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There is a domino effect at play here. Last year MakerDAO, the largest DeFi protocol with $8.6 billion in total value locked, pushed further into traditional asset financing, with five traditional finance asset vaults and a $30 million DAI loan using bond token collateral out to a subsidiary of French
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After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet. Original Source
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“We’re not a subsidiary of Cumberland but obviously work closely with companies like DRW,” said Churchouse in an interview. “We work with external founders, where typically there is a large first check investment for a substantial equity position in companies where we can add a genuine competitive advantage with Cumberland
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The head of BIS Innovation said that CBDCs will continue to progress despite market turmoil. Some big economies are already working on it. The last year of 2022 witnessed one of the most brutal bear markets in the history of crypto. Nearly a trillion dollars worth of investors’ wealth was
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Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform. Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on
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China’s COVID-19 protests cemented as NFTsNonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT marketplace OpenSea.At least two collections have been created in November, the first is a Polygon (MATIC)-based collection called “Silent Speech” featuring 135
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Earlier on Wednesday, Circle CEO Jeremy Allaire wrote a public letter to Brown, Toomey, Rep. Maxine Waters (D-Calif.), who chairs the House Financial Services Committee, and Rep. Patrick McHenry (R-N.C.), the committee’s ranking member, urging them to pass stablecoin legislation quickly. Original Source
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The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary Gensler was rumored to be helping FTX with legal loopholes. However, a new report indicates a contradicting viewpoint. Gensler’s Meeting With
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Bitcoin (BTC) hodlers are asking questions after 10,000 BTC dormant since 2013 suddenly left its wallet.On-chain data flagged on Aug. 28-29 confirmed a large tranche of Bitcoin had become liquid again after nearly a decade.“Lawless era” Bitcoin hit the roadAnalysts first began to notice curiously high transaction volumes this weekend
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A potential bipartisan bill to regulate stablecoins has been bogged down in negotiations, according to three people familiar with the talks, but lawmakers developing the legislation are considering releasing some draft language that may spur wider input. Source
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