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  • bis-general-manager:-central-banks-generate-trust,-not-big-techs-or-“anonymous-ledgers”
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    BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

    According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements, criticized private stablecoins and decentralized finance (DeFi),… More

  • bitcoin-is-new-gold-for-millennials,-wharton-finance-professor-says
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    Bitcoin is new gold for millennials, Wharton finance professor says

    Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor.Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box… More

  • defi-platform-vee-finance-exploited-for-$35m-on-avalanche-blockchain
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    DeFi platform Vee Finance exploited for $35M on Avalanche blockchain

    Vee Finance says it suffered a $35-million attack just a few days after launching its mainnet on Avalanche last week. Decentralized finance (DeFi) platform Vee Finance reported $35 million in losses in an exploit, just a few days after launching its mainnet on the Avalanche network.After pausing services due to suspicious activity on Monday, Vee… More

  • bondly-finance-urges-users-to-stop-trading-following-alleged-exploit
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    Bondly Finance urges users to stop trading following alleged exploit

    The DeFi platform’s native token price dropped more than 60% following a compromise by an unknown party. Decentralized, e-commerce platform Bondly Finance is the latest decentralized finance (DeFi) platform to suffer an alleged exploit. The developer team advised the DeFi community to stop trading Bondly, the platform’s native token, following a suspected exploit on Thursday. Bondly… More

  • trading-apps-usurp-tiktok-in-popularity
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    Trading apps usurp TikTok in popularity

    Does that mean trading is more popular than social media now? Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the… More

  • visa,-jpmorgan-and-ing-discuss-bitcoin,-ether-and-stablecoin-development
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    Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

    Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on Bitcoin’s role as an investment tool, along with the future of stablecoins. If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and… More