Search Results for: Finance

Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research

The Monetary Authority of Singapore (MAS) has teamed up with the National Research Foundation, and the National University of Singapore to set up a research institute that will develop and support the needs of digital financial services in Asia.  Jointly developed by the three entities, the Asian Institute of Digital Finance (AIDF) will strengthen education, … Continue reading Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research

Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have introduced a bill that highlights the adoption of digital securities as a crucial element of Germany’s blockchain strategy. Germany’s official blockchain strategy will feature the adoption of digital securities at its core according to a new draft bill … Continue reading Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch

Yearn.finance (YFI) token has seen a new all-time high, reaching $39,600 on Binance, just a day after its previous new high of $38,000. The Yearn.finance token has recently surged 25 percent, reaching a new all-time high today.  At press time, the YFI token has retraced slightly as Yearn bears take over, trading at $34,000. With … Continue reading Yearn Finance (YFI) Surges to 3X the Value of Bitcoin, Reaching Another All-Time High in Anticipation of yETH launch

Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, its core product. The yETH vault enables the process of seeking the best returns for yield farmers, pooling funds to reduce Ethereum gas fees.  Yield farming in the DeFi space has been seeing a growth in popularity, as crypto whales have been leveraging DeFi … Continue reading Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%

The rapid surge in the DeFi sector’s popularity has led to a few downfalls, including numerous unaudited protocols in the past few months. Although the DeFi sector has attracted millions to billions of dollars worth of cryptocurrencies to the industry, some protocols have shown problems with their smart contracts. Taking a look at the issues … Continue reading DeFi’s Smart Contract Risks: Cream Finance’s Input Error Led to CREAM Token Plunging 25%

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

The European Commission (EC) has officially unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience. The EC’s proposed regulatory framework seeks to offer more clarity about the crypto space in its member states. Stablecoins might be widely adopted The proposal stipulates the urge for a sound legal framework for … Continue reading European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Andre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance, which has still yet to launch. Although Eminence Finance has no website and has not officially launched yet, Yearn.finance token YFI holders have already deployed capital into the Eminence contracts.  While the Eminence … Continue reading Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Finality: A Necessary Condition for Blockchain Applications in Finance

Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT). DLTs or blockchains are an innovative assembly of existing technology concepts, for example timestamping, chaining of data blocks (initially invented by IBM in 1976) as well as consensus algorithms. The Proof of Work … Continue reading Finality: A Necessary Condition for Blockchain Applications in Finance

Yearn.finance (YFI) Plunges Again Amid Sell-Off Pressure from Strong Drop in yVault Yields

Yearn.finance (YFI) has faced a steep correction lately and has been one of the worst performers in the top 100 cryptocurrencies. Bitcoin has been able to gain 0.7 percent in the past 24 hours. YFI is currently trading at $18,009, according to CoinGecko, and has seen a 41 percent loss in the past week.  YFI, … Continue reading Yearn.finance (YFI) Plunges Again Amid Sell-Off Pressure from Strong Drop in yVault Yields

Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected

For the past few weeks, the DeFi market has seen major losses, including Yearn.finance’s YFI token, Uniswap’s UNI token, SushiSwap’s SUSHI token, and Curve’s CRV token.  Yearn.finance’s YFI token has seen multiple all-time highs this year, first surpassing Bitcoin’s value at the time, surging to over $18,000 in late August, and even reaching $39,600 in … Continue reading Yearn.Finance (YFI) Loses Over 45% in a Week, Further Correction Expected

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