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Digital asset platform Bakkt has announced its plans to shift its focus to B2B technology solutions. The company said it will soon be sunsetting its consumer-facing app, which was designed to give users the ability to utilize their digital assets in different ways. The app, launched in March 2021, offered
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The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will "increase
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The SEC-registered investment firms offering or advising about cryptocurrencies will be a focus, and the regulator will make sure the companies “followed their respective standards of care when making recommendations, referrals, or providing investment advice,” according to a statement. Source
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On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.The report indicates a change in investor sentiment
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The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers
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The move comes after Sushi's chief technology officer, Matthew Lilley, said in a tweet thread on Jan. 3 that two of its products – the Kashi lending platform and MISO, a launchpad for external tokens – would be shuttered because of low public interest and the significant effort that went
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According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code
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Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Year’s celebrations. This comes as traders turn their attention to tomorrow’s Federal Open Market Committee (FOMC) minutes report. Ethereum also continued to trade above $1,200 in today’s session. Bitcoin Bitcoin (BTC) edged closer
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As CryptoX reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at
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