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Will Banks Embrace Decentralised Finance?
Date: April 20, 2022
As decentralised finance (DeFi) evolves, it is attracting the attention of traditional (centralised) banks. Here Rivo Uibo, Co-founder and Chief Business Officer at Tuum explores the rise of cryptocurrencies and DeFi and looks at why and how banks are beginning to get involved and the potential gains to be had by banks’ involvement. The last...
European Crypto Industry Steps up Efforts to Influence EU Policy
Date: April 19, 2022
By Elizabeth Howcroft LONDON (Reuters) – More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised finance platforms. The European Union, like countries and jurisdictions across the globe, is working to tame the freewheeling...
Cryptoverse: Gold Coins Glimmer Amid the Global Gloom
Date: April 19, 2022
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped...
Business and Predictions in the Digital Age
Date: April 18, 2022
By Michael Kodari, CEO of KOSEC – Kodari Securities Decentralised finance (DeFi) In recent times, de-centralised Finance (DeFi) has become a hotbed of new investor activity, yet increasingly, it is also facing mounting interest from regulators curious to understand and incorporate its benefits. Generally speaking, De-centralised Finance (DeFi) is a concept emerging from blockchain utility,...
Midlands Accountants Discuss the Brutal Truth About Cryptocurrencies
Date: April 18, 2022
By Glen Callow, managing director of Prime Wealth – the financial planning arm of Prime Accountants Group Accountants at a leading Midlands practice have urged caution about the volatile nature and unpredictability around the growing phenomenon of cryptocurrencies and non-fungible tokens (NFTs). While digital tokens, cryptocurrencies and blockchain-based business models are here to stay, Glen...
Overcoming the Money Laundering Risks Posed by Decentralized Finance
Date: April 18, 2022
By Edward Moss, Head of Market Research, and Deleep Nair, Solution Engineering, Symphony AyasdiAI Successful criminals have always led the way in clever and consistently effective ways to launder cash, so it’s not surprising they’ve now turned their attention to exploiting the new classes of digital currencies, networks and assets. The growth of criminal activities...