1inch launches Fusion upgrade to improve swap security and profitability
Leading decentralized finance (DeFi) aggregator 1inch Network announced a major upgrade — Fusion — around its 1inch Swap Engine. The Fusion upgrade aims to deliver cost-efficient, secure and profitable swaps for crypto investors. The Fusion mode in 1inch Swap Engine allows DeFi investors to place orders with a predecided price and time range without paying […]
OpenSea blocks Cuban artists from the platform due to US sanctions
Nonfungible token (NFT) marketplace OpenSea has been banning artists and collectors from Cuba, citing United States sanctions as the key reason behind its action. According to a report published by Artnet, 30 artists and collectors have been banned from the popular NFT marketplace until now. The most noted artist to face the axe includes well-known Havana-based […]
New OECD report takes lessons from crypto winter, faults ‘financial engineering’
The Organisation for Economic Cooperation and Development (OECD) analyzed the crypto winter in a new policy paper titled “Lessons from the crypto winter: DeFi versus CeFi” released Dec. 14. The authors examined the impact of the crypto winter on retail investors and the role of “financial engineering” in the industry’s current problems and found a […]
Bank of England deputy governor Cunliffe on DLT securities settlement: Not so fast!
There’s more to crypto than just assets, Bank of England deputy governor Sir Jon Cunliffe reminded the Association for Financial Markets in Europe conference in London on Sept. 28. The distributed ledger technology (DLT) behind crypto assets has far-reaching implications for traditional markets and interoperability. DLT will touch on trading, clearing, settlement, and custody as it is […]
Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver
Zircon Finance, an automated market maker (AMM) and a decentralized exchange on Moonbeam, announced the launch of a mainnet network to address investors’ challenges related to impermanent loss in decentralized finance (DeFi). Impermanent loss relates to a condition wherein investors lose assets they had previously dedicated to providing liquidity to a liquidity pool for earning […]
Resistance is futile! 3 reasons why Bitcoin mining will never go away
In the summer of 2021, the Chinese government banned Bitcoin mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse. This ban could have […]
Mastercard to allow 2.9B cardholders to make direct NFT purchases
International payment processing giant Mastercard is expanding its payment network for nonfungible token (NFT) markets and Web3. The financial service provider announced that it has been working on expanding their payment networks to NFTs over the past year. The firm has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to […]