Month: May 2021

Blockchain Could Be a “Threat to Fidelity Investments”

The head of Fidelity Institutional, Mike Durbin, has said that blockchain could end up posing an “existential threat” to what the company does. While speaking to The Block’s Frank Chaparro at Consensus 2021, Durbin pointed out that Fidelity Institutional was primed to reap the benefits of efficiency that come with adopting blockchain technology. However, the …

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SafeMoon Launches New Wallet With Simplex For Greater Security

 SAFEMOON has seen its price rise by 1,550% since the start of March. What is SafeMoon? SafeMoon is a community-driven, fair-launched token and the fastest-growing decentralised finance (DeFi) token on Binance Smart Chain. The project announced this week it had partnered with crypto infrastructure provider Simplex to offer streamlined and integrated SafeMoon wallets. The partnership …

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Fed Reserve and Bank of England Chiefs Criticise Crypto

Atlanta Federal Reserve President Raphael Bostic believes the cryptocurrency sector deserves attention, especially now that the market has been dramatic. Atlanta Federal Reserve President Raphael Bostic has spoken about the fast-evolving cryptocurrency sector, saying it shouldn’t be ignored. The Federal Reserve official yesterday noted the significant developments in the FinTech space, adding that crypto couldn’t …

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Lawrence Summers: Cryptocurrencies Are Here to Stay

The former chief economist at the World Bank, Lawrence Summers, has backed cryptocurrencies like Bitcoin, saying they are likely to remain relevant for the foreseeable future. Economics expert Lawrence Summers has expressed his views on cryptocurrencies and their impact on the current financial systems. Summers, who briefly served as Treasury Secretary under President Clinton, is …

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eToro Adds Decentraland, Compound, Aave And Yearn.Finance – Here’s How to Buy

Following last week’s market-wide crash, many investors are looking to buy the dip, with MANA, COMP, AAVE and YFI performing particularly strongly yesterday. Where can I buy Decentraland, Compound, Aave and yearn.finance? eToro just added MANA, COMP, AAVE and YFI to its wide range of available cryptocurrencies and it also offers lots of stocks and …

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DeFi Tokens Plunge Amid Another Crypto Crash on Sunday

Top DeFi projects recorded massive price and TVL dips yesterday. The weekend’s cryptocurrency market crash extended into the decentralised finance (DeFi) sector, impacting many projects in the process. Before yesterday, many DeFi tokens had survived the bloodbath in the market that saw crypto assets tumble. Things changed yesterday when selling pressure overwhelmed top DeFi protocols. …

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