Friday, March 29, 2024
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Derivatives Body ISDA Hopes New Digital-Asset Norms Will Prevent FTX-Style Losses

“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” ISDA CEO Scott O’Malia said in a statement, adding that new definitions would help in bankruptcy cases. Original Source

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Citigroup Furthers Crypto Push With Two Digital-Asset Hires

Meanwhile, Cunningham has been named director and strategic partner development for digital assets for the TTS division. Cunningham most recently was chief commercial officer at regtech firm LexTego, along with chair of crypto exchange Coinmama. He’ll be based in Dublin, reporting to Kunal Bist, global head of TTS strategic partnerships. Source

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Solana Could Become the Visa of Digital-Asset World: Bank of America

“Solana prioritizes scalability, but a relatively less decentralized and secure blockchain has trade-offs, illustrated by several network performance issues since inception,” Shah said. “Ethereum prioritizes decentralization and security, but at the expense of scalability, which has led to periods of network congestion and transaction fees that are occasionally larger than

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