Tag "decentralized finance (DeFi)"
BIS, France, Singapore, and Switzerland Report Success in Cross-Border Wholesale CBDCs Test
The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, have concluded “Project Mariana“. This project examined the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) using state-of-the-art decentralized finance
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Singapore’s FSI Sector Eyes Significant Investments in ESG, Embedded Finance and Defi
In Singapore, c-suite and senior finance executives are planning to invest significantly in embedded finance, environmental, social and governance (ESG) frameworks, and blockchain-related innovations in 2023, confident that these technologies will create new growth opportunities and provide them with an
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2022’s Devastating Crypto Breaches: Multi-Million Dollar Hacks Shake the Industry
Several high-profile cryptocurrency hacks occurred in 2022, causing significant financial losses for businesses and individuals who held digital assets. According to a recent analysis, the estimated loss from these attacks was a staggering US$3.8 billion, making it the biggest year
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Crypto Lessons From 2022 The Industry Should Avoid in 2023
As any crypto industry observer surely knows, 2022 was one of the most turbulent years since Bitcoin hit mainstream notoriety and digital asset markets became a sphere of interest for fintech companies and private investors alike. The early part of
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DeFi Industry Shows Resilience In Spite of Crypto Market Slump
Despite an ongoing crypto winter, the global decentralized finance (DeFi) market has remained strong and resilient, maintaining its dynamism with sustained venture capital (VC) funding activity, increased user adoption, and encouraging signs of institutional interest, a new report by HashKey
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While Retail Crypto Is Bearish, Institutional DeFi Picks Up Steam
Institutional decentralized finance (DeFi), a trend that refers to the combination of DeFi software protocols with appropriate safeguards to ensure financial integrity, regulatory compliance and customer protection, is a fast-growing sector that’s emerging on the back of accelerated product innovation,
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DBS Tests DeFi-Enabled FX and Government Securities Live Trades With MAS
DBS announced that it is testing the trading of foreign exchange and government securities using permissioned DeFi liquidity pools on public blockchain as part of Monetary Authority of Singapore’s (MAS) Project Guardian. The trade involved the outright purchase and sale of
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Singapore, France and Switzerland to Collaborate on Wholesale CBDC Project
BIS Innovation Hub is launching a project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Dubbed Project Mariana, it explores automated market makers (AMM) for cross-border exchanges of the hypothetical
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Visa: More Than One Third of APAC Consumers Likely to Use DeFi in Next 6 Months
In Asia-Pacific (APAC), though decentralized finance (DeFi) remains a nascent sector, adoption of DeFi services among consumers is growing rapidly, fueled by the region’ burgeoning blockchain and cryptocurrency startup scene. A 2022 survey conducted by Visa and YouGov, which polled
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Decentralized Finance (DeFI) Next Growth Phase Will Be Driven by So-Called “MetaFi”
The upcoming growth in decentralized finance (DeFi) will be driven by the ability to embed DeFi applications into the open metaverse. This concept, which venture capital (VC) firm Outlier Ventures refers to as MetaFi, or metaverse finance, will act as
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