Crypto-news

Stablecoins are cryptocurrencies pegged to traditional currencies in order to prevent volatility, and the financial authorities all over the globe have mixed feelings about them. On the one hand, these are still cryptocurrencies, and therefore are fraught with potential danger. On the other hand, they seem to confirm the authority of fiat currencies, so prohibiting…

Built on Polkadot, Pontem Network, a decentralized application framework, has partnered with Pinknode service provider to develop an experimental test environment for Facebook’s Diem blockchain-based payment system. It will lay the groundwork for various applications to join Diem’s network, providing decentralized finance and other features to Facebook’s users. Diem Association, the rebranded Libra cryptocurrency project…

Wall Street investment bank Goldman Sachs has filed on July 26 an application with the United States Securities & Exchange Commission (SEC) for new decentralized finance (DeFi) and blockchain-based exchange-traded fund (ETF). According to the filing, the proposed fund, called the “Goldman Sachs Innovate DeFi and Blockchain Equity ETF,” seeks to provide investment results that…

Though not one of the Gulf states, Turkey is a Muslim country with a significant influence over the entire region. And therefore, the cryptocurrency-related events there are also very important for all blockchain projects in the Middle East. On July 19, the Turkish Ministry of Treasury and Finance announced that the cryptocurrency bill is ready…

Tidal Finance, an insurance offering aimed at the growing decentralized finance (DeFi) space, announced Tuesday the launch of its mainnet and token reward system for users providing capital to its reserve pools. The platform goes live on Ethereum layer 2 network Polygon, with a subscription-based insurance model, including StaFi, Marlin, EasyFi, Xend Finance, and bZx….

After months of waiting, the initial five Kusama Parachain auctions went off without a problem. The process was conducted between June 15th and July 20th, and five winners have been chosen. Let’s take a closer look – who are they? Parachains are custom, project-specific blockchains Integrated within the Polkadot and Kusama networks. Users can customize…