The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.
Sasha MarkevichReputation concerns have led Justin Drake and Dankrad Feist to abandon their post in the restaking protocol.
Eva Senzaj PauramAccording to the project, the upgrade is a paradigm shift that will enable the next economic boom and position Chainlink at its epicenter.
Alexander MardarThe exchange aims to strengthen its market position by tapping into the extensive network of Solana traders.
Alexander MardarFive major venture capital firms, including Andreessen Horowitz (A16z), Multicoin Capital, and Paradigm, are challenging the regulator's stance on digital asset airdrops, supporting a Texas apparel company's argument that free token distributions should not be classified as securities transactions.
Mathilde AdamThe growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.
Sasha MarkevichFrom collapsing token prices to a precipitous fall in new and active users, even the promise of a "Season II" in this tap-to-earn game may not be enough to win audiences back.
The newly launched restaking product has already attracted $25 million in TVL, making Jito the second-largest restaking protocol on Solana.
Project mBridge suffers a huge blow as BIS exits the stage — as EU states express disquiet over the digital euro, and the U.S. Treasury eyes CBDCs replacing stablecoins.
The leading tokenization firm's rapid expansion comes alongside a strategic deal with the trillion-dollar asset manager to provide intraday liquidity for its new U.S. Treasury fund.
There is a nascent trend in the crypto ecosystem, and it has nothing to do with artificial intelligence, meme coins, or stablecoins. Much like the normal world has gender reveal parties, crypto is getting into the soapy habit of Satoshi Nakamoto's identity reveals. In October alone, there were
MainMoney combines digital money with digital identity to transform the Democratic Republic of Congo's payment system.
Bitget wallet on Telegram reaches 6 million users just 3 days after launch. FDUSD stablecoin set to launch on Solana. Binance partners with AWS for a cloud-based machine learning solution. Kraken launches a fully customizable desktop trading application. Chainlink unveils major upgrade to boost flexibility and scalability. London PR firm
India is once again weighing up a crypto ban in order to boost adoption of the digital rupee, while the Russian regulator warns banks of penalties. A new report suggests tokenization has little risk of jeopardizing financial stability.
Brazil’s Central Bank has announced the official name of its Real Digital platform. DREX will allow the deployment of smart contracts to make financial services more accessible.
Eva Senzaj PauramCoinbase has moved to have the SEC lawsuit against it dismissed, arguing simply that it does not trade securities. But as it launches its own Ethereum L2 network, we are getting mixed messages over crypto’s worth and whether or not the SEC asked it to delist all tokens but bitcoin.
Jack MartinSoramitsu plans to connect its Cambodia-based RTGS system, Bakong, to its cross-chain stablecoin exchange, creating a pan-Asian transfer and payment network.
Alex HarutunianCoinbase launches its Ethereum layer-2 network Base with the aim of bringing Web3 technology to more users. It will eventually form part of an interoperable 'Superchain' with Optimism.
ObserversOn Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.
Jack MartinApple Card’s high-yield savings account has seen over $10 billion in customer deposits since its launch in April, but banking partner Goldman Sachs allegedly wants to walk away from the arrangement, as it reduces the consumer-facing side of its business.
Jack MartinJustin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
Sasha MarkevichThis week, a Chinese zoo felt the need to assure the general public that its sun bears were not people in costume, after a video went viral showing Angela the sun bear standing on her hind legs and waving at visitors in a very human-like manner. Conspiracy theorists on social
Jack Martin