Day: January 26, 2022

Binance to Reinstate Payments From EU’s SEPA Platform: Report

Crypto exchange Binance is about to reinstate payments from the European Union’s Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter. Payments through the network will resume “in the coming hours,” Bloomberg said. The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report. Binance temporarily halted payments from…

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Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban – Regulation Bitcoin News

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Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated. This comes as Russia, which is a close economic ally, is mulling over a proposal to impose harsh restrictions…

Dogecoin Leads Gains in Major Cryptos Ahead of Fed Meeting

The broader crypto market recorded its second day of growth ahead of a U.S. Federal Reserve (Fed) statement on Wednesday. Prices of bitcoin, ether and other major cryptocurrencies rose as much as 7% in the past 24 hours, with memecoin Dogecoin leading gains among the biggest assets by market capitalization. Terra’s LUNA tokens were among the only losers, posting a 4.6% decline, data from analytics tool CoinGecko showed. Wednesday’s Fed meeting may reveal the bank’s stance on the timing of an interest-rate increase that many observers expect will come in…

This Taiwanese Fintech is Building Dollar Liquidity Pipes with USDC, DAI and Tether

Taiwan’s financial sector is known for its conservative outlook, and rich pools of foreign reserves — the fifth largest in the world coming in at $546 billion for a country of 24 million. But because of the industry’s conservative outlook and strict regulatory environment, it isn’t considered a regional financial hub, as are its neighbors Hong Kong and Singapore. The island is better known for its technology manufacturing giants like Taiwan Semiconductor Manufacturing Company (TSMC). Taiwan’s government is aware of this and wants to change it. A pillar of Taiwanese…

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Can DeFi and CeFi coexist? Three takeaways from experts panel

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As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available to users in the future.  On Jan. 21, Cointelegraph moderated the panel discussion, “Can CeFi and DeFi Coexist?” for the Global Blockchain Business Council. In the video, panelists hash out questions related to adoption, banking the unbanked, and whether innovation means disruption of traditional financial services. Salient…

Dvision Network Announces 2nd LAND Sale On Dvision Marketplace And OpenSea

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The second LAND NFTs sale for Dvision Network is scheduled to begin on January 27th. It is another opportunity for users to own space in the Dvision Meta-Cities, two of which are being opened with the most recent LAND sale. LAND NFTs will be sold across two platforms, the Dvision Marketplace and OpenSea, where users will be able to purchase the NFTs using MATIC tokens. This iteration of the Dvision LAND sale will see a total of 4,651 NFTs go up for sale, spread evenly between the two NFT marketplaces.…

Crypto exchange FTX US closes $400M funding round to reach $8B valuation

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Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding. According to Reuters on Wednesday, the American affiliate of FTX closed a $400 million funding round led by SoftBank Group Corp, Temasek Holdings, Paradigm and Multicoin Capital. FTX US president Brett Harrison said that this development puts their firm as one of the largest crypto exchanges in the United States, and sends a message to the world that they are growing very rapidly. Harrison indicated that the firm will use the funds to further its offerings as…

ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

To make cross-border securities transactions more secure and efficient in Asia and the Pacific region, the Asian Development Bank (ADB) is going a notch higher by deploying a blockchain-powered project to connect securities depositories and central banks.  Per the announcement: “Working with leading blockchain companies, ADB will seek to develop ways to directly connect central banks and securities depositories in the ASEAN+3 region within a Blockchain network.”  Therefore, the project will cover South Korea, China, Japan, and the Association of Southeast Asian Nations (ASEAN).  The time constraint is…