Bitcoin weekly funding rate reflects investor caution, yet BTC price pushes higher

About 71% of German citizens are skeptical about Facebook’s Libra stablecoin, while only 12% welcome it, according to a survey published by German financial association Bürgerbewegung Finanzwende on July 23.Most Germans already have an opinionNotably, the survey also showed that almost every one of the 2,093 German adults surveyed had an opinion on the matter,…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based…

While widely written off as a scam earlier this year, Richard Heart’s controversial HEX is fast approaching a $1 billion market cap. According to crypto analytics site CoinMarketCap, the HEX token had a market cap of over $979 million on May 14 with a value of $0.006 at the time of writing. Prior to mid-February, the…

Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600–$25,000 zone, where buying interest may pick up.When an asset emerges from a bear market, it…

JPMorgan Chase CEO Jamie Dimon said that he does not think that cryptocurrency projects pose an existential threat to JPMorgan's core business. During an interview with Yahoo Finance on June 27, Dimon discussed crypto’s potential impact on the existing banking system:"We move $6 trillion a day around the world. It is very cheap, very secure, it…

Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.Verify and track provenance of artIn an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and…

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier.According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few…

Russian air carrier S7 Airlines has partnered with state-owned oil giant Gazprom Neft to use blockchain-based smart contracts for aircraft fuelling, a press release confirmed Friday, August 24. S7, which has developed several blockchain use cases in the past two years, will now use the technology to increase efficiency of fuel delivery and payment, as…

One of the hottest topics in cryptocurrency right now is the potential ability for distributed ledger technology to transform the borrow and lending activities in traditional banking. This helps banks solve two major issues: application of legal actions and liquidity.But “on-chain” technology could solve another essential, but less recognized, problem: credit.  In theory all the…