According to Kava Labs CEO Brian Kerr, the major reason that decentralized finance, or DeFi, has not yet hit the mainstream is that “93% of holders are never gonna touch their own keys.” Kava is a non-Ethereum-based DeFi platform that enables users to earn interest on the cryptocurrencies they hold. The investors Kerr hopes to reach are those who used an on-ramp like Coinbase or Binance to buy cryptocurrencies that are now sitting on the exchange. They are “worried about Read more …
Cinedigm, a major American content distribution company, is applying blockchain technology to one of its streaming channels. The company has partnered with decentralized video delivery network Theta Labs to integrate Theta’s peer-to-peer streaming technology and cryptocurrency rewards into its CONtv Anime channel airing a wide range of anime series and movies. CONtv Anime will feature micropayments in Theta Fuel (TFUEL), one of the two native tokens on the Theta blockchain. The token will be used as a reward for sharing Read more …
press release PRESS RELEASE. OccamRazer is a decentralized fundraising vehicle, or launchpad, with a full suite of compliance and RegTech tools as well as feature-rich UX suitable to accommodate a vast variety of fundraising profiles, acting as the key that will unlock the Cardano ecosystems’ liquidity. As AMM-based vehicles for decentralized fundraising, such as IDOs, are known to be an ill fit due to extreme volatility, front-running, and inability to reflect the intricacies of the fundraising process, Occam.fi introduce a Read more …
The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash. The ECCB announced the launch of its CBDC for the region via a media event held on Wednesday. DCash is the digital version of the Eastern Caribbean dollar — the official currency of the eight countries in the union. However, as announced during the launch, DCash is only available in four of the currency union’s member states: Grenada, St. Kitts and Nevis, Antigua and Barbuda, Read more …
What a year it has been for FUN Token. From being acquired by a Bitcoin casino with 41 million users to making a brief but powerful foray into the Top 100, FUN Token has done it all in 2021. And it’s only April. Seeing the rising demand for the token, Binance has announced the FUN Token Trading Competition. Is FUN Token worth investing in? Let’s take a look. FUN Token Surges by 700% in 3 Months The FUN Token is Read more …
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether Holdings Limited stated that USDT tokens have “always been fully backed.” The report was signed by Moore Cayman on March 26, 2021, and compiled on Read more …
Chainlink prices climbed higher on Thursday, rising by as much as 5.10 percent on the prospects of higher institutional adoption. The LINK/USD exchange rate reached its previous week’s high of $30 before correcting lower during the early London session. Its uptrend majorly came as a part of a broader bullish trend across the altcoin market. Meanwhile, LINK received an additional upward boost from New York-based Grayscale Investments’s overnight buying spree. Grayscale Goes Shopping Data fetched by ByBt.com shows that the Read more …
Snoop Dogg will auction his first NFT collection, titled “A Journey with the Dogg,” via Crypto.com. In recent times, a slew of musicians and celebrities have jumped on board the NFT bandwagon. Should this be taken as an indicator of sustained growth? Or are they looking to cash in while the going’s good? Snoop’s on Board With The Digital Era Snoop Dogg was one of the few artists that emerged from the early-90s G-funk era that’s still around today. His Read more …
It may be an April Fool’s prank, but when it comes to meme-based cryptocurrency Dogecoin (DOGE), it hardly matters. DOGE/USD 1-hour candle chart (Bittrex). Source: Tradingview Musk: SpaceX taking Dogecoin to “literal moon” After a fresh tweet from Tesla CEO Elon Musk, DOGE/USD shot up 35% in minutes on April 1, hitting six-week highs. Musk, newly dubbed the “Technoking” of Tesla, is known for his tongue-in-cheek Dogecoin publicity, and his antics on Twitter and in interviews have already succeeded in Read more …
China has completed its first cross-border pilots of the digital yuan with Hong Kong. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority and the PBoC have conducted technical tests on the cross-border use of China’s central bank digital currency. The official announced the news at a Thursday press conference hosted by the State Council Information Office of China, local news agency Sina Finance reports. The news comes shortly after Mu Read more …
If Bitcoin is to become more widely accepted as a payment method, it needs important companies to begin using it. A big step forward was taken in this respect when Tesla announce that they would be doing just that. Will more companies now make a similar decision? They aren’t the first major company to take this decision. PayPal did the same in October 2020. A growing number of online casinos and igaming companies are also embracing Bitcoin and allowing it Read more …
Finance Redefined is Cointelegraph’s DeFi-centric newsletter contextualizing major events in the previous week. Subscribers receive a copy every Wednesday. Editor’s Note This is one of those weeks where it’s hard to find a central topic for this newsletter. There weren’t any big scandals or releases, more like a slow grind with a few projects launching new features, others announcing their fancy investment round, while every celebrity and their mother keeps dropping NFTs. Snoop Dogg is the latest, I believe? I Read more …