finance

What is the FATF Guidance on DeFi?

Share some Bitpinas love:By Hans DoringoThe Financial Action Task Force (FATF), an intergovernmental anti-money laundering watchdog, released last October 28, 2021, revisions and updates to its virtual asset guidance for virtual asset service providers (VASPs) which was first issued in 2019.In keeping with the feedback and reviews concerning the uncertainty of how the FATF would apply its VASP standards to decentralized finance (DeFi), the body proceeded on finalizing the guidance during its plenary meeting that lasted until October. The updated version of the guidance includes clarifications on FATF’s proposal to

Christine Rankin and Viktor Fritzén Join CoinShares as Non-Executive Directors

Europe’s largest digital asset management firm, CoinShares announced the appointment of Christine Rankin, a former partner at PWC, and Viktor Fritzén, former corporate finance analyst at Goldman Sachs, as independent non-executive directors of the company today.The newly appointed independent non-executive directors have extensive experience in the global financial sector. CoinShares aims to expand its operations and services in the future.In her career, Rankin held key positions at some of the leading organizations in the world. Currently, she holds the position of Senior Vice President, Corporate Control of Veoneer, a worldwide

Brazilian Federal Deputy Proposes Crypto Payment Option for Workers

Brazilian Federal Deputy and congressman Luizão Goulart, has proposed a bill to make crypto a legal form of payment for workers in the public and private sector. Brazilian Federal Deputy Seeking to Legalize Crypto Remunerations Goulart’s proposal is looking to establish a new law that will allow all Brazilian workers to have an option to request their wages and salaries from their employers, in cryptocurrencies. But the bill warrants crypto payments to be made only after a mutual agreement has been reached between the workers and the employer. The translated version

New Slate of Speakers Announced for the 2021 Global Wellness Summit Reveals the Depth and Diversity of Disruption Underway in Health and Wellness

A diverse array of scientists, doctors, technologists and startup founders will keynote on the new concepts in health and wellness they’re busy inventing–shaking up everything from healthcare to higher education MIAMI (PRWEB) November 03, 2021 The 2021 Global Wellness Summit’s theme is “A New New Era in Health & Wellness”–and the numerous keynote speakers announced today powerfully illustrate that we are indeed entering an unprecedented time of wellness disruption and creativity. A diverse array of scientists, doctors, technologists and startup founders will keynote on the new concepts in health and

Breaking: BitMex becomes the first carbon neutral crypto exchange

BitMex has come through following its commitment to go carbon neutral, becoming the first crypto exchange to enable carbon-neutral blockchain transactions. The platform has announced that they have spent $100,000 on the purchase of 7,110 tonnes of CO2 credits to cover the environmental footprint of BitMex’s Bitcoin transactions, along with the servers powering the platform for the next year. BitMex has further revealed its plans for the amalgamation of cryptocurrency technologies and environment conservation methods as the exchange understands that merely purchasing CO2 Credits will not be enough in the

CoreStarter aims to revolutionize cryptocurrency projects fundraising

There’s no doubt that launchpads have altered the fundraising model for decentralized finance projects. Before the advent of crypto launchpads, entrepreneurs launched their projects by creating websites. This model didn’t quite turn out well because these projects were incapable of raising enough cash to kickstart operations. This is how cryptocurrency launchpads emerged. CoreStarter is the First-Ever cryptocurrency launchpad with a mission to break the barrier of rewarding high stakers and neglecting small investors. CoreStarter is a cross-chain fundraising platform built on Solana, with Ethereum, Binance, Cardano, and Polkadot blockchains to

Trusted Node Hits Over $31 Million TVL In Two Weeks as Adoption Grows

Trusted Node has now recorded over $31 million TVL in about two weeks of operation. The validator network created by the ex-CEO of Bitcoin.com, one of the leading websites in the crypto space, has seen tremendous success since its launch. Trusted Node has opened up a pathway for users in the space to reap the rewards associated with proof of stake networks without having to worry about any of the barriers to entry. This unique service offered by Trusted Node has made it a beloved project in the space. Trusted

How to Best Protect Your Money From Hackers as Crypto Markets Boom

“I got hacked and don’t even know how it happened,” mourned one crypto user on Twitter. “I left my wallet open in my browser on MetaMask and they got into my wallet. Lost all saitama, floki and hokk.”Sponsored Sponsored A small crypto investor, @ltjyaussie says he has always been careful with wallet security issues but did not know what hit him this time around. The Cyprus-based investor was a victim of a systematic attack. Against all his perceived defenses, he still got taken for a ride. He’s just one of

1INCH Explodes Over 100% As Crypto Exchange Upbit Announces Listing

1INCH has exploded over 100% in price following an announcement from Korean crypto exchange Upbit that it would be launching support for the altcoin. At the time of writing, 1INCH is trading at $5.59, up 35% in the last 24 hours according to CoinMarketCap. However, at one point, 1INCH had reached as far as $8.65 after running all the way up from $4.11 for a 110% rally. 1inch is a decentralized exchange aggregator (DEX) that uses an algorithm to help users find the best possible trading prices for tokens. Rather

Bitcoin’s ‘potentially serious implications’ on future of investment, global finance

Crypto demand skyrocketed as inflation fears grip the market and governments continue to print more money. It is noteworthy that the US inflation picture remains worrying with the rate recently hitting a 13-year high of 5.4%. U.S. Debt Apart from these concerns, the U.S. debt is piling up. In a recent commentary piece, Avik Roy estimated the extent of debt in the US and how Bitcoin adoption can change it. He explained, “The single largest holder of U.S. debt is the U.S. government.” The situation is set to worsen, according

DeFi Deep Dive — Covalent, Blockchain Data Unifier

One of the problems facing Web 3.0 is the unification of scattered decentralized networks. Covalent is addressing this issue. It gives developers access to smart contract data to survey the entire blockchain ecosystem.Sponsored Sponsored Covalent makes it easier for investors to glean insights and performance of digital assets. This is done through its unified API (application programming interface) that indexes blockchains. These range from NFTs to DeFi protocols. A brief history Ganesh Swami and Levi Aul started Covalent, expanding to a 35-person team. Across all personnel, they have extensive cumulative