Real life yield farming: How tokenization is transforming lives in Africa
A new wave of blockchain and tokenization projects is helping African farmers access revenue, investments and loans to build better lives.
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Crypto assets for liquid democracy: The future of public finance
Power historically shifts from governments to people. Democracy is the product of revolution and disruptive innovation by those who abhor the elitism of aristocracy and monarchy, who fear the single-mindedness of theocracy, and who see the impracticability of communism. More than ever before, governments represent fairer and more trustless social contracts. How do we merge…
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market
CryptoRuble: How Stable Could Russian National Stablecoin Be?
On November 7, the chairman of Russia’s State Duma Committee on Financial Markets announced details of the “CryptoRuble,” a long-discussed government cryptocurrency project. Specifically, the official said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble, but in a digital space. Russian authorities have now ended up with this concept…
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins. 136 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTHong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to…
Blockstream secures $210M debt funding for Bitcoin layer-2 strategy
The company raised $210 million in debt financing less than a month after launching a security token offering in Europe.
SBF to forfeit $700M worth of assets if found guilty of fraud
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts. 155 Total views 5 Total shares Own this piece of history Collect this article as an NFTAccording to new court filings, disgraced FTX founder Sam Bankman-Fried…
Crypto startup Amber Group raises $530 million AUM as institutions, retail arrive
The crypto-finance company reported a 275% annual increase in assets under management in 2020. 2407 Total views 11 Total shares The crypto-finance service provider tells Cointelegraph that its assets under management, or AUM, reached $530 million in 2020, representing a 275% increase from the previous year. Over 500 institutions have contributed to Amber’s suite of…
Extreme leverage drove $500 million worth of BTC liquidations in one hour
The latest Bitcoin correction triggered a record $500 million worth of liquidations in 60 minutes on major exchanges. 1162 Total views 10 Total shares The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan &…