Aave, a crypto lending platform, is currently one of Ethereum’s largest DeFi products. MakerDAO, on the other hand, facilitates the generation of DAI stablecoin. MakerDAO is planning to launch a crypto lending platform called Spark Lend to rival Aave. MakerDAO, the DAO of the giant decentralized finance (DeFi) protocol Maker and the facilitator of the […]

Las Vegas-based company Coin Cloud, known for operating over 4,000 Bitcoin ATMs across the United States and Brazil, has announced its filing for Chapter 11 bankruptcy protection.  With liabilities estimated between $100 million and $500 million, the firm’s largest creditor is Genesis Global Trading, a subsidiary of Digital Currency Group, according to the court filing. Bitcoin […]

Despite the fact that India has recently joined the race for a central bank digital currency (CBDC), the Indian government does not want to expedite its central bank digital currency (CBDC) trial. Since the Reserve Bank of India (RBI) introduced the digital rupee trial last year, India’s newly announced CBDC pilot has gathered 50,000 customers […]

Revolut has launched a robust staking service for Ethereum, Cardano, Polkadot, and Tezos. The staking service is projected to introduce millions of users into the crypto world. British financial technology startup Revolut has announced the launch of its staking service for a limited range of digital currencies. According to a report by Decrypt, the supported […]

Cardano is outperforming major blockchains

Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.

On Wednesday following the end of the markets, Robinhood disclosed its financial results for the fourth quarter. The American FinServ company claimed higher fourth-quarter sales as a result of the income surge. In the final quarter of 2022, Robinhood’s net interest revenue increased by 165% to $167 million. However, due to cautious retail traders in […]

As the United States regulators tighten their noose around cryptocurrency, rumours are swirling that the next target for the Securities and Exchange Commission (SEC) could be crypto staking for retail investors. Brian Armstrong, the CEO of Coinbase exchange, shared the same on Twitter Thursday. Banning Crypto Staking Would Be A “Terrible Path” For U.S. U.S. […]