The price of Bitcoin has dropped to a one-month low as minutes from the Federal Reserve’s last meeting in December showed that officials discussed shrinking the central bank’s swollen $8.3 trillion balance sheet and raising interest rates sooner than expected.
Decentralized finance (DeFi) money market platform Aave has launched a permissioned lending and liquidity service called Aave Arc to help institutions participate in decentralized finance while maintaining regulatory compliance.
Publicly-traded money transfer company MoneyGram has completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the United States. MoneyGram now owns 4% of Coinme.
DeFi, short for Decentralized Finance, is a term used to describe financial products that are built on permissionless and decentralized blockchains like Ethereum and Solana.
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Top stories in the Crypto Roundup today:
- Bitcoin Drops After ‘Hawkish’ Fed Minutes
- Aave Launches Permissioned DeFi Pools for Institutions
- MoneyGram Makes Minority Investment in Coinme
- What is Decentralized Finance (DeFi)?
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