Provident Financial News

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

TerraUSD’s depegging and eventual collapse sent shockwaves across the crypto market, and in the wake of its crash, other major stablecoins such as Tether (USDT) and USD Coin (USDC), and DAI witnessed changes as well.

WASHINGTON—The Biden administration on Friday retroactively reduced the amount of ethanol that must be blended into gasoline for 2020 and 2021 but raised the level for 2022, saying the changes are aimed at helping boost domestic fuel supplies.

ADA unusually turned out to be one of the most exciting cryptocurrencies this week courtesy of its strong upside. It rallied by roughly 50% between Saturday and Tuesday, marking a bullish end to an otherwise bearish month.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Public blockchain network Zetrix announced the launch of Covinsure, a non-fungible token (NFT)-based insurance product.

Three local Hong Kong companies are raising funds for non-governmental organisations (NGOs) through non-fungible tokens (NFTs) to support green initiatives and sustainability.

The Federal Reserve began the process Wednesday of shrinking its $8.9 trillion asset portfolio. Here are answers to five of the most commonly asked questions from our readers about how it works.

Companies have embraced Slack to speed up office communication. Now, workers are using the messaging tool to fast-track job hunts.

So, you are holding Hedera’s native cryptocurrency HBAR and are wondering if recovery is on the cards yet? Now, holders of this token may rejoice as HBAR recently demonstrated some upside. Alas, there are a few things you need to know.

Following the tragedy that trailed TerraLUNA and its eventual collapse, regulators worldwide have become skeptical of cryptocurrency projects and a clampdown is underway in some regions.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. 

In his new role, Paul will be tasked with leading the Fireblocks' engagement with central banks and market infrastructures as they begin adopting digital asset and tokenization technologies.According to the Bank for International Settlements, fully 90% of central banks are actively exploring CBDCs and more than half are now developing them or running concrete experiments.Says Paul: "Financial innovation in CBDC, DeFi and tokenization is rapidly accelerating, and my new role at Fireblocks allows me the privilege and opportunity to work alongside some of the most forward-thinking organizations in the world as they prepare for one of the sector's greatest transformations."Since launching in 2019, Fireblocks has onboarded more than 1,300 institutional customers, providing digital asset and crypto products for custodians, fintech, crypto exchanges, lending desks, super apps and asset management firms.

Stablecoins and central bank digital currencies can coexist, according to R3’s chief technology officer, Richard Brown, despite their different objectives.

The bank said in November that it had partnered with crypto exchange and custodian, Gemini, and blockchain analysis firm, Chainalysis to design a service that will be offered to customers through a new feature in the app. A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

After the bears found a renewed selling pressure at the $47.5K level in late March, the last two months have been a constant strive to breach the chains of Bitcoin’s [BTC] 20 EMA (red). 

With the promise of providing users with a simple way to manage their NFTs and cryptocurrency portfolios, Enjin claims to be building a product ecosystem directed at assisting humanity to create advanced virtual economies by leveraging the power of blockchain technology.

Are you familiar with Decentralized Finance (DeFi)? If so, are you a Liquidity Provider? If your answer is yes, then you should know that Aave, the ghost protocol that allows you to borrow and lend cryptocurrencies, supply liquidity, and stake liquidity in the form of cryptocurrencies rolled out its V3 on 16 March.

Plans to toughen UK audit standards after a string of scandals are set to be watered down, according to reports, as the government rows back on bold reforms to the corporate governance regime.

Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year as part of an effort to bring inflation under control.

Merge is aiming to fill the gap left by traditional financial institutions in servicing crypto-native business. Founded by Kebbie Sebastian, who led led PayPal’s financial products business in the UK, alongside former Coinbase and Luno executives, Merge says it will provide a seamless way for crypto and web3 companies to hold and transfer fiat funds, convert between fiat and crypto as well as manage compliance, all within a simple to integrate API.Zihao Xu, investor at Octopus Ventures comments: “Merge’s vision is to build the infrastructure necessary to allow crypto businesses to operate without fear of shutdown by regulators or third-party risk teams.