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New US bill to require firms to report off-chain transactions to CFTC

A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository.On Sept. 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” requiring trading platforms to report all transactions to a repository registered with the Commodity Futures Trading

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U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

A lot of the day-to-day transactions from crypto investors happen only internally at the handful of major exchanges, recorded by the companies rather than on public blockchains, but this bill would call for regulated repositories to gather the data for each trade of a “digital commodity, digital asset, or digital

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PayPal applies for NFT marketplace patent for on- or off-chain asset trading

PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off-chain. The patent application, which is

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Offchain Labs Releases ‘Arbitrum Stylus’ for Coders Who Don’t Know Ethereum Virtual Machine

“If you're outside of this space, and you're thinking about, ‘How do I bring my video game that's written in C++ to the blockchain?’” Bousfield said, “being able to use the tooling you already know, and have processes for, and have all this talent already hired at your company for,

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Arbitrum Builder Offchain Labs Acquires Prysmatic Labs, a Core Team Behind Ethereum’s Merge

“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in [the programming language] Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use,” Raul Jordan, the co-founder of Prysmatic Labs said

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Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers

As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between the two exchanges.Three days prior,

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Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million – Bitcoin News

On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises

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Offchain Labs launches Arbitrum One mainnet, secures $120M in funding

Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution.Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed

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