, as well as provide users with a means to report scams and hacks.The companies shared a press release with Cointelegraph on Aug. 16. According to…

The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019. 48 Total views 10 Total shares Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According to a May 12 notice to…