Harmony plans to merge traditional finance and DeFi with its hackathon
Harmony believes that DeFi has a lot to learn from traditional finance, $1M has been set aside for the hackathon which will run for roughly six weeks and includes four challenges from three different categories. The Harmony blockchain has launched registration for a hackathon that will take place next month and will include over $1 […]
Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]
Financial agencies in the US will meet to discuss the future of stablecoins
The need to regulate stablecoins is gradually becoming a general thing, earlier on Japan had called for a regulation on stablecoins. Now the US intend to discuss the regulation of stablecoins, and its potential benefits and risks. Janet L. Yellen, the United States Secretary of the Treasury, announced intentions to convene the President’s Working Group […]
Malaysia destroys Bitcoin mining equipment owned by illegal miners
Malaysian authorities has destroyed crypto mining equipment which was seized from people who were illegally mining crypto and at the same time using stolen electricity. Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. Police in the city of Miri on the island of Borneo and […]
Polkadot partners with Diem blockchain app
The cooperation, according to Pontem CEO Boris Povod, aims to improve Polkadot’s current node infrastructure, with Pinknode delivering “reliable and secure API endpoints.” A partnership between Pinknode, a provider of node infrastructure, and the decentralised application attempting to connect Facebook’s Diem blockchain with public networks has been announced. Announcing its partnership with Pinknode on Friday, […]