Imagine this: Fatima, a mother in Sana'a, Yemen, struggles to feed her children. US sanctions, originally designed to destroy the Houthi rebel group, have instead asphyxiated the country’s already precarious banking sector. With her brother working in Saudi Arabia and sending remittances—their family’s lifeline—to her family. Unfortunately, these funds are...
Remember Doge? Recalibrate your outlook just a little and do you all remember when everyone thought crypto was a temporary bubble, a digital tulip mania? So grab your popcorn and get ready! Yemen is adding another chapter to the ongoing history of crypto. We know, it sounds crazier than a...
Meanwhile, financial sanctions and conflict are devastating Yemen’s economy. Consequently, average individuals are seeking the safety and flexibility of decentralized finance (DeFi) as a major institution alternative to traditional banking systems. The US administration has reinstated the Houthis’ designation as a Foreign Terrorist Organization (FTO), which has led to increased...
The FBI's pursuit of $35 million in stolen Bitcoin, linked to the Bybit hack and allegedly laundered through eXch, isn't just another crypto crime story. This predicament puts the toxic side of DeFi in the spotlight. It is all an important intervention for an industry confused about itself and its...
I remember Sarah. A smart, bright-eyed single mom I met at a community workshop on financial literacy. Eager to learn and explore, she jumped into the deep end of DeFi. The lure of one click away high returns and financial independence was a fire in her belly. She envisioned it...
Doubt about the sustainability of BRICS currencies Even the Bank for International Settlements (BIS) has recently sounded the alarm. Crypto, they claim, has finally hit a “critical mass,” suggesting a danger of systemic financial contagion. Their report, while highlighting legitimate concerns, risks triggering a knee-jerk reaction – a regulatory crackdown...
The Bank for International Settlements (BIS) is at it again, folks. Their recent report glorifies alarmist rhetoric about DeFi and crypto achieving “critical mass,” foretelling technological Armageddon. Oh no, the financial sky is falling! Give me a break. It's like your grandpa complaining about rock and roll – they just...
The international Bank for International Settlements (BIS) has been closely tracking the stability risks posed by decentralized finance (DeFi) and crypto assets. Their connection with traditional finance (TradFi) is quickly becoming a make-or-break factor. The BIS has identified four key transmission channels through which these risks could materialize, warranting a...
The Bank for International Settlements (BIS), often referred to as the central bank for central banks, has recently updated its assessment of the decentralized finance (DeFi) and crypto landscape. That change in mindset should be a game changer. Fortunately, global financial institutions have finally shed the decades-long view of the...
In an effort to streamline Bitcoin (BTC) staking, Lombard Finance has released a software development kit (SDK). Its SDK allows for easy, one-click BTC staking with little-to-no setup for wallets, exchanges, and other platforms.The release represents a concerted effort to bring BTC more fully into the decentralized finance (DeFi) economy....
