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Will Polygon Village see its ‘villagers’ happy in DeFi space

Will Polygon Village see its ‘villagers’ happy in DeFi space

Decentralized Finance and Web3 capabilities are the two pillars of blockchain without which most chains fail to draw investors. Investors who have already pioneered in this space in their own ways are further working on making their footing stronger, the examples of which can be seen in Polygon’s efforts.  The Polygon Village Built as a …

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Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism

Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism

This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, …

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Banks warn of ‘grim’ prospects for pound as economy slows

Banks warn of ‘grim’ prospects for pound as economy slows

Currency is trading near its lowest level since early 2021 against major trading partners The pound has lost ground against most key rivals this year © Charlie Bibby/FT A duo of Wall Street banks is warning on the “grim” outlook for the pound, predicting that stubbornly high inflation and an economic slowdown will precipitate further …

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Russia’s fraying economy: consumers start to feel the pinch of sanctions

Russia’s fraying economy: consumers start to feel the pinch of sanctions

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access …

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Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes …

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