Author: Crypto Insider

On December 15, the Global Distributed Cloud Storage Summit (DCS 2021), a prominent blockchain event with over 20,000 delegates, was officially started at the Abu Dhabi National Exhibition Centre in the United Arab Emirates. Right in the heart of the UAE, this summit is a blockchain festival drawing in the best-in-blockchain industry from around the…

Dubai Multi Commodities Centre’s (DMCC) new crypto-focused Future of Trade report highlights growing opportunities for global trade’s $260.9 billion decentralized finance (DeFi) sector. Focused on DeFi, the report examines the key opportunities and challenges that the growing technology faces and how DeFi can bolster global trade. The thought leadership report series of DMCC – the…

Breaking crypto news from the last week (Dec. 11 – 17, 2021): Dec. 11: The International Monetary Fund (IMF) called for a “comprehensive, consistent, and coordinated” approach  to harness the benefits of crypto’s underlying technology while mitigating its risks. The fund plans to work closely with the Financial Stability Board (FSB) and other members of…

The CNBC Millionaire Survey results show that 83% of millennial millionaires own crypto. Furthermore, 48% state they would be adding to their holdings in 2022. Meanwhile, baby boomers and Gen X are few investing in crypto. A new report released by CNBC shows that millennial millionaires are planning to add more cryptocurrency to their portfolios…

Ethereum scaling project Polygon and Seven Seven Six, Reddit co-founder Alexis Ohanian’s venture capital firm, have jointly launched a $200 million initiative to invest in Web3 social media and gaming projects. On Friday, Polygon and Alexis Ohanian’s VC firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social…

One of Ukraine’s oldest commercial banks, Tascombank, is launching a Stellar-based pilot for an electronic hryvnia, a digital version of Ukraine’s national fiat currency. The pilot, supported by Ukraine’s Ministry of Digital Transformation, will test an electronic hryvnia in handling payroll for public employees along with peer-to-peer and merchant payments. In a statement published Tuesday,…