Sunday, October 6, 2024
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Ethereum is about to get crushed by liquid staking tokens

Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become

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Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change

The New York Federal Reserve has published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed’s systems.In an April 25 statement, the New York Fed announced adjustments to its guidelines to determine which parties are eligible

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One-Man Crypto Company Crushed by Netherlands’ AMLD5 Implementation

Dutch Bitcoin (BTC) savings platform, Bittr, has decided to cease operations ahead of Holland’s introduction of the EU’s AMLD5 anti-money laundering, or AML, regulations.Bittr’s closure follows criticism of the Netherlands’ implementation of AMLD5 — reportedly resulting in crypto firms incurring greater fees than credit card companies and traditional trusts.Dutch AMLD5

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