The US Department of Treasury is seeking public opinion on the “responsible development of digital assets.” Its questions focus on a variety of crypto-related aspects, including decentralized finance (DeFi), non-fungible tokens (NFTs), mixers, virtual asset service providers (VASPs), and the digital dollar…. Read More: US Treasury Begins Public Consultation on How to Regulate Crypto Read…
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Adopting more stringent Know Your Customer (KYC) checks can give crypto exchanges a competitive edge over those that meet minimal standards. Crypto is a fast-moving sector where new trends — decentralized finance and nonfungible tokens among them — accelerate in the blink of an eye. And as demand for digital assets grows, the need for…
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Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble. Cryptoruble to Give Russian Companies Another Option…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Amazon and 4 Others to Work on Digital Euro Prototype, White House’s ‘Comprehensive Crypto Framework’, Hong Kong’s Scam Warning + More News Read more »Sign up for e-EUR – the progressive…
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The ongoing bear market in the cryptocurrency market that started earlier this year has led to many companies suffering immense losses. One of the recent firms to announce losses because of the bear market is Algorand, which has reported a loss of $35 million following the Hodlnaut debacle…. Read More: Algorand Admits it has Lost…
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With The Merge coming next week and Cardano’s Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. Moreover, the market capitalization of the top smart contract crypto assets today has increased 44.35% against…
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While decentralized finance (defi) has created a plethora of protocols that make it so crypto assets can gather a yield, ten and a half years ago a bitcoin exchange called Bitcoinica introduced the first interest accruing system for bitcoin deposits. Despite being the first to test the waters, Bitcoinica eventually went bust after a series…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Coinbase’s Battle Over Tornado Cash, White House Not Happy With Bitcoin Mining + More News Read more »Sign up for e-EUR – the progressive stablecoin
In the latest major hacking attempt against Avalanche (AVAX), a flash loan attack that targeted the blockchain enabled its unknown perpetrator to steal as much as USD 370,000 worth of USD Coin (USDC), per a recent announcement by CertiK Alert. “Possible impacted protocols include: @nereusfinance, @traderjoe_xyz, @CurveFinance,” according to the tweet…. Read More: Avalanche Blockchain Used To Implement Flash Loan…
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Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices. Decentralized finance (DeFi) has seen tremendous growth since its inception, expanding by more than 1,200% in 2021 in total value locked (TVL) and surpassing $240 billion…
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