Sovryn, a project aiming to bring decentralized finance (DeFi) to Bitcoin, has surpassed $50 million in total value locked (TVL). According to data tracking site DeFi Llama, the non-custodial, smart contract-based system for bitcoin lending, borrowing, and margin trading has seen an uptick in its TVL from just under $45 mln at the end of […]
Category: STO News
India Reverses Crypto Stance, Considers Classifying Bitcoin As An Asset Class: Report
After years of India’s hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India’s Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin’s classification as an asset class. […]
BIS Declares Bitcoin an Asset Class Needing Stricter Capital Requirements by Banks But Lower to Hold Stablecoins
The Basel Committee on Banking Supervision, which sets international banking standards, said on Thursday that the banking industry faces increased risks from crypto-assets and needs tough capital requirements to hold Bitcoin and other cryptocurrencies. In its report, BIS talked about the consultation on the prudential treatment of crypto-asset exposures, where it noted crypto assets’ potential […]
Interactive Brokers, with 1.3 Million Clients, to Offer Direct Crypto Trading on Customer Demand
Interactive Brokers is expecting to offer cryptocurrency trading by the end of the summer, revealed Thomas Peterffy, the firm’s chairman and CEO, during the Piper Sandler Global Exchange and FinTech Conference. The company first started offering access to cryptocurrency when bitcoin futures began trading on the CME in December 2017. Peterffy said at the conference […]
Where to buy HODL coin today after the cryptocurrency surges
HODL is one of the hottest cryptos of the last few days. In this article, we explain what the HODL crypto project is all about, the benefits of ‘hodling’ HODL crypto, and the best places to buy HODL coin online. Simply scroll down this page to get involved in one of the hottest cryptocurrency trends […]
Ledger Raises $380M In Funding Round, Hits Unicorn Status As Now Valued At $1.5 Billion
Crypto hardware wallet maker Ledger has closed a $380 million funding round shooting the startup to a valuation of more than $1.5 billion. The funding was led by the digital assets fund, 10T Fund, alongside other notable investors including Tekne Capital, Felix Capital, Uphold Ventures, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies. Ledger To […]
Central Bank of France and Switzerland Runs Cross-Border CBDC Trial in ‘Project Jura’
The Banque de France and the Swiss National Bank are working with a private sector consortium for the trial of a central bank digital currency (CBDC) in a project dubbed Jura. The two central banks are collaborating with BIS Innovation Hub along with a group of partners, including Accenture, Credit Suisse, R3, SIX Digital Exchange, […]
Is Amazon Making Moves to Dominate the DeFi Space?
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Amazon recently listed a job ad seeking a profile that can integrate blockchain into its global e-commerce network. On top of its tentative digital currency project, Amazon is making key moves to enact the […]
Investing in Elrond (EGLD) – Everything you Need to Know
What is Elrond? Elrond perfectly sums up what it stands for, “A highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy.” Founded back in 2017, the Elrond network aims to provide faster and cost-effective transactions via smart contracts operated by a distributed network of computers. Brothers […]
IRS Urges Congress To Enforce Stricter Crypto Compliance, Addresses Tax Evasion
The U.S Internal Revenue Service (IRS) is bent on taking steps to crack down on cryptocurrency markets and transactions as it called out lawmakers to address tax evasion. IRS Wants $32M in Funding To Pursue Tax Evasion The IRS also requires funding to the tune of $32 million to pursue cryptocurrency tax evasion. The $32.3 […]
