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Sestagalli is behind formerly top Avalanche projects like Wonderland, a treasury-backed currency protocol, and Abracadabra, a platform that provides collateral based on yield-bearing assets deposited by users. SPELL, TIME and MIM – three tokens associated with the two projects – had a combined market capitalization of over $6 billion at
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One, Ervin Ursic Kovac told CoinDesk that he’d sent some ether (ETH) to his account on Sept. 12 and sold it for euros, but was unable to withdraw the currency, and was instead greeted with a pop-up message that his account had been closed early with no prior warning. He
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On Monday, London High Court Justice Richard Smith dismissed Cøbra's appeal on the November ruling saying that, although there are several reasons why parties would legally request anonymity, including threat to life, Cøbra's reasons for not identifying themselves seemed "not only unworkable but also risked undermining the very principles of
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The report, which follows allegations from broadcaster and former politician Nigel Farage that his bank account was shuttered over his political views, said "the most common reported reasons for personal and business account applications being declined, suspended or terminated were financial crime suspicions identified, due diligence concerns, and inactive/dormant accounts." Original
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In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority. Original Source
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Binance's staked ether token (BETH) experienced $573 million in deposits across two single days in September, more than quadrupling total value locked to $731 million, DefiLlama data show. Original Source
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Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate. Original Source
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On Monday, Chainlink’s co-founder Sergey Nazarov spoke at SWIFT’s global financial services networking event Sibos. Nazarov and Nigel Dobson, banking services lead at Australia and New Zealand Banking Group (ANZ), dove into cross-chain settlement using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Original Source
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"No one really expects a change in the policy rate or balance sheet guidance at this meeting," Scotiabank said in a preview note to clients on Friday. "Instead, it will focus upon tweaks to forward guidance on the policy rate, updated macroeconomic projections and guidance that [Fed Chair Jerome] Powell
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MiCA, which takes effect in 2024, represents the world’s first comprehensive crypto regulation in a major jurisdiction, allowing service providers to operate across the bloc with a single license. As an EU member, Malta wants to align its crypto rules with MiCA and "ensure a smooth transition for Virtual Financial
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