Avalanche’s New Subnet to Offer Blockchain Customization for Financial Institutions
The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.
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Lido Stakers Can Expect Ether Withdrawals 'No Sooner Than Early May'
Lido needs to prepare the launch of its V2 testnet and finalize for the completion of several ongoing security audits of its V2 upgrade, before enabling withdrawals.
U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money
The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.
Stablecoin Tether's Market Capitalization Nears Record High of $83B
Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron.
EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
The European Commission raises risks to privacy, openness, cybersecurity and equality in online virtual worlds
First Mover Americas: Bitcoin Buckles the Day Before U.S. Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for April 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.
Bitcoin's Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The white paper proposes more tax reform, clearer accounting standards and a DAO law.
High Ether Yields Drive $50M to DeFi Protocol Pendle Finance
The total locked value of assets on the platform has risen over 300% since the start of this year, DeFiLlama data shows.
Binance Australia's Derivatives License Cancelled by Regulator
The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia's derivatives license, according to a press release.
Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders
Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.
ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot
Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot.
Hidden Inside MacOS, the Bitcoin Whitepaper
Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.
First Mover Asia: Crypto Liquidity Providers Can Be Profitable by Considering Trade Volume, Volatility and Other Factors, Data Firm Says
ALSO: Ether falls but still outperforms bitcoin for another day as investors look hopefully at the Shanghai upgrade.
Arbitrum Foundation Offers Crypto Governance Concessions After ARB Holder Uproar
Arbitrum Foundation pledges not to move remaining 700 million ARB tokens without DAO approval of new proposals.
Ether Circles Above $1.9K as Shanghai Hard Fork Nears
Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
Radio Caca has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
Crypto’s Decentralized Exchanges Had Most Volume in 10 Months Amid U.S. Crackdown in March
Trading volume on DEXs rose to $133.1 billion in March, the third straight monthly increase, according to DeFiLlama.
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.
Inventor of Ethereum’s ERC-20 Token Standard Plans New Blockchain ‘LUKSO’ for Creative Types
Fabian Vogelsteller is launching his new project, a layer 1 blockchain “LUKSO,” and validators will be able to join the network through the Genesis Validator Smart Contract Deposit.
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
The firm said it continues to invest in and grow its asset management business.
Citi Analyst: CBDCs Will Be a ‘Trojan Horse’ for Blockchain Adoption
Future of Finance Global Head Ronit Ghose says the adoption of blockchain technology will be driven by CBDCs, digital securities and endgame tokens.
Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source
Binance has no interest in buying Huobi due to its rumored ties to China, according to a person familiar with the situation.
Crypto Investors: Why You Need to Understand Layer 1 Protocols
There’s value in crypto, even if regulators and politicians don’t dig enough to see it.
Web3 Experiential Tokens and Asset Pricing
Web3 consumer engagement models are still in their infancy, but could have the potential to unlock incremental value and enable price discovery for creators and investors alike.