Author: Hassan Shittu

Decentralized finance and traditional banking can both move, lend and exchange value, but they distribute responsibility in very different ways. A bank records customer claims in a private ledger and operates within a legal and supervisory framework. A DeFi protocol uses smart contracts and blockchain settlement, often allowing a wallet to interact without opening a conventional account. That does not make one system universally superior. DeFi can make rules and transactions more observable, while banks can provide legal claims, customer support and established recovery processes. A useful comparison follows the complete service rather than contrasting “decentralized” with “centralized” as marketing…

The Straits Times has discovered that the Three Arrows Capital (3AC) liquidators are attempting to look into and protect the Singapore assets of the insolvent crypto hedge fund while 3AC’s founders, Mr. Zhu Su and Mr. Kyle Davies, are still missing.

Last week, the price of Quant (QNT) gained traction when it accumulated 25% in just some days. It increased from the $56range to the $76 range. While it acquired this little smooth run during the week, it continued its bullish run-on Saturday when it disengaged from the seven-month-old falling wedge formation. While it gained a lot of doubts during the weekend, it continued its journey to this week and has 70% from last week.

Entertainment giant Walt Disney announced on July 13 that six companies are joining its 2022 Disney Accelerator to scale its Web3 experience.

Struggling crypto lender Celsius Network announced on Wednesday night that it had started the process of filing for Chapter 11 bankruptcy, becoming the latest victim in the crypto space to shut down under the dragging downtrend of crypto prices.

On the verge of filing for bankruptcy due to lack of liquidity, Celsius has managed to pay off its several million dollars of debts. With all sorts of doubt from the public regarding the origin of the fund used to pay off the Debt, Celsius is finally able to pay off its Debt.

On Tuesday, the US Treasury announced it needs the public view on the opportunities and risks posed by adopting digital assets. The US Treasury seeks public opinions on digital assets as it prepares a report for President Joe Biden on the overall implications of technological developments such as Blockchain and cryptocurrencies.

Derivatives and spot crypto trading platform BitMEX has delayed listing its Ethereum-based BMEX token on its BitMEX Spot Exchange because of market conditions, the company said in a statement Tuesday.

GameStop launched its non-fungible-token (NFT) marketplace on Monday to allow gamers, creators, collectors, and other community members to buy, sell and trade NFTs.

A bond can be issued as a token and settled against digital money on shared infrastructure. That does not make the issuer, the legal claim or the need for reliable settlement disappear. It changes how instructions, ownership records and payment can be coordinated. This concrete distinction is more useful than treating Web3 as a replacement for the financial system. In finance, the term covers several architectures: public blockchains, permissioned distributed ledgers, tokenised securities, stablecoins, wallets and decentralised protocols. They have different governance and trust assumptions. Tokenisation changes the representation and workflow Tokenisation represents an asset or claim as a programmable…