Cardano’s MuesliSwap introduces ‘organic APR,’ drawing praise, criticism
The new feature increases token emissions if more liquidity is put into the pool. Crypto Twitter is divided, to say the least.
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Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.
Rep. Torres asks US GAO to investigate SEC ‘failure’ to protect public against FTX
Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds.
The blockchain trilemma: Can it ever be tackled?
Blockchain trilemma is arguably the hardest technical problem to solve within Web3. How are blockchain networks approaching this?
Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report
Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady, and NBA point guard Stephen Curry promoted FTX.
Zodia Custody launches service to protect users’ crypto from exchange insolvency
The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges.
Ankr deploys $15M to make users whole as Helio stablecoin recovers after exploit
Helio protocol had a total value locked of approx. $90 million before the incident.
Mazars says users' BTC reserves on Binance are fully collateralized
The scope of the AUP was limited to users' BTC holdings on Binance.
Into the storm: The murky world of cryptocurrency mixers
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
Security in crypto comes from liquidity or the lessons we learned after FTX
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.
Was the fall of FTX really crypto’s ‘Lehman moment?’
Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?
Proactive sanctions can help spare the ecosystem: Chainalysis exec
Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.
Institutional investors still eye crypto despite the FTX collapse
Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November.
Bank of Russia wants to ban miners from selling crypto to Russians
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.
BTC price hits new December low as Bitcoin dips 2% with Asia stocks
Bitcoin fails to hold $17,000 as BTC price correlation with Asia stocks stands out on the day.
Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
Decentraland launches virtual property renting for LAND owners
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.
Report outlines reasons why stakeholders are against CBDC
The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”
US lawmakers want State Department to justify crypto rewards and disclose payouts
The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.
3AC subpoenas issued as dispute grows over claims of Terraform dump
The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.
Blockstream raising funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
Nifty News: Winamp adds NFT support, Atari gets physical and more
Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law.
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.
Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo
The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions but he was fined for it regardless and for also not declaring a “gift” of the token.
Crypto will be regulated as securities — ICE boss and Senator Warren
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.
Fan tokens struggle to hold on as World Cup quarter-finals draw nearer
Soccer fan tokens have seen their prices and trading volumes plummet since the start of the World Cup on Nov. 20.