Monthly archives: February 2023

The Bank of Canada has released a working paper that examines lending protocols in decentralized finance (DeFi) with regard to sources of instability and their relation to crypto asset prices. Its findings point to potential ways to optimize DeFi lending platforms, or possibly the practical limits of decentralization. The authors of the paper, titled “On …

Continue reading “DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study”

There are so many business loans available these days. It’s possible to qualify for a lending tool in Canada and finance your business needs. You should have a wise approach when it comes to borrowing and evaluate your options choosing the loan that best suits your business situation. Check your budget with the best Сanadian …

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Mirror World Inc., one of the market leaders in the Web 3.0 mobile application movement, debuted today the first all-in-one multi-chain development Smart Platform. Smart Platform by Mirror World has served more than 250 project creations since its alpha launch in October 2022, spanning from games and social apps to NFT launches. Smart Platform by …

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The roll-up scaling solution Arbitrum overtook Ethereum (ETH) in terms of daily transactions for the first time ever this week. Data from blockchain research tool Dune Analytics indicates Arbitrum hit more than 1.1 million daily transactions on Tuesday, higher than Ethereum’s 1.084 million. The Arbitrum team celebrated the milestone on Twitter. “For the first time …

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The executive board of the International Monetary Fund (IMF) considers the rising adoption of crypto assets a threat to the global monetary system. According to the IMF, the directors agreed that digital coins may have crucial implications on the UN financial agency’s mandate and policies during a discussion of a board paper providing guidance on …

Continue reading “IMF Directors Issue Crypto Warning, Call for Coordinated Policy Response To Protect Global Monetary System”

XRP Ledger (XRPL) developers have unveiled a new proposal for a cross-chain bridge they say would expand the blockchain’s functionality. Ripple software engineer Mayukha Vadari published the GitHub proposal and linked to it on Twitter. We just published an official XRPL Standards spec for cross-chain bridges! Check it out and let me know if you …

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Bitcoin (BTC) is struggling to stay above $23,000 as the weekend approaches. The selling pressure increased after the personal consumption expenditures excluding food and energy rose 0.6% in January and 4.7% over the year, above market expectations of an increase of 0.5% and 4.4% respectively.  This could trigger fears that the United States Federal Reserve …

Continue reading “Price analysis 2/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB”

Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area.  On Feb. 24, Circle announced the Atlanta-based …

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The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. In a Feb. 24 publication, the FATF said the plenary for the financial watchdog — consisting of delegates from more than 200 jurisdictions — met in …

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Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system. Digitalization of payments CBDCs might make payments quicker and more efficient because they would do away with the need for intermediaries. Costs could be …

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XRP, a digital currency created by Ripple Labs, has had its share of ups and downs, but many believe in its potential and bright future. XRP community itself is a bright spot for the ripple cryptocurrency future. XRP supporters are passionate and committed to the success of the currency. They have created a strong network …

Continue reading “Speed, Regulations, and the Environment: Does Ripple XRP Have A Future?”

Bitcoin mixers, also known as Bitcoin tumblers, are tools that help enhance the privacy and anonymity of Bitcoin transactions. These tools work by combining Bitcoin transactions from multiple users to obscure the transaction history and make it difficult to trace the source of the funds. Who Uses Bitcoin Mixers? Bitcoin mixers are useful for investors …

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