Press Releases
NEW YORK, NEW YORK, June 21st, 2021. Woonkly Labs, the venture builder group focused on blockchain innovation, announced its latest addition to the DeFi ecosystem: DeFi.finance, the first Automated Market Maker that targets institutional investors by meeting strict regulations on Anti Money Laundering (AML) and Know Your Customer (KYC)
News
The cryptocurrency industry has been struggling with regulations for years now, and the main issue, for the most part, is that there are no crypto-specific regulations. Since digital currencies are a new asset class, they don’t exactly fit in with any existing regulations. That put pressure on the regulators
While El Salvador’s president Nayib Bukele received a lot of cheer from the crypto community when he announced that his country was moving to embrace Bitcoin as legal tender, he probably didn’t anticipate that the road to Bitcoin adoption will be laced with a lot of hurdles. In
China’s move to crush Bitcoin mining and trading is finally yielding some positive results as large mining firms are starting to exit the region in droves. One of the world’s largest crypto mining pools, BTC.com, has opted to leave China after authorities withdrew its power supply. Early
While one may have thought that hackers were done with flash loan attacks or DeFi projects have moved to evaluate their codebases, it appears the opposite is the case, and malicious attacks are still very much active in the scenes. Binance Smart Chain project “Impossible Finance” is the latest DeFi
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According to a CNBC report last week, American multinational investment bank Goldman Sachs has begun trading CME Group’s Bitcoin futures following a partnership with Galaxy Digital. As per the report, Mike Novogratz’s Galaxy Digital will act as the bank’s liquidity provider. Goldman and other financial behemoths have
A few days after tweeting about an imminent “important project” involving Bitcoin in Paraguay, Carlitos Antonio Rejala Helman, a Deputy of the Nation and Member of Congress in Paraguay, expressed his desire to introduce a new Bitcoin bill in July. In a recent tweet, Helman announced that he plans to
While China is not slowing down in its efforts to crush Bitcoin mining and trading, Miami is positioning itself to become the next crypto mining hub. Bitcoin miners who have been ousted from China could find a new home in Miami, according to the city’s mayor Francis Suarez. During
It is safe to assume that the age of Bitcoin and crypto adoption is finally upon us. In the past few months, several financial behemoths have made a foray into the crypto space, reinforcing the idea that cryptocurrencies are the future of finance. Spain’s second-largest bank, BBVA, is the
News
Bitcoin, Ethereum, Filecoin, Chia. These are among the most popular cryptocurrencies that have caught the attention of miners around the world. Each has a relatively high barrier to entry, poor sustainability, and questionable utility. What if there were a cryptocurrency that solved all of these issues? That is exactly the
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Interoperability between different blockchains and their ecosystems has been one of the primary pursuits of the crypto industry for some time now. Most believe that interoperability is one of the necessary prerequisites for blockchain to take the next step in its development. It is without exaggeration that people say that
Analysis
Blockchain technology has massive applications in almost every industry out there, and while some have accepted it with open arms, others are a bit more reserved and skeptical. Take healthcare as an example. Blockchain could do great things in healthcare according to researchers and blockchain enthusiasts, from keeping track of
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Successfully undergoing external audits is an essential part of every DeFi project on the market. Having code reviewed by top tier auditors to iron out any potential issues or vulnerabilities is critical, especially when finances are concerned. Merlin Lab, a high APY auto-compounding yield aggregator for Binance Smart Chain, successfully
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Despite the spectacular collapse the entire cryptocurrency world had to face last month, the popularity of cryptocurrency is far from behind the scenes. While banks may be more cautious while offering this asset to their clients, some of the most vivid representatives of the American and global financial system are
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Ethereum-powered Synthesis Bank aims at revolutionizing the investment banking ecosystem through its blockchain-based service. The service includes its native STB token set to launch in July 2021. The investment banking world is rapidly changing as investors look for better channels of diversification, better services, and faster processes to increase their
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Binamon is an NFT blockchain-based digital monsters network introduced in 2021, providing crypto enthusiasts with excellent income opportunities. In just 48 hours since the launch of the Binamon NFT App, users were able to burn 6% of the circulating supply in creating exclusive NFTs. Till now, over 10 million Binamon