DeFi: Waiting For Adoption. Part 2

    Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. It’s important to note the high rankings of such…

    DeFi: Waiting For Adoption. Part 1

    Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. Bitcoin rising to $ 50,000 per token and Ether…

    Restless SEC

    The US Securities and Exchange Commission is gradually escalating its activity, trying to restrict the cryptocurrency business as much as possible and bring it under the regulatory norms typical for the stock market. On August 27, we learned that the US Securities and Exchange Commission (SEC) struck a $ 125,000 deal with AnChain.AI to monitor…

    From stablecoin to a bank: perhaps, the greatest challenge of 2021. Part 2

    A fundamentally new banking system structure may emerge sooner rather than later: the one where fiat and stablecoins, CBDC and “classical” cryptocurrencies are used on equal terms. And DeFi will compete directly and on a level playing field with centralized banking services. To understand how the banking system will change, let’s delve a little deeper…

    US getting ready to “tighten the screws” for DeFi

    A cryptocurrency amendment was introduced to the US Senate, which would greatly complicate any operations with cryptocurrencies, hitting decentralized services the hardest. And it is backed by the Joe Biden administration. There is a lot of fuss around the second cryptocurrency amendment to Joe Biden’s $ 1 trillion infrastructure bill HR 3684. On August 6,…

    The vague notion of a “Crypto Bank”

    The concept of a “crypto bank” has grown increasingly popular in recent years. It’s only natural: where there is money, there is a bank. And crypto money needs a crypto bank. But in fact, the whole thing has been rather difficult to define so far. To begin with, there are as many as four definitions…