DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV.
First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A New Bitcoin-Based Arcade Game Is Leaving a Mark on Gamers
A platform that went live last week looks to expand bitcoin usage by attracting players to win-to-earn games that run wholly on the Bitcoin blockchain.
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.
Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
As many as six entities have filed applications with the U.S. Securities and Exchange (SEC) for Ethereum Futures exchange-traded funds (ETFs) as of filing time on August 2, 2023.
G20 President India Publishes Its Input for Framing Global Crypto Rules
As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.
Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information
As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.
Bitcoin Bounds Past $29.9K on MicroStrategy BTC Purchasing Plans; ADA, SOL Turn Green
CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours.
Litecoin ‘Halving,’ Set for Wednesday, Should Harden Supply of ‘Digital Silver’
The once-ever-four-years "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mechanics that crypto analysts…
Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry
As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country’s blockchain future, says Ukraine's deputy minister of…
GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty'
Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday.
The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers
The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.
Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans
The environmental argument "should not be used as smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter.
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