DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi...Continue Reading

Bitcoin buyers may get a chance to “load up” below $22,000 on the back of employment statistics. Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Think again” over U.S. recession Data from Cointelegraph Markets...Continue Reading

According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets. The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues in a new blog post from Binance banning the latter...Continue Reading

Economic bubbles occur when the price of an asset, such as stocks or real estate, is driven up artificially and becomes disconnected from its underlying value. An economic bubble is a time of fast economic expansion that is driven by speculative enthusiasm and excessively high asset prices. A bubble is characterized by an increase in...Continue Reading

There may be no single reason for BTC’s 39% January price gain, but some suspect institutional investors. Can their impact be quantified, though? Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head...Continue Reading

The national regulators propose to distinguish four major types of products related to the crypto industry. Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry.  On Feb. 3, the Australian Treasury...Continue Reading

The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines. Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral. ...Continue Reading

With new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi. Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax. Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting...Continue Reading

The billionaire has historically gone back and forth between having positive and negative sentiments around Bitcoin. While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic.  In a...Continue Reading

Bitcoin price gains take a hit from a rising U.S. dollar as excitement over the Fed’s rate hike and market commentary fades. Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets...Continue Reading