Crypto News
Latest Crypto News
Code Is Not (Always) Law
Key to this egalitarian standard has been the idea that the code is the code, and that is what matters most. Judges, regulators and politicians may try to set parameters around what types of financial services can be accessed and by whom, but in crypto, such restrictions cannot apply (except to the extent that centralized…
Blocknative Releases New Ethereum Mempool Explorer, to Help With MEV Protection
Blocknative, a blockchain infrastructure company that cut staff in October after suspending work on a major business project, is releasing a new tool to examine the “mempool” of pending transactions awaiting processing on Ethereum, an effort that could ultimately help to reduce instances of block-level manipulation and protect users from front-running bots. Source link
OpenAI CEO Sam Altman-Backed Crypto Startup Meanwhile Starts Bitcoin (BTC) Private Credit Fund With 5% Yield
“A thriving Bitcoin economy is inevitable, but to realize this future and maximize its potential, robust capital markets are essential,” Zac Townsend, co-founder and CEO of Meanwhile Group, said in the press release. “This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their…
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
The initial December report separated its criteria for the treatment of crypto into two groups. Group one cryptos would meet the full set of classification conditions and would be subject to capital requirements. Group two cryptocurrencies that do not meet classification conditions, and so needs newly prescribed capital treatment. Source link
Growth of Asset Tokenization on Blockchains Could Lead to Greater Risks to Financial Stability: Bank of England
That increasing size could pose risks for the wider financial environment, the bank said. The boom could “increase the interconnectedness of markets for crypto assets and traditional financial assets (since they are represented on the same ledger); and create direct exposures for systemic institutions,” the report said. Source link
Robinhood (HOOD) Broadens Crypto Service to Europe, Notes Region’s Digital Asset Regulation
“The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans,” Robinhood Crypto’s general manager Johann Kerbrat said in the blog post. Source link
Galaxy-Backed Gyroscope’s Decentralized Stablecoin GYD Goes Live on Ethereum (ETH) Mainnet
Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained. Source link
Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol
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The Latest Tech News in Crypto and Blockchain
Dec. 7: Lantern Finance, a Web3 startup, has launched its user-friendly staking platform in 15 U.S. states, including major markets like California, Pennsylvania, Illinois, Virginia, and Massachusetts, according to the team: “Inspired by the cofounders’ experiences with the 2022 crypto bankruptcies, Lantern aims to redefine the crypto landscape with an emphasis on clarity, security, and…
Crypto on the Agenda at Republican Presidential Debate
Bitcoin, SBF, ether and SEC Chair Gensler all came up at the Republican presidential debate on Wednesday night. Pro-crypto candidate Vivek Ramaswamy said U.S. regulation needs to catch up to prevent episodes like FTX founder Sam Bankman-Fried defrauding customers and Binance breaking sanctions laws. Ramaswamy announced a plan to drastically reduce the SEC workforce and…