OKX's exit From Nigeria sparks criticism from crypto analysts

It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021. On the DApp Radar rankings, eight of the top 10 DApps on Ethereum are DeFi. Uniswap sees more users than any other application and is set…

Amid the ongoing growth of the cryptocurrency lending industry, major crypto wallet service Blockchain.com launches a new lending product for all users, not just institutions.After first launching an institutional crypto lending desk in August 2019, Blockchain.com is now rolling out its crypto lending service to all users across more than 180 countries, the United Kingdom-based…

In 2020, PayPal began allowing individual retail customers to buy, sell, and hold crypto directly from their PayPal and Venmo accounts.

Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM). The minister’s comments were reported by local English-language daily broadsheet the New Straits Times (NST) Nov. 26.The finance minister outlined his stance in response to a question from parliamentary…

At least one industry leader suggested that crypto policy in the United Kingdom would be “business as usual” despite the change in government.

Proposed measures include restricting Binance officials’ access to private keys and disclosing business expenses. 541 Total views 1 Total shares Binance, Binance.US, and the Securities and Exchange Commission (SEC) reportedly revealed an agreement, late Friday, June 16, temporarily limiting access to customer funds exclusively to Binance.US employees.According to reports, the proposed agreement, pending approval from…

The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking 536 Total views 13 Total shares The rise of DeFi and high yielding liquidity provision opportunities could act as a barrier to participation in staking when ETH 2.0 Phase 0 finally launches according to a new report.The ConsenSys Q3…

DAI reached a price of $1.3 on Uniswap and Coinbase, the two exchanges used by Compound's oracles. 307 Total views 2 Total shares The crypto market suffered a powerful crash on Thursday morning UTC, which sent prices of major currencies like Bitcoin (BTC) and Ether (ETH) tumbling in excess of 10%.When traders rush for the…