US federal agencies release joint statement on crypto asset risks and safe practices

    The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks. United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the…

    Dubai’s innovator, ICICB Group, reveals its blockchain-based services

    ICICB, a Dubai-based investment holding company, has announced a series of new innovative services, including the ICICB Chain, ICICB Metaverse, and ICICB Bank. Established in 2019, the ICICB Group sees its mission to be at the forefront of digital transformation worldwide and now has more than a hundred branch offices in over 26 countries. In…

    DeFi in 5 years can be 100 times larger than today

    The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable, as predicts Artem Tolkachev on Cointelegraph. Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has…

    Banking heavyweights oppose strict Basel rules for holding crypto capital

    A forum of some of the largest U.S. and European banks, including JPMorgan Chase and Deutsche Bank, has urged modifications to the rules proposed by the world’s central banks and regulators for capital requirements on Bitcoin exposure. Banking bosses from the largest financial institutions in the U.S. and Europe have voiced their opposition to the…

    DeFi to disrupt the current financial system

    Decentralized finance (DeFi) has become a billion-dollar crypto industry, causing a wave of global disruption in financial markets. The benefits of this open, flexible, fast, and transparent ecosystem is describing by Dr. Donald Basile, the CEO of Roman DBDR and Monsoon Blockchain Corporation. Born by the evolution of the crypto space, the DeFi movement is…