Sberbank’s DeFi platform will allow users to perform banking operations such as lending and saving. Beta testing starts in March, while commercial operations should start in April. Russia has had an ambivalent approach to crypto since it invaded Ukraine. Sberbank is launching its Decentralized Finance (DeFi) platform based on the
February 3, 2023 │ 6:15 PM GMT The price of Cardano (ADA) has increased 51.42% from January 5th, 2023. The Cardano Foundation has shared statistics reflecting increased transactions across the board on the network. An increase in smart contract transactions on the Cardano network could propel the global adoption of
February 3, 2023 │ 6:00 PM GMT Binance has told WazirX to withdraw all funds from Binance wallet services. WazirX and Binance have been in a public argument since WazirX got in trouble with Indian regulators. Binance claims that WazirX made false statements after a money laundering probe. In an
February 3, 2023 │ 5:30 PM GMT Optimism’s governance token OP has reached a new all-time high of $3.20. It’s up about 230% in the last month. Other Layer-2 tokens like Loopring (LRC), ImmutableX (IMX), and Polygon (MATIC) are also pumping. The reason for the massive Layer-2 token run might
February 3, 2023 │ 5:00 PM GMT Binance bought 41.2% of crypto exchange GOPAX shares to return to South Korea. Binance announced that the investment was part of its Industry Recovery Initiative (IRI). GOPAX faced difficulties last November due to its ties with Genesis Global. An ultimatum from authorities led
February 3, 2023 │ 4:30 PM GMT Silvergate’s stock went down as much as 28% yesterday after Bloomberg reported that the bank is facing a probe by the U. S. Department of Justice over its ties with FTX and Alameda. SI is currently trading at around $17. The DOJ is
February 3, 2023 │ 4:00 PM GMT The short-term outlook for Bitcoin shows resistance levels and potential retracements. Weak market structure raises concerns for a potential breakdown. Market analysis highlights key points to watch for in the near future of Bitcoin. Bitcoin has had a great start to 2023, from
February 2, 2023 │ 6:15 PM GMT BonqDAO lost $120 million in assets due to the exploitation of its network. The hacker stole $108 million worth of Bonq Euro and $11 million worth of WALBT. The exploiter altered the update price function in BonqDAO’s smart contract to influence the WALBT
February 2, 2023 │ 6:00 PM GMT The number of Ripple (XRP) whales has increased since the start of 2023. Ripple Labs and whales accumulate XRPs. Ripple Buyback Theory returns ahead of Ripple vs. SEC lawsuit conclusion. The whales have moved more than five billion XRP tokens since the first
February 2, 2023 │ 5:45 PM GMT Tesla recorded a $204 million impairment loss on its Bitcoin holdings in 2022. Tesla’s $1.5 billion investment in Bitcoin in Q1 2021 was driven by CEO Elon Musk’s belief in the cryptocurrency. As of December 31st, 2022, Tesla held $191 million in Bitcoin
February 2, 2023 │ 5:30 PM GMT Charlie Munger opines that the United States should ban cryptocurrencies following regulatory insufficiency. Wall Street Journal commenters express agreement and aversion to Munger’s opinion piece. The newest opinion piece continues a chain of crypto-skepticism from Munger. On February 1st, 2023, Berkshire Hathaway (BRK)
February 2, 2023 │ 5:15 PM GMT 72% of the 835 institutional investors surveyed by J. P. Morgan said they are not interested in entering the crypto markets. 14% of respondents said they plan to trade crypto in the next five years, and 6% said they plan to do so