Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The...Continue Reading

The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals. Cryptocurrency exchange Crypto.com has reportedly reduced the scale of many of its sponsorship deals with sports organizations amid staff cuts and the market downturn. According to an...Continue Reading

The exchange alleges a 49% increase in user sign-ups across the Middle East and Northern Africa (MENA) region. Blockchain exchange Binance has reported an increase in user growth across the Middle East and Northern Africa (MENA) region, alleging a 49% surge in user sign-ups so far in 2022.  According to the exchange, this growth indicates...Continue Reading

Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes. The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared...Continue Reading

Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced options for repayment. Creditors from the defunct crypto exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan to compensate them for their losses. According...Continue Reading

The popularity of decentralized finance played an integral role in the launch of MetaMask Institutional as companies looked to safely enter the space. MetaMask is arguably one of the most well-known self-custodial Ethereum software wallets in the cryptocurrency ecosystem, with its signature Orange Fox avatar plug-in acting as a portal to the world of Ether...Continue Reading

Want to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yachts worth of money in lawyer fees for their chance at crypto justice. In practice, the majority of victims of international blockchain scams...Continue Reading

India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project. The Reserve Bank of India (RBI) has outlined the proposed features and reasoning behind its in-development central bank digital currency (CBDC) in a 51-page note published on Oct. 7. The country’s central bank...Continue Reading

Bitcoin decoupled with the stock market and saw its correlation with gold rise to a level not seen since last year. Bitcoin and gold are no longer investors’ primary choices as inflation hedges amid the strengthening United States dollars. The current turmoil in financial markets added to the geopolitical tensions has run havoc on the...Continue Reading

Simone Binotto Torre explained that some parameters like geography can make it difficult for crypto cards to have broader adoption. At the Blockchain Economy Dubai Summit 2022, Cointelegraph spoke with Codego CEO Simone Binotto Torre about crypto cards. During the talk, the executive argued that one of the catalysts for broader adoption is the simple...Continue Reading