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To reshape corporate loans and fixed-income investments, blockchain-based lending protocol Soil is working on bridging the gap between traditional finance (TradFi) and the world of cryptocurrencies. On June 26, Soil announced that it had obtained confirmation from local financial market regulators that the activities expected to take place on the Soil Platform are consistent with the legislation in the applicable jurisdiction, according to the latest information shared with Finbold. This is a significant achievement for Soil as it demonstrates the validity of the fundamental premises upon which the procedures and principles that underpin its business strategy have been tested. In particular, Soil is in the…

Decentralized finance (DeFi) is a financial system that is built on top of blockchain technology. It allows people to access financial services without the need for a central authority, such as a bank or a government. DeFi applications are built on smart contracts, which are self-executing contracts that are stored on the blockchain. This means that they are transparent and cannot be tampered with. Some of the most popular DeFi applications include: Decentralized exchanges (DEXs): DEXs allow users to trade cryptocurrencies without the need for a centralized exchange. Decentralized exchanges (DEXs) crypto logo Lending and borrowing platforms: These platforms allow…

Crypto whales are accumulating a number of low-cap gems, as the overall crypto market is on the rise. Some of the most popular low-cap gems that whales are accumulating include: FGHT (FIGHT): FGHT is a decentralized finance (DeFi) platform that allows users to trade and lend cryptocurrencies. It is built on the Binance Smart Chain (BSC) and offers a number of features that are attractive to whales, such as high yields and low fees. Opens in a new windowCoinMarketCap FGHT crypto logo METRO (METROPOLIS): METROPOLIS is a Layer-2 scaling solution for Ethereum. It offers a number of advantages over the Ethereum mainnet,…

Source: prokop.photo/Adobe Abundant cheap electricity. Russia has a surplus of cheap electricity, which is essential for crypto mining. The country’s cold climate also helps to keep mining costs down, as miners don’t need to spend as much money on cooling. Loose regulations. Russia has relatively loose regulations on crypto mining, which makes it an attractive destination for miners. In contrast, China, which was once the world’s leading crypto mining hub, banned crypto mining in 2021. A large pool of technical talent. Russia has a large pool of technical talent, which is essential for crypto mining. Many Russian engineers and programmers are experienced…

Arbitrum (ARB) coin, the leading Layer 2 scaling solution for Ethereum, has been experiencing a surge in popularity and investor interest. In the past week, its value has significantly increased from $0.9411 to $1.1691, with a current settling point around $1.1250. One contributing factor to Arbitrum’s success is the introduction of Arbitrum Orbit, a revolutionary tool that empowers Layer 3 networks and brings new possibilities to the ecosystem. This upward trend in the value of Arbitrum reflects the growing confidence among investors in its ability to improve the scalability of the Ethereum network. Arbitrum (ARB) Gains Momentum as a Leading…

ource: Adobe / prima91 The US Supreme Court has ruled in favor of Coinbase, backing its request to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration. On Friday, five of the nine Justices voted in support of Coinbase’s request, overturning a lower court’s ruling involving a user who sued after a scammer stole money from his account. “The sole question here is whether the district court must stay its pre-trial and trial proceedings while the interlocutory appeal is ongoing. The answer is yes: The district court must stay its proceedings,” wrote Justice Brett Kavanaugh on…

XRP, the digital asset associated with Ripple, has experienced a significant influx of capital, amounting to $2 billion. In terms of market capitalization, after hitting a low point of $27.59 billion, it has surged to $27.73 billion. This surge in market cap and trading volume has instilled a bullish sentiment for XRP, driving up its demand and subsequently its price. The upward trajectory indicates a positive trend for the XRP coin. XRP Market Cap – Source: Coinmarketcap This notable increase in investment has sparked speculation about the potential price trajectory of XRP in the coming year. Investors and enthusiasts are now…

Bitcoin Cash (BCH) has witnessed an extraordinary price surge, soaring by 75% in a mere week. This notable ascent has been accompanied by a substantial inflow of $1.2 billion in trading volume. Bitcoin Cash’s recent remarkable upward trend can largely be attributed to its listing on the EDX exchange. EDX is a trading platform supported by prominent financial institutions such as Fidelity, Schwab, and Citadel. This listing has amplified market interest and spurred a surge in the value of Bitcoin Cash over the past three days, where it experienced a remarkable increase of over 50%. As Bitcoin Cash maintains…

s no secret that cryptocurrencies have gained immense popularity as ‌modern, decentralized financial assets. And with their increasing value, safeguarding them has become paramount. As the cryptocurrency market continues expanding significantly, various versatile crypto wallets have emerged to accommodate the diverse range of available digital currencies. Thus, one crucial aspect of securing cryptocurrencies is choosing the right crypto wallet. This article will guide you through the key considerations for selecting a secure crypto wallet and introduce Defexa Crypto Wallet, a reliable and trusted option for protecting your digital assets. The Significance of Selecting the Right Crypto Wallet Choosing the right…

source: AdobeStock / Rafael Henrique FTX, a cryptocurrency exchange, has filed a lawsuit against investment firm K5 Global and its co-founders, Michael Kives and Bryan Baum, seeking to recover $700 million in investments that it alleges were made with misappropriated FTX funds. The complaint, filed in Delaware bankruptcy court, alleges that Kives and Baum used their close relationship with FTX founder Sam Bankman-Fried to gain control of the exchange’s treasury and funnel funds into their own projects. The complaint also alleges that Bankman-Fried was aware of the misuse of funds but did nothing to stop it. FTX claims that the…