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Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged with the market despite its woes. Credit Suisse, Deutsche Bank
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Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to raise awareness and aid for disaster victims.Stablecoins
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“The advancement of the technology backing stablecoins is a necessary component to unlock the future of finance,” said Johann Eid, vice president of Go-To-Market at Chainlink Labs, the developer firm behind Chainlink. “As more and more traditional financial institutions partner with MakerDAO and assess the applicability of DeFi, the required
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Developer activity and adoption is the key to success, the report said. Source
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Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold
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The development of a dedicated lending protocol represents a shift in focus from MakerDAO, which has aligned its revenue model with the issuance of DAI since the latter's inception in 2017. MakerDAO has formed Phoenix Labs, a research and development company that will be tasked with building the Spark Protocol. Original
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However, Umami temporarily stopped all payouts to token holders in early February, citing regulatory considerations, messages in Umami’s Discord channel show. This caused some discourse among community members, who said the product seem to do the opposite of what it earlier told potential token investors. Source
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Solar Punk Manuel Alzuru says "a social awakening is happening" and the future of crypto will be tied closely to ReFi. "This is the very beginning," he says. Source
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Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset Platform With Central Bank’s Permission Russia’s Alfa-Bank has launched
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