At a Senate Banking Committee hearing on stablecoins in December, Sen. Elizabeth Warren called decentralized finance (DeFi) “the most dangerous part of the crypto world.” Read more: Sen. Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing Now, Joseph Kent, the technology...
Bank of America believes the Solana blockchain could become the “Visa of the digital asset ecosystem” with its focus on ease of use, scalability and low transaction fees, according to a research note sent to BoA clients. The note was sent after BoA hosted Solana...
TransUnion will begin offering credit information to blockchain lenders with the help of security firm Spring Labs, the two companies announced Wednesday (Jan. 12). “The move enables better-informed, privacy-preserving DeFi and Web3 applications (internet applications based on public blockchains), unlocking a new world of permissioned...
Bitcoin is off to a rocky 2022, with prices tumbling below $40,000 for the first time since September, tracking to hit its worst start to a new year since 2012 and perhaps since its inception, Bloomberg reported. The world’s first cryptocurrency lost about 14% in...
El Salvador is apparently readying a new Bitcoin law. Samson Mow, Chief Strategy Officer of Blockstream — the crypto asset firm overseeing El Salvador’s forthcoming, billion-dollar Bitcoin bond issuance — announced it in an English-language tweet on Jan. 3, according to El Salvador.com. The new...
The FinTech and RegTech solutions provider Computer Services Inc. has joined forces with the bitcoin company NYDIG to offer bitcoin services to community financial institutions. “Powered by NYDIG, the new offering allows banking customers to buy, sell, and hold bitcoin directly within CSI’s digital banking...
The Central Bank of Bahrain has completed a test of the JPM Coin with Onyx by J.P. Morgan, which allowed Bank ABC to launch real-time payment for Aluminium Bahrain (ALBA) in the U.S., according to a Wednesday (Jan. 5) press release. “We at the Central...
Nike’s selling virtual sneakers in the metaverse. Play-to-earn gamers in NFT-based Axie Infinity have bought and sold in-game items nearly 11.5 million times, with $3.81 billion changing hands. E-sports — watching people play video games over livestream — is a $1 billion business that attracts...
Evedo is looking to provide blockchain solutions for businesses and participants working with event organizing, a Tuesday (Jan. 4) Cointelegraph report says. Evedo founder and CEO Stoyan Angelov spoke with Cointelegraph about the company’s plan, explaining that the tech works through the EVED utility token,...
