financial services

Web-based YIELD App looks to tackle DeFi’s ‘inherent complexity’

Retail trading platform YIELD App has launched a beta version of its web platform, giving retail traders direct access to the fast-moving DeFi market.  The new platform, which is designed to simply DeFi access for the masses, registered 2,000 early users and collected $3 million during its private beta phase. Its investors include BnkToTheFuture, Alphabit …

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CeFi and DeFi will finally meet in 2021 — Let’s hope they hit it off

The decentralized finance industry undoubtedly has vast potential — the value locked in it has exploded, surpassing $14 billion this month. Though there is speculation over whether decentralized finance is yet another bubble, I believe it is here to stay. How it stays, however, is another matter that depends on how DeFi handles ongoing hacks …

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Crypto transactions must be easier. That’s it. That’s the headline

As Bitcoin’s (BTC) price continues to climb ever higher, more and more people are beginning to educate themselves on how they can enter the cryptocurrency market. However, the realities of cryptocurrency ownership (long complicated addresses, passphrases and security risks) all remain barriers to adoption for new users. Programmers and technologists generally assume a level of …

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Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer

Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start of it, as the major cryptocurrency was the first peer-to-peer digital money and represents the conceptual core underpinning DeFi. Others say — and would be technically …

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Mission-driven cryptocurrency requires an active commitment to equity

On Sept. 27, Coinbase CEO Brian Armstrong sought to center his employees’ work around the company’s core mission: “to bring economic freedom to people all over the world.” Armstrong argues for a narrow interpretation of Coinbase’s mission to build the best possible product because it is “already hugely ambitious” and because companies generally cannot succeed …

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Crypto banks are going to swallow fiat banks in 3 years — or even less

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking …

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Emerging technologies can change the African financial landscape

Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and access to financial services will play a significant role in its economic growth. The need to provide improved systems …

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Could Russia lead Eastern Europe’s crypto boom?

Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify digital assets. The new Russian legislation dubbed “On Digital Financial Assets” sets a clear direction for the treatment of cryptocurrencies by authorities and how both …

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Crypto has a chance to upgrade the legacy financial system

If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in …

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