Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Key Insights From Chainalysis’ Eastern Europe Crypto Adoption Research

  • Between July 2019 and June 2020, Ukrain and Russia managed to place first and second, respectively, on Chainalysis' Global Crypto Adoption Index.
  • During the same period, 1.4% of all crypto transactions in Eastern Europe were connected with illicit activity, the second highest rate after Latin America.

Kraken Receives Approval To Create a U.S. Bank

  • Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
  • SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.

Yam Finance Is Ready To Launch, Again

  • Starting 18 September, users will finally be able to swap their YAMv2 to YAMv3 on a 1:1 basis, with no deadline.
  • This time the protocol will be released after it underwent a full audit, conducted by blockchain security and data analytics company PeckShield.

DeFi Pulse, Set Labs Partner On New DeFi Index

  • Thanks to the new index product, users will no longer have to go through different exchanges in order to acquire their DeFi assets.
  • The index will initially be available on Set Labs' own platform TokenSet, as well as on Uniswap, Zapper, Argent, Dharma and others.

INX Exchange Can Now Accept Cryptocurrency To Finish Its $117 Million IPO

  • The firm has now cleared the first bar to its $117 million security token IPO by raising $7.5 million in dollars only.
  • Starting on 14 September, retail and institutional investors will have the choice of buying INX tokens using BTC, ETH, and USDC.

Access To Coinbase, MercaDolar Reportedly Blocked In Venezuela

  • It remains unknown why ISPs in the country decided to add these particular platforms to a DNS blacklist.
  • The last time Venezuela restricted access to cryptocurrency exchanges, the government was targeting platform that exchanged the local currency for alternative assets.

Mastercard Launches CBDC Testing Platform

  • The platform is designed to mimic the issuance, distribution and exchange of CBDCs between banks, financial services companies and consumers.
  • A recent survey has shown that, while 80% of national banks are entertaining the idea of CBDC, 40% have already moved to actual concept and experimentation.

eToro Launches Universal Basic Income DeFi Project

  • The non-profit initiative, called GoodDollar, aims to leverage DeFi in order to provide its users with a form of universal basic income.
  • Though recently launched, the platform has already been used by 245 people, who claimed more than 180,000 G$ tokens, currently backed by dai.

When Socialism Destroys a Country, Cryptocurrency Helps

  • Socialist policies have destroyed Venezuela, despite the country having the largest oil reserve in the world.
  • As hyperinflation made the Venezuelan Bolivar useless, troubled citizens turn to other currencies, including cryptocurrency, as a way to preserve their wealth.

Vienna, Singapore Stock Exchanges Advance Institutional Crypto Adoption

  • The Vienna Stock Exchange has become the third regulated market in the world to list BTC and ETH products.
  • The Singapore Exchange, on the other hand, has revealed its plans to list price indexes for both Bitcoin and Ethereum, paving the way for adoption.