Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the…
Recent developments in the cryptocurrency world, like Bitcoin’s freefall from $ 65,000 in April to under $40,000, have refocused attention on the rules that regulate India’s cryptocurrencies. Over $1 billion in cryptos has been pumped by approximately 7 million Indians. The Future of Cryptocurrency In India, the government faces a difficult task in enabling the…
Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis…
Crypto space weighs in on proposed amendments to US infrastructure deal Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis, and Toomey. With more than one amendment proposed to the United States infrastructure plan that would modify a provision on cryptocurrencies, some figures in the space…
The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency…
Award-winning hip-hop artist Megan Thee Stallion has published a video of herself explaining the basics of bitcoin, including what it is, why it is valuable, and how to obtain it. The famed rapper previously gave away $1 million in bitcoin to her fans in collaboration with Square’s Cash App. Famous Hip-Hop Star Breaks Down Bitcoin…
