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Crypto resonates better with BIS’ vision of ideal monetary system

The report awarded points to the fiat ecosystem for the safety and stability policy while highlighting that “Public oversight has helped achieve safe and robust payment systems.”

Solana whale moves $25M of USDC debt from Solend to Mango Markets

The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more.

Tether to launch GBPT stablecoin pegged to British pound sterling

Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment.

Blockchain isn’t as decentralized as you think: Defense agency report

The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system.

‘Disappointing:’ Cardano devs delay Vasil hard fork by a month

While IOHK admitted the news was disappointing, the firm stated it is taking an “abundance of caution” to ensure the Vasil upgrade is implemented correctly.

BIS compares projects to transfer central bank digital currencies across borders

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.

Why cross-chain interoperability matters for DeFi

With hundreds of cryptocurrency exchanges available for users to transact on, the question becomes centralized or decentralized, neither of which offers an efficient solution.

Nexo hires Citibank to advise on acquisitions during market turmoil

“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.

Voyager’s 60% share price plunge leads sea of red for crypto stocks

VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.

DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI.

Meta set to begin testing NFTs on Instagram Stories with Spark AR

Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.

NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

Falling prey to a fraudulent link can be devastating to one’s personal investment portfolio. Here are three ways a hard wallet can protect you.

Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC.

TAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21

Yahoo Hong Kong executive Lorraine Cheung said that activities in the Metaverse are seen by Hong Kong residents as a good alternative to social interaction amid the pandemic.

dYdX moves to Cosmos-based blockchain for v4 to optimize decentralization and trading flow

The protocol chose Cosmos as the best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second.

This is what's standing in the way of DeFi's 'NFTification'

NFTs and DeFi have taken the world by storm in recent years, but both industries have downsides. Bringing them together could be a force for good.

eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain

The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions.

Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

The move comes after 18 Polkadot parachain auctions were secured on the original SALP protocol.

High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang.

Resistance is futile! 3 reasons why Bitcoin mining will never go away

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.

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