# ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers

# ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers

“# ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers ” Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending,…

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# Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

# Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

“# Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant ” In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as…

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# KuCoin Labs Launches 0 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects

# KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects

“# KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects ” KuCoin Labs, the company behind the world’s sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also…

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# Liquid staking protocol pSTAKE raises M from notable cryptocurrency venture capital firms and angel investors

# Liquid staking protocol pSTAKE raises $10M from notable cryptocurrency venture capital firms and angel investors

“# Liquid staking protocol pSTAKE raises $10M from notable cryptocurrency venture capital firms and angel investors ” On Tuesday, pSTAKE, a liquid staking protocol from decentralized finance (DeFi) platform Persistence, announced in a statement provided to Cointelegraph that it had closed a $10 million strategic funding round from venture capital firms. Tendermint, the core developer…

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# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov

# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov

“# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov ” It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders…

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# Dutch multinational ING considers entering DeFi lending industry

# Dutch multinational ING considers entering DeFi lending industry

“# Dutch multinational ING considers entering DeFi lending industry ” In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following…

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# US Senator submits resolution too allow crypto payments in US Capitol Complex

# US Senator submits resolution too allow crypto payments in US Capitol Complex

“# US Senator submits resolution too allow crypto payments in US Capitol Complex ” U.S. Republican Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol complex. The resolution, titled Adopting Cryptocurrency in…

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