Memecoins reverse bearish market trends to record double-digit growth

The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, said his defendant will go on a hunger strike this Monday, Russian state-owned news outlet TASS reported Nov. 23.According to Timofey Musatov, the head of the lawyers representing Vinnik, the reason given for the hunger strike is that “he [Vinnik] was…

Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23. 1894 Total views 4 Total shares DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some…

The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs. 255 Total views 1 Total shares In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answer questions from lawmakers from the Economic Affairs Committee. When asked…

Albania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. 2706 Total views 70 Total shares Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies.The law, "On Financial Markets Based on the Technology of Distributed Ledgers," first appeared before the…

The protocols would enable nearly all aspects of data-sharing between blockchain protocols, such as oracle data, governance voting, etc. 513 Total views 18 Total shares On Thursday, the Interchain Foundation, a nonprofit steward of the Cosmos ecosystem, announced the release of Interchain Accounts.The Inter-Blockchain Communications protocol (IBC) enables an entire blockchain to control an account on…

The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized…

Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan. 91 Total views 12 Total shares Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in…

The rapid growth of the decentralized finance sector (DeFi) took a shock after the recent 17.5% drop in Bitcoin (BTC) price. However, it is likely that the DeFi sector will continue to grow as Bitcoin recovers, especially as users continue to look for high-yield strategies as a means to earn interest on their Bitcoin and…

What is peer-to-peer (P2P) lending?Peer-to-peer (P2P) lending, also referred to as marketplace lending, is a type of lending that uses online platforms to link lenders and borrowers directly, eliminating the use of conventional financial intermediaries, such as banks. In P2P lending, individuals or businesses seeking loans can request funding by creating loan listings on a…