The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation of Crypto Assets The finance ministers and central bank governors from the Group of Seven (G7) industrialized nations convened in Bonn and Königswinter, Germany, on May 18–20. Among the topics they discussed was the regulation of crypto assets following the recent market turmoil and the collapse of…
Tag: finance
DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange
The new funding included $20 million from institutional investors IV Ventures, Cobo and Mirana, among others. More than half of that total came from a voucher sale on the bond-focused Solv Protocol. iZUMi also sold $4 million BUSD worth of the vouchers and an additional 5,000 in BNB, which is equivalent to about $2 million. Source
What is Compound fork Hundred Finance and can it regain momentum?
On March 15, the lending protocol Hundred Finance was hacked on the Gnosis chain, losing 2,363 ETH. Immediately, Hundred Finance paused all markets on the chain. Prior to the hack, Hundred Finance was a relatively small DeFi protocol on Gnosis, with highest $313M TVL. As a fork of Compound, its features were nothing special. However, its multi-chain deployment gives it a place to grow. After the hack, all that was shaken. TVL dropped to 30% within one month. But Hundred Finance is still kicking. What exactly is this project and …
Crypto Should Meet Same Norms as Regular Finance, G7 Says
Finance ministers want to see financial-stability and money-laundering standards in effect soon. Source
This is why Bitcoin should reach $10 million a coin – Paul Sztorc
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Paul Sztorc, an independent Bitcoiner, discusses his outlook for Bitcoin’s growth potential with David Lin, anchor for Kitco News at the Miami Bitcoin 2022 conference. Sponsored by: CoinPayments. Visit: Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Paul Sztorc on Twitter: @Truthcoin ( 0:00 – Bitcoin maximalism 5:15 – Bitcoin’s fair value 8:40 – Economic problems 10:36 – Crypto winter 11:53 – Bitcoin vs altcoins 12;50 – Soft fork #Bitcoin #crypto #investing __________________________________________________________________ Kitco News…
G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
“In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board)…to advance the swift development and implementation of consistent and comprehensive regulation,” the ministers wrote in a draft communique seen by Reuters Source
Charles Stanton, CMO Bondly Finance on Rebranding to Forj Network
Bondly Finance and Animoca Brands have recently announced Bondly Finance’s rebrand to Forj. Previously the brand has led the way in the NFT space through several innovative partnerships and today we’re speaking directly to Charles Stanton, the Chief Marketing Office at Forj to learn more about the launch, what changes we can expect and how Forj is ultimately focusing on simplifying Web3 and forging strong fan and creator partnerships. Interestingly the launch is a result of an extensive rebrand undertaken over the course of the past six months led by leading brand…
Curve Finance Proposes to End CRV Token Emissions on All UST Pools
4pool was launched in early April and is composed of two decentralized stablecoins, UST and Frax Finance’s FRAX, and two centralized stablecoins, USD Coin (USDC) and Tether (USDT). Vocal backers included Terra’s Kwon, who even tweeted that the 4pool’s “goal is to starve 3pool,” the biggest Curve pool. Source
Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says – Finance Bitcoin News
The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. Russian Digital Financial Assets Likely to Appear by Year’s End Authorized Russian blockchain platforms may issue their first digital financial assets (DFAs) by the end of 2022, according to the head of the parliamentary committee overseeing Russia’s financial sector, Anatoly Aksakov. Speaking during…
Dutch Finance Official Wants to Ban Retail Investors From Trading Crypto Derivatives
“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Source