Finance Minister of India, Nirmala Sitharaman has revealed that Reserve Bank Of India insists a ban on cryptocurrency. Despite making their stance on digital asset clear, India continues to seek globa...
Tag: Finance
Indian Finance Minister Echoes Central Bank’s Crypto Ban Call but Says Global Collaboration Is Required
The question is among the first crypto-related queries in Parliament after reports that the RBI is responsible for a “shadow ban” on cryptocurrencies after payment processors cut off crypt...
Indian Finance Minister Expresses RBI’s Demand for Crypto Ban
2 hours ago | 2 mins read News The Indian Finance Minister declared that the RBI recommended crypto regulation. Government expects international collaboration for any effective regulation. ...
India’s finance minister reveals RBI wants to ban crypto but seeks global cooperation
India’s Finance Minister Nirmala Sitharaman has said the country’s central bank is pushing for the ban on cryptocurrencies, but there is a need for global collaboration. Sitharaman revealed that the ...
Lido Finance: A 7-day assessment of LDO reveals shocking…
Lido Finance is a leading DeFi protocol wherein users, for Lido Staked ETH (stETH) and a small percentage in yield, are allowed to deposit Ethereum. In its Lido Weekly Digest, published on 15 July, t...
DeFi Project Spotlight: Euler Finance, the Next-Generation Money Market
Key Takeaways Euler Finance is a second-generation DeFi lending protocol custom built to allow permissionless lending and borrowing of long-tail crypto assets. Euler has innovated and built a number o...
India needs global collaboration to decide on crypto’s future, says finance minister
Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy. Addressing a question on crypt...
India’s Central Bank Is Keen to Ban Cryptocurrencies, Says Finance Minister
India has been doing flip-flops over the last few years over its decision to allow the use of cryptocurrencies in the country. On Monday, Indian Finance Nirmala Sitharaman said that the Indian central...
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion – Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions. The...
Saddle Finance- Automated Market Maker for Pegged Value Crypto Assets
Launched in January 2021, Saddle Finance is one of the simplest and easiest ways to trade pegged crypto assets with the lowest slippage. The crypto market has proven to be highly volatile. With the fa...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto – Finance Bitcoin News
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for...
Decentralized Finance: What You Need to Know About DeFi
Last Updated on Jul 15, 2022 at 15:29 Decentralized finance, or DeFi for short, is a hot topic in the cryptocurrency world; almost as hot as crypto gambling via the use of the incredible no limited ca...
The Central Bank of Russia (CBR) And The Ministry Of Finance Fought Over Stablecoin
Representatives of the Central Bank of Russia (CBR) and the country’s Ministry of Finance have fought once again over the latter’s proposal to support the stablecoins that some private investors have ...
Russian’s Central Bank and Ministry of Finance clash over stablecoins
A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner.” In turn, this potentially means fa...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official...
Inverse Finance Shows Strength as Bears Dominate Market
Amidst all the recent incidents that have created a negative reputation for the cryptocurrency industry, a major chunk of the top projects have been building their infrastructure steadily over the pas...
Chicago Based Brokerage Firm M1 Finance To Render Crypto Trading Services
The bear market has left a sour taste for crypto investors, and most are worrying about the current trend in the market. Many firms are also fighting to sustain operations amid issues of insolvency, l...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks – Finance Bitcoin News
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers sa...
Online Brokerage M1 Finance Unveils Support for Crypto Trading Accounts – crypto.news
M1 Finance, a US-based brokerage firm, will soon launch cryptocurrency accounts and offer commission-free trading services for ten digital assets. M1 Finance to Launch Crypto Trading Accounts M1 Finan...
Post finance subsidiary of Swiss Bank is ready to launch Bitcoin trading By 2024
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Why Decentralized Finance (DeFi) Will Likely Change the Nature of Traditional Industries – crypto.news
The world is currently undergoing a financial market turmoil, with inflation on the rise and stock prices taking a plunge in recent months. While this shock has been felt across the board, Web 3.0 inn...
Crypto Lender Babel Finance Issues Temporary Halt on Withdrawals
Not long ago, the crypto world was shocked and appalled to learn that Celsius – one of the crypto industry’s largest and most well-known crypto lenders – was halting withdrawals and preventing people ...
Prominent Brokerage Firm M1 Finance Plans To Offer Crypto Services
4 hours ago | 2 mins read Exchange News This new asset class may now be included in their long-term investment plan. Pie-based investing is a fundamental feature of M1 Finance. Many crypto investors w...
Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution – Fintech Bitcoin News
A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa...
M1 Finance Users can now Enjoy Commission Free Crypto Trading
Looking at the growing demand, the US brokerage firm will allow its users trading crypto assets. American financial services provider company, M1 Finance is launching crypto trading accounts. After th...
M1 Finance announces supper for crypto trading accounts 1
M1 Finance has announced that it will begin to offer its users the opportunity to own crypto accounts on its platform. According to a blog post on its website, the brokerage platform also mentioned th...
Online brokerage M1 Finance to launch crypto trading accounts
Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks. The Chicago-...
Convex Finance [CVX]: With 14 unlocks left to go, investors can…
Convex Finance, a DeFi protocol built on Curve Finance, on 30 June, commenced unlocking its CVX tokens. This resulted from limited liquidity to allow for swapping CVX tokens to Ethereum (ETH). Accordi...
Yam Finance thwarts governance attack aimed at hijacking its treasury
Yam Finance, a decentralized finance (DeFi) protocol, prevented a malicious governance attack designed to cede control of its reserves to an unknown third party, the project said on Saturday. Accordin...
Yam Finance DeFi Platform Successfully Foils Potential $3.1 Million Heist – crypto.news
Yam Finance DeFi protocol has successfully prevented a malicious governance attack that would have allowed a hacker to steal the entire funds in its treasury. Decentralized finance protocols are now m...
Hong Kong Introduces Draft Legislation to Treat Cryptocurrency Exchanges Like Traditional Finance
Hong Kong lawmakers have introduced new legislation tailored to regulate the cryptocurrency space and aim to implement a new licensing regime for crypto service providers. The proposed law governing c...