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How Banks and TradFi Want to Be the Custodians of Crypto (and Why It Might Not Work)

Reading Time: 3 min As traditional financial institutions aim to become the primary custodians of crypto assets, they face significant challenges that may prevent them from succeeding. The decentralized finance (DeFi) ecosystem’s complexity and the fundamental differences between traditional finance and crypto create barriers that might render this ambition unworkable. This article explores why banks’ efforts to manage crypto custody could be unnecessary and potentially doomed to fail, highlighting the unique aspects of DeFi that resist integration with traditional custodial models.

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Sei: A Layer 1 Blockchain Built for Speed and Security in Decentralized Trading.

Reading Time: 2 min Sei Network is shaking up DeFi with a Layer 1 blockchain built for decentralized exchanges (DEXes). This high-speed platform boasts sub-second transaction finality and frontrunning protection, aiming to provide a secure and scalable foundation for the next generation of DEXes. The native SEI token fuels the network and empowers holders with staking and governance rights. With a growing ecosystem and backing from industry giants, Sei is poised to become a game-changer in DeFi trading.

Coins and Tokens

Buying Solana In Australia – What You Need To Know

Reading Time: 2 min This comprehensive guide serves as your compass for securely acquiring SOL tokens within the sophisticated landscape of the Australian cryptocurrency market. From selecting secure wallets to making informed purchases, we delve into each aspect with precision, ensuring you navigate the dynamic world of Solana with confidence. Buckle up for an insightful exploration of Solana in Australia, where innovation meets investment strategy.

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National Australia Bank to Launch Stablecoin Pegged to Australian Dollar

Reading Time: < 1 min National Australia Bank (NAB) is set to release its own stablecoin in mid-2023, pegged to the Australian dollar and built using blockchain technology. This move towards adopting cryptocurrency and blockchain technology in the financial sector is a significant step for NAB and highlights the trend of financial institutions embracing this technology to improve transaction speed, cut costs, and compete with fintech rivals. NAB’s stablecoin is expected to provide customers with a stable and reliable means of making transactions, without the volatility associated with other cryptocurrencies.

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