Tag: finance

Crypto vs. traditional finance in 2023

Today’s investors face many options beyond stocks and bonds, with crypto vs. traditional finance becoming an increasingly common discourse. Both public and private players are constantly searching for opportunities to deploy capital into investment vehicles that yield substantial returns while posing minimal risk. However, the nature of risk appetite has evolved in the last decade with the emergence of a new asset class accessible from anywhere in the world. Before committing resources to any industry, whether it’s decentralized finance (defi) or traditional markets, investors need to understand what separates the…

Swych Finance Releases the Next Generation of Decentralized Perpetual Exchanges

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Picture a world where the traditional rules of the game don’t bind cryptocurrency trading. This is where perpetual decentralized exchanges (PDEXs) come into play, a relatively new kid on the block in the grand scheme of DeFi. The market is constantly changing, and perpetual DEXs have been a game-changer, growing their market cap beyond $2 billion. But it’s not been a walk in the park. Despite their innovative approach, these platforms have been nudging for space in a market heavily dominated by CEXs. It’s like David versus Goliath – with…

7 Real World Asset Trends in 2024 That Will Unlock the Future of Finance

These RWA trends herald a new era in finance, offering solutions to longstanding challenges. While their market capitalization may seem modest now, their transformative potential is immeasurable. Stablecoins, tokenized treasuries, decentralized private credit, physical backed NFTs, consumer brand NFTs, DeFi in climate & regenerative finance, and tokenized deposits/wholesale bank settlements are not merely trends; they are the building blocks of a more inclusive, efficient, and sustainable financial future. As we navigate 2024, these innovations will undoubtedly lead the way, unlocking unparalleled opportunities for businesses and individuals alike. Source

Finance Expert Says Explains Why XRP Is A Scam

A finance expert and Bitcoin maximalist has taken a major dig at XRP as he labeled the crypto token a “scam.” The expert outlined several reasons why he holds this opinion, although he seemed misguided in some.  Why XRP Is A “Scam” In a post shared on his X (formerly Twitter) platform, finance expert Rajat Soni mentioned XRP not being decentralized as one of the reasons he believes the crypto token is a scam. He seemed to suggest that Ripple Labs solely controlled the XRP Ledger as he noted that…

RWA Protocol Ondo Finance Expands Tokenized Treasury Offerings to the Solana (SOL) Network and DeFi Apps

“The Solana DeFi ecosystem has demonstrated great resilience and growth potential, thanks to its innovative scaling and low transaction costs,” Nathan Allman, founder and CEO of Ondo Finance, said in a statement. “Integrating Ondo’s offerings with Solana not only aligns with our strategic growth but also paves the way for novel decentralized finance applications leveraging tokenized US Treasuries, benefiting a wide array of developers and users.” Source

Blockchain adoption ‘accelerating very quickly’ in big finance — Franklin Templeton exec

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Major financial firms like JPMorgan and HSBC have ramped up their blockchain-related activities heading into 2024, accelerating the adoption of distributed ledger technology (DLT) within traditional finance.  On Nov. 3, JPMorgan executed its first decentralized finance (DeFi) trade on a public blockchain. The company rolled out programmable payments for its institutional blockchain platform, JPM Coin, on Nov. 10. Executives from JPMorgan and Apollo also unveiled plans for a tokenized enterprise mainnet on Nov. 28.  Apart from JPMorgan, the Hong Kong and Shanghai Banking Corporation (HSBC) has also been on the…

Bitcoin hits $43k, Borroe Finance nears $2.5m presale as crypto markets soar

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s Q4 surge is tied to ETF Talks, while Borroe Finance’s $ROE second presale stage hits $1.8 million. Bitcoin (BTC) has been bullish since the start of Q4 2023. Subsequently, analysts credited this state of affairs to the ongoing talks for approval of BTC Spot ETFs. On the other hand, new DeFi projects like Borroe Finance ($ROE) recorded significant progress in their presale stages. Some investors are betting on…

Ledger vulnerability put entire DApp ecosystem at risk: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw an unprecedented chain of events unfold on Dec. 14 when a malicious actor exploited a vulnerability in the Ledger hardware wallet’s connector library. The exploit put the entire decentralized application (DApp) ecosystem at risk. On-chain analysts and DApps like SushiSwap and MetaMask advised users not to interact with their wallets at all. Ledger released a patch…

Security engineer pleads guilty to Nirvana Finance exploit and one other hack

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A software engineer pleaded guilty to one count of computer fraud in connection with the hacking Nirvana Finance and an unnamed decentralized cryptocurrency exchange in the Southern District Court of New York on Dec. 14. The United States Attorney’s Office said the case was the first-ever conviction for hacking a smart contract. Shakeeb Ahmed, described as a “senior security engineer for an international technology company,” was arrested in July in connection with the hack of the unnamed exchange on or about July 2 and 3, 2022. According to the U.S.…