Ether ETFs will destroy ethos of crypto, says DeFi exec

The Ether ETF approval in the U.S. has sparked investor excitement and a decentralization debate.

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Bitcoin ETFs are orange FOMO poker chips that siphon on-chain funds back into TradFi

Bitcoins goal of creating a decentralized financial system may be challenged by ETFs dragging money back into the TradFi world, according to a macro researcher.

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Israeli fintech Kima, Mastercard lab look to develop DeFi credit card

Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

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South African crypto landscape primed for TradFi growth after FSCA ruling

Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector.

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Crypto poses imminent threat to financial stability: Bank of England Deputy Governor

Bank of England's Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.

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Why GameStop Getting Into NFTs Is A Very Good Thing For Crypto

Looks like GameStop is officially entering the web3 business. Whatcha doin #GameStop #NFT #NFTCommunity #Ethereum pic.twitter.com/SDzpajhvMb — Useful politician (@CorruptGnostic) October 26, 2021 GameStop, which has been notoriously slow-moving since it rose like the phoenix last January, posted a job listing on their site early this morning looking for a head of Web3 Gaming. The […]

The post Why GameStop Getting Into NFTs Is A Very Good Thing For Crypto appeared first on CryptosRus.

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Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

By incorporating scaling solutions, such as rollups and sidechains, Ethereum has the potential to implement the true vision of DeFi.

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Bloomberg Says Bitcoin to 100k

Takeaways Bloomberg all but promises Bitcoin to 100k and Eth to 5k Says Bitcoin will compliment the dollar as the “digital reserve asset” of the world Indicates decreasing supply and pullbacks point to mega-bulls in the near future Point to crypto as a paradigm shift and revolution in money and finance Usually, when the market […]

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Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023

Between Jan. 1 and July 4, the Nigerian share of Africa’s overall interest in cryptocurrency stood at 66.8%, a figure nearly eight times that of second-ranked South Africa’s share, according to the latest Coingecko report. South Africa, along with Morocco, Ghana, Egypt, and the Ivory Coast, accounted for 23.8% of the continent’s interest in cryptocurrency [...]

The post Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023 appeared first on Crypto Breaking News.

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Binance CEO Urges Regulators to Let Crypto Industry Mature Before Imposing Boundaries

Binance CEO emphasizes the need for active engagement and understanding the differences between crypto and traditional finance.

The post Binance CEO Urges Regulators to Let Crypto Industry Mature Before Imposing Boundaries appeared first on BitPinas.

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Chainlink introduces the 'Chainlink Runtime Environment' framework

According to Chainlink, the Common Businesses-Oriented Language (COBOL) standard facilitates approximately 95% of all ATM transactions.

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Expert Highlights Bitcoins Potential to Disrupt Traditional Assets

Th rrivl of Bitcoin in th finncil rn hs bn nothing short of groundbrking.  Cryptocurrncy nthusists frvntly bliv in its powr to rvolutioniz th montry systm nd solidify its position s lucrtiv invstmnt. Finncil xprt Rjt Soni rflctd this stdfst blif in rcnt post. On Octobr 6th, h shrd insights on X, mphsizing […]

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. [...]

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Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance

Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's USD coin (USDC), has also brought governance risks related to the custody of reserve assets to the forefront. Moody's anticipates that regulators could increase their scrutiny of stablecoins and require greater counterparty diversification. (Read More)

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