High-Risk DeFi Loans Spike Post-US Election Amid Crypto Market Rally
High-risk DeFi loans have skyrocketed since the US election, just months after Curve’s founder was liquidated for over $100 million. The value of cryptocurrency loans is rapidly increasing, possibly signaling a cautionary trend for crypto markets amid investor optimism following the U.S. presidential election. Data from IntoTheBlock shared in a Nov. 6 post on X […]
Swift, UBS, & Chainlink Pilot Tokenized Fund Settlement
Swift, UBS, and Chainlink seek to transform traditional finance by incorporating blockchain into tokenized fund processes. In a significant advancement under the Monetary Authority of Singapore’s (MAS) Project Guardian, Swift, UBS Asset Management, and the blockchain oracle network Chainlink have completed a pilot focused on tokenized fund settlements. This pilot employs Swift’s extensive financial messaging […]
Binance Founder CZ Highlights Global Progress in Crypto Regulation
Changpeng Zhao calls crypto rules and governmental push for cryptocurrencies a “very positive direction” for the industry. Changpeng “CZ” Zhao, co-founder and former CEO of Binance, expressed optimism about the future of cryptocurrency regulation globally, particularly in light of the upcoming U.S. presidential election. In his first public address since his release from prison, Zhao […]
Asia Leads in Crypto Developers as US Decline
The geographic distribution of crypto developers frequently indicates the regions most positioned to drive future blockchain innovation. A recent report reveals that Asia has surpassed North America as the leading region for cryptocurrency and blockchain development talent. As of 2024, Asia accounts for 32% of global cryptocurrency developers, up from 13% in 2015, positioning it as […]
Libeara, FundBridge Introduce Onchain US Treasurys Fund
Libeara and FundBridge Capital’s Ultra Fund brings US Treasury investments onchain, strengthening blockchain finance. Libeara, a blockchain-based asset tokenization platform, and FundBridge Capital, an infrastructure provider for fund management, have introduced a tokenized U.S. Treasurys fund on a public blockchain. The fund, named the “Delta Wellington Ultra Short Treasury On-Chain Fund” or “Ultra Fund,” provides […]