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 âDigital currencies and the soul of money,â AgustĂn Carstens, the general manager of the Bank of International Settlements, criticized private stablecoins and decentralized finance (DeFi),… More
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Bitcoin (BTC), the worldâs most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Whartonâs finance professor.Goldâs performance was âdisappointingâ in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box… More
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
The DeFi platformâs 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 platformâs native token, following a suspected exploit on Thursday. Bondly… More
The battle for global consumer deposits is going to be the fight of the century. But to vanquish old-fashioned banks, the DeFi sector needs to up its game. The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global… More
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
Forbesâ â2021 Blockchain 50 Symposium: Crypto Goes Corporateâ event sheds light on Bitcoinâs role as an investment tool, along with the future of stablecoins. If 2021 has taught us anything about digital currencies, itâs that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and… More
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