Day: February 6, 2023

Shiba Inu (SHIB) Rallies Once Again As ShibaSwap (BONE) Gets Listed on Crypto Exchange Bitget

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Dogecoin (DOGE) rival Shiba Inu (SHIB) has outrun most of the digital asset markets yet again as hype continues to build around the top meme cryptocurrency. At time of writing, SHIB is up over 80% since and the beginning of the year and more than 32% in the last seven days, trading at $0.00001461 at time of writing. The Shibu Inu ecosystem is anticipating the launch of its new layer-2 upgrade Shibarium, a scaling solution built on top of Ethereum (ETH), similar to Polygon (MATIC) Days ago, crypto exchange Bitget…

Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets – Fintech Bitcoin News

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Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $16.2 million), would allow Capitual to start operating in Mexico, where Azimut has significant presence and operations. Capitual Gets €15 Million Investment From Azimut Fintech companies serving the cryptocurrency market have started grabbing the attention of more traditional asset management firms. Capitual, a fintech company that serves as a bridge to legacy finance for several…

Stablecoin adoption could lead to DeFi growth, says Aave founder

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Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel.  In a fireside chat titled “DeFi: Resilience in the Face of Global Uncertainty,” Kulechov and Cointelegraph’s managing editor Alex Cohen discussed various topics, including DeFi’s risks compared to traditional finance (TradFi) and how stablecoins can lead to more DeFi adoption. Fireside chat with Aave founder Stani Kulechov and Cointelegraph managing editor Alex Cohen at the StarkWare Sessions 2023…

Spanish Rehab Center Adds Crypto Trading Addiction to Its List of Services

Another hospital in Scotland called the Castle Craig Hospital is an addiction rehabilitation clinic treating high-adrenaline crypto traders since 2018. A Spanish rehabilitation center has added another addiction to the list of issues against which it provides services. The new addiction is the habit-causing problem of crypto trading. The establishment is a Switzerland-oriented wellness center, called the Balance, with its main office of management in Mallorca’s Spanish Island in addition to other units in London and Zurich. Recently, the platform began offering services for preventing crypto trading addiction. The luxury…

Potential Buyers Inquire about Hodlnaut amid Insolvency Crisis

Potential buyers are interested in embattled crypto lender Hodlnaut following creditors’ preference for liquidation instead of restructuring. According to new reports, potential buyers are making inquiries regarding the purchase of embattled crypto lender, Hodlnaut. These various interested parties have reached out to the interim judicial managers overseeing the company following its protection-seeking from creditors. The report further states that Hodlnaut’s judicial managers are signing non-disclosure agreements with these prospective investors. A given affidavit noted that the Hodlnaut Group allegedly owed a combined $160.3 million (62%) of outstanding debt as of…

Nissan Buying Up to 15% Stake in Renault EV Unit as Both Companies Announce Redesigned Alliance

Nissan and Renault announced the total remake of the long-lasting relationship last month. Japanese automobile manufacturer Nissan and French multinational automobile producer Renault have revealed the details of their redesigned alliance. Per the agreement, the Japanese are buying up to 15% stake in Renault’s EV unit Ampere. At the same time, the alliance’s junior partner Mitsubishi Motors will also consider investing in the EV arm. Meanwhile, Renault plans to list the electric vehicle unit. Details of the Nissan-Renault Redesigned Alliance According to a statement by the companies, Nissan aims to…

South Korea Issues Guidelines on Security Tokens

The government of South Korea is very open to crypto as an asset class. In advancing its reach to provide the much-needed regulation of the nascent crypto ecosystem, South Korea has issued a new guideline bordering on security tokens. In a Press Release published on Monday, the Financial Services Commission (FSC) highlighted how digital currencies should be treated based on their securities classification. According to the regulator’s definition, a security token refers to the digitalization of securities under the Capital Markets Act using Distributed Ledger Technology (DLT). The regulator said…

StarkWare Plans to Open Source Its Tech for Ethereum Scaling

Open-sourcing of the STARK Prover technology will lead to greater developer participation and community collaborations for building dApps on the platform. Blockchain scaling systems StarkWare, which reached an $8 billion valuation last year, is planning to open source its Ethereum scaling system and core cryptographic software tool. The announcement came during the two-day StarkWare Sessions 2023 event in Tel Aviv, Israel. Israel-based StarkWare is behind the technology that tackles the scalability issues of Ethereum such as slow throughput or high gas fees. The company currently has two platforms, the first…

Cost Effective Trading with Torobase

Torobase is a safe and trusted forex broker with an Open API that offers a range of features that set it apart from the competition. Forex trading is a popular investment opportunity that offers the potential for remarkable returns. However, to succeed in forex trading, it’s essential to have the right broker. Torobase is a safe and trusted forex broker that offers a range of features that set it apart from the competition. What Is Torobase? Torobase is a forex trading platform that provides traders with access to the global…