Welcome to PYMNTS’ series on decentralized finance, or DeFi. In these articles, we’ll be looking at every part of DeFi — the biggest, hottest, most rewarding and risky part of the blockchain revolution. At the end of it, you’ll know what DeFi is, how it...
Two members of Congress introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act to lower potential risks to the U.S. that could arise from El Salvador’s adoption of bitcoin as legal tender. Rep. Norma J. Torres, D-Calif., chair of the Central America Caucus, and...
You can buy a bottle of wine, a movie ticket, a laptop, a cruise with bitcoin. Now, you can buy a small piece of a parking garage, a warehouse or a cold storage facility — properties that broadly fall into the supply chain logistics category...
Buenos Aires, Argentina, is working on a blockchain-based digital identity platform to help users get more control over their personal data, Coindesk wrote Thursday (March 31). The city published a whitepaper this week to propose the platform. It should be operational between the last quarter...
Do Kwon, co-founder and CEO of the company behind the Terra blockchain, confirmed it had bought over $1 billion in bitcoin since the end of January, Bloomberg wrote. That includes $135 million in four purchases Monday (March 28). Kwon said the Bitcoin address used by...
International securities settlement system Euroclear has invested in the regulated blockchain payments consortium Fnality — formerly known as the Utility Settlement Coin (USC) — which is owned by 16 financial institutions, including Nasdaq, BNY Mellon, State Street, and UBS, Reuters reported on Monday (March 21). ...
Smart contracts platform Avalanche Foundation has rolled out a new incentive program called “Multiverse,” which will help grow subnets on its network, according to a Thursday (March 17) press release. Multiverse will have incentives up to $290 million, per the release, and the program will...
Ripple will be committing 1 billion XRP to help with development and new use cases on the XRP ledger, according to a press release Thursday (March 17). This is an extension to the XRPL Grants program, which rolled out in 2021 and has awarded $6...
If you were an early backer of Solana, a leading “Ethereum killer” blockchain targeting decentralized finance (DeFi) and other decentralized-application (DApp) developers, you’re probably rich. One of several blockchains that sought to build a better smart contract platform than overburdened, overpriced and under-scaled Ethereum, Solana’s...
