Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition

Paradigm has incubated its first crypto project — an Ethereum-based DeFi protocol promising fixed-rate lending and interest markets. A researcher from the crypto asset investment firm, Paradigm, has co-authored a whitepaper for a new decentralized finance, or DeFi, lending protocol boasting fixed-interest rates.The whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and Allan…

Bitcoin (BTC) rallied above $10,000 on May 7 and just when everyone was getting ready for the long-anticipated halving surge the top-ranked cryptocurrency on CoinMarketCap plunged over 15% to hit a low of $8,130.58.However, the sharp fall in price did not attract further selling, which suggests that traders are not panicking and dumping their positions.…

If the crypto community can successfully decentralize the internet, “it’s a future really worth getting excited about,” said NFT3 founder Dylan Dewdney. 25 Total views 1 Total shares Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, non-fungible tokens (NFT) and the Metaverse. It turns out…

N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets. 349 Total views 3 Total shares The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let…

Yosuke Matsuda draws a line between old-school gaming, which he terms “play-for-fun,” and next-generation, blockchain-based, play-to-earn gaming. 1065 Total views 28 Total shares Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry.Yosuke Matsuda, CEO…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given the…

Chicago-based high-frequency trading firm Jump Trading has made an equity investment in sports fan token platform Chiliz. 1758 Total views 11 Total shares Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago…

A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27.Vitas Vasiliauskas — Chairman of the Board of the Bank of Lithuania and a member of the Governing Council of the ECB — delivered his…

Last month, Tradelize and Cointelegraph teamed up for a contest to hear your craziest crypto stories — casting a spotlight on some of your biggest successes and fails.You didn’t disappoint… and selecting one winner was impossible. Because of this, we chose two — with the lucky raconteurs sharing a 5,000 USDT prize between them.The first…