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In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate. The
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Elon Musk has called for a “comprehensive overhaul” of the U.S. Securities and Exchange Commission (SEC) hours after the agency sued him for allegedly failing to testify in an investigation into his $44-billion acquisition of Twitter, now called X, last October. The SEC is examining whether Musk’s acquisition violated securities regulations.
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The company behind the XRP Ledger crypto wallet, Xumm, unveiled its plans to launch an “Infrastructure Overhaul” for the network. The company
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Blockchain addresses many of these challenges by providing a transparent and secure platform for tracking and verifying the origin, and production. Each transaction, from mining to manufacturing, can be recorded and verified by multiple parties, ensuring that the information is accurate and trustworthy. This transparency can help curb smuggling and
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“While there are plenty of imperfections in the Endgame reforms and the constitutional processes, we are better off uniting around the clean slate those reforms provide and working to make the new Maker as dynamic and successful as possible,” delegate platform Frontier Research posted on Maker’s governance forum. Original Source
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For several months now, the decentralized finance (DeFi) sector has been on the receiving end of a major bear market, so much so that the total value locked within this space has slipped from its all-time high of $150 billion (achieved back in May 2022) to its current levels of
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Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring overcollaterlization of loans, it instead allows managers, called “Pool Delegates” to issue loans from its lending pools based on a set of risk-management criteria, according to the protocol’s documents.Introducing Maple 2.0.Maple 2.0 is a fundamental overhaul
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The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said. Source
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U.S. Fed Chair Jerome Powell’s remarks on Wednesday signaled a likely slowing down in interest rate hikes as soon as the central bank’s mid-December meeting, causing mixed results in equity markets. The S&P 500 index and Dow Jones Industrial Average closed down 0.09% and 0.56%, respectively, while the Nasdaq Composite
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Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that while new legislation allowing his agency greater spot market oversight over crypto should move swiftly, lawmakers should also ensure there are no "gaps." Original Source
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