Tag: finance

pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

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One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact.  As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liquid staking options that allow token holders to tap into the value held in their staked tokens while still earning…

Russia’s Finance Ministry introduces digital currency bill, brushes off central bank’s objections

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Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank (CBR) by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Monday, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction to the parliament for consideration. The agency cited the “formation of a legal marketplace for digital currencies, along with determining rules for their circulation and range of participants” as the…

Bulgarian Stock Exchange Launches 8 Crypto ETNs – Finance Bitcoin News

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Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has started trading crypto instruments tracking the price rates of bitcoin (BTC) and ethereum (ETH). “Investors looking for suitable innovative crypto products may now freely trade in eight crypto exchange-traded notes (ETNs),” according to an announcement published this past…

Alium Finance Introducing Hybrid DEX Liquidity to Address Liquidity Limitations, Trade Your Favorite Crypto With Unlimited Liquidity – Press release Bitcoin News

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press release PRESS RELEASE. Using the latest Developments on the Decentralized Finance Market Alium introduces the Hybrid Liquidity Model, allowing users to trade almost any crypto using the Liquidity available both on Alium and the rest of the DeFi market. Hybrid liquidity allows traders to use both Liquidities available on Alium and on most of the major exchanges using the algorithm to pick the best price available all in one place. This makes Alium a perfect DeFi hub with quite a few Networks (BSC, HECO, MATIC, ETH, FTM, and METIS)…

Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills – Regulation Bitcoin News

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The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New Crypto Legislation Russia’s finance ministry has started drafting two new bills to comprehensively regulate cryptocurrencies and related activities in the country. The treasury department proposes a new law “On Digital Currency” and a bill to…

Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki

Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance. From last November to this February, Composable Finance raised over $167 million through seed funding, as well as crowdloan auctions on the Polkadot (DOT) and Kusama (KSM) parachains. Over 9,000 participants contributed to the DOT crowdloan alone.  As told by zachxbt, who cited documents from the U.S. Securities and Exchange Commission, or SEC, Omar Zaki, then a…

Exec at Composable Finance allegedly doxed as Omar Zaki

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Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance. From last November to this February, Composable Finance raised over $167 million through seed funding, as well as crowdloan auctions on the Polkadot (DOT) and Kusama (KSM) parachains. Over 9,000 participants contributed to the DOT crowdloan alone.  zachxbt cited documents from the U.S. Securities and Exchange Commission, or SEC, which show that Omar Zaki, then a 21-year-old New…

How Ray.sX Builds an Open Apps Marketplace for the World of Decentralized Finance

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The DeFi market capitalization in 2021 reached $170 billion. At the same time, the opportunities of many decentralized platforms are still limited. Currently, DEXs have only a basic set of services for users, such as growing liquidity or lending. However, the potential of the DeFi market is much greater than what is presented now, and the founders of the Ray.sX project prove this. They have created their own open marketplace for DEX apps where anyone can offer their product or service for the DeFi market. New tools for the DeFi…