Report: blockchain developers move to DeFi projects

Cryptocurrency NewsBy 05/02/2021

Engineers and developers are gradually switching from tier 1 blockchains that rival Ethereum to DeFi protocols. According to the latest blockchain industry trend report from venture capital firm Outlier Ventures, developers are shifting their focus from Ethereum rivals to DeFi apps. Ethereum has remained the most actively developed blockchain protocol over the past year, followed by Cardano and Bitcoin. The fourth place after the launch of the main network in October 2020 was taken by…

Glassnode: BTC Equally Distributed Between Whales and Retail Investors

Cryptocurrency NewsBy 05/02/2021

Despite the rise in the number of whales in 2020, the amount of BTC in the wallets of retail investors has increased by 130% in three years. According to Glassnode, bitcoins are relatively evenly distributed across addresses with varying balance sizes. Glassnode researchers published this data in response to previously disseminated information that the bulk of bitcoins in circulation is concentrated in a few large addresses – only 2% of wallets control 95% of BTC.…

Binance Launched Binance Pay Beta

Cryptocurrency NewsBy 04/02/2021

Binance cryptocurrency exchange has launched a beta version of the Binance Pay service for payments in five cryptocurrencies: BTC, ETH, BUSD, BNB and SXP. The exchange sees him as a potential competitor to PayPal. The beta version of the service was “secretly” launched last Friday. The management of the exchange announced this only today, at the virtual event Binance Blockchain Week. Binance CEO Changpeng Zhao said Binance Pay is “a contactless and secure technology for…

Visa develops cryptocurrency services for banks

Cryptocurrency NewsBy 04/02/2021

Visa is developing a set of APIs for banking and financial institutions. They can provide their clients with services for working with cryptoassets. Payment card operator Visa and digital bank First Boulevard are preparing to launch a program for bank customers to buy, sell and store cryptocurrencies. First Boulevard’s neobank will be Visa’s first user programmable interface (API). The CEO and President of First Boulevard, Donald Hawkins (Donald Hawkins), believes that bitcoin is a new…

Sygnum Bank Has Tokenized Vintage Wines on Desygnate Platform

Cryptocurrency NewsBy 03/02/2021

From February 1, Switzerland is allowed to issue tokenized assets. Sygnum Bank was the first to tokenize “investment vintage wines” by issuing tokens on the Desygnate platform. The Swiss bank Sygnum tokenized the first set of assets in accordance with the country’s new law on the use of distributed ledger technology (DLT). Sygnum Bank has teamed up with Fine Wine Capital AG to tokenize a range of “investment vintage wines” and has issued tokens representing…

Economists: “the concept of state-owned cryptocurrencies could turn out to be a failure”

Cryptocurrency NewsBy 03/02/2021

Economists Peter Bofinger and Thomas Huss argue that government-owned cryptocurrencies may fail as a medium of exchange due to competition from private banks. According to an article on European economic policy analysis published by economists Peter Bofinger and Thomas Hass, cryptocurrencies issued by governments may be a failure because the concept lacks “understandable motivation.” Bofinger and Hass, of the economics department of the University of Würzburg in Germany, argue that central banks have been too…

Crypto Broker AG obtained a broker-dealer license in Switzerland

Cryptocurrency NewsBy 02/02/2021

The brokerage division of Crypto Finance Group – Crypto Broker AG – has received a brokerage license from the Swiss Financial Markets Authority (FINMA). Crypto Broker AG CEO Rupertus Rothenhaeuser said the license would expand the firm’s reach, enhance regulatory compliance, and facilitate risk monitoring and liquidity reporting. Many banks are ready to work only with regulated partners, imposing strict requirements on them. According to Rothenhauser, now Crypto Broker AG can work with any Swiss…

SBI and SMFG Will Launch Blockchain Stock Exchange in 2022

Cryptocurrency NewsBy 02/02/2021

SBI Holdings and Sumitomo Mitsui Financial Group (SMFG) will launch a blockchain digital securities exchange in Osaka in the spring of 2022 to compete with the Tokyo Stock Exchange. According to the Nikkei publication, the exchange created by SBI and SMFG will be the first stock exchange in Japan to allow investors to trade digital securities using the blockchain. To prepare for the launch of the exchange in March, the companies will create an operating…

CoinMarketCap has Pushed WSB token ahead of bitcoin in support of Reddit users

Cryptocurrency NewsBy 01/02/2021

WallStreetBets (WSB) token appeared on CoinMarketCap, which took zero place ahead of BTC in terms of capitalization. This joke relates to Reddit users’ revenge on institutional traders. The CoinMarketCap service posted a warning on the WSB page that no such asset actually exists. This means that Bitcoin is still the leader in the cryptocurrency market. The fictional token is valued at $ 483, and its capitalization is $ 24.8 billion. There are 51,442,000 WSB in…

Visa plans to expand the use of cryptocurrencies in the payment network

Cryptocurrency NewsBy 01/02/2021

The CEO of Visa spoke about plans for cryptocurrency payments during a teleconference on the company’s financial activities for the first quarter of 2021. In his speech, Visa CEO Alfred Kelly said the company is ready to make cryptocurrency payments safer and more widely used by working with the firm’s partners. Visa plans to work with wallets and exchanges so that users can buy cryptoassets, he said. In addition, the company intends to provide users…

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