Finance officials from both sides of the globe are taking the opportunity to criticize the value and utility of cryptocurrencies as media focus intensifies on the space following Coinbase’s direct listing on the Nasdaq. Bank of Korea governor Lee Ju-yeol said cryptocurrencies had “considerable limitations” as a method of payment, following a monetary policy meeting on Thursday, … [Read more...] about Finance officials pour cold water on cryptocurrency amid Coinbase celebrations
Finance
Reef Finance unveils basket product tied to DeFi investments
Reef Finance, a multi-chain liquidity provider, is giving clients a way to gain exposure to DeFi tokens and other digital assets through an ETF-like investment product. One-click and they are instantly exposed to multiple DeFi products, thus taking part in the recent crypto surge.Dubbed ‘Reef Baskets,’ the new vehicle allows users to avoid the brunt of investing in multiple … [Read more...] about Reef Finance unveils basket product tied to DeFi investments
Yearn Finance reveals ‘Coordinape’ decentralized grant distribution platform
Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance. Yearn founder Andre Cronje — who said in an interview with Cointelegraph that he no longer takes part in Yearn’s “day to day” … [Read more...] about Yearn Finance reveals ‘Coordinape’ decentralized grant distribution platform
Volatility derivatives project Volmex Finance attracts backing from VC giants
A number of venture capital giants have completed a financing round for Ethereum-based volatility and derivatives protocol Volmex Finance.According to a March 17 announcement from Volmex Labs, the financing round was contributed to by several leading decentralized finance venture capital firms including Alameda Research, Three Arrows Capital, Robot Ventures, CMS Holdings, IOSG … [Read more...] about Volatility derivatives project Volmex Finance attracts backing from VC giants
Strong fundamentals push Dego Finance, Orbs and Harmony (ONE) price higher
Bitcoin (BTC) has continued to challenge the status of legacy markets as the market capitalization of the digital asset surpassed the combined market cap of Visa and Mastercard ($871 billion). Bitcoin’s $1.15 trillion market capitalization has also overtaken the combined value of JPMorgan Chase, Bank of America and the Industrial and Commercial Bank of China, which are the … [Read more...] about Strong fundamentals push Dego Finance, Orbs and Harmony (ONE) price higher