Wrapped Bitcoin supply drops to negative after 11,500 token burn
After the second-largest single-day burn of 11,500 Wrapped Bitcoin (wBTC) on February 27, the supply of wrapped Bitcoin (wBTC) fell to its lowest level since May 2021. 11,500 WBTC worth a total of $260 million were burned, resulting in a negative growth rate for the now-defunct crypto lender Celsius. With a monthly growth rate of […]
UAE Emirate to launch free zone for digital, virtual assets
One of the UAE Emirate’s Ras Al Khaimah (RAK) is set to launch a free-trade zone for digital and virtual assets where entrepreneurs have total ownership of their businesses, and different regulatory frameworks and tax schemes. While the nation’s approach to the industry continues to draw in international crypto players, Ras Al Khaimah, one of […]
Trezor to start producing chips for its hardware wallets
Hardware wallet maker Trezor wants to start manufacturing its own wallet silicon chips, for use in its hardware wallet devices. On February 27, Trezor formally stated that it would begin facilitating the production of its own crucial part, the chip wrapper, for use in its flagship device, the Trezor Model T. The action intends to […]
LFi: A Decentralized Platform for Financial Independence
Financial independence is a crucial aspect of life and should be accessible to everyone, regardless of their wealth, experience, or location. The traditional financial system often falls short in providing accessible and transparent financial opportunities, which is why a new financial ecosystem has emerged – the decentralized finance (DeFi) space. LFi stands for Layered Financial […]
Alchemy Pay receives license in Indonesia
Alchemy Pay has secured a license from the Indonesian central bank to run fund transfers and remittances in collaboration with regional fintech company Berkah Digital Pembayaran. The licenses, which the Indonesian central bank granted jointly to Alchemy Pay and Berkah Digital’s platform BDPay, allowed the companies to offer improved payout ways and lower associated operating […]