Wednesday, October 9, 2024
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Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move

"Note that we are selecting codebases and sub-components here, so we feel it is less useful to directly compare metrics like TVL, transaction count, users, except as indicators of what a closer collaboration and/or shared bridge between the two ecosystems could look like in future," cLabs wrote. "This exercise is

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European Banking Authority proposes overhaul of AML, CFT rules for crypto providers

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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Vitalik Buterin unveils insights on plasma and proposes solutions

In an article dated Nov. 14, Ethereum co-founder Vitalik Buterin delves into the intricacies of Plasma and the associated challenges in extending it to tokens and the Ethereum Virtual Machine (EVM).  While acknowledging rollups as the industry’s primary preference, Buterin highlights the potential advantages of Plasma, particularly in reducing transaction fees

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Rep. Tom Emmer proposes to defund SEC’s crusade against crypto

Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement.On Nov. 8, Emmer attached an amendment to HR 4664 — the Financial Services and General Government Appropriations Act, or federal budget. The amendment, which has

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US CFPB proposes supervising digital app providers, including crypto wallets

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend its supervision to consumer reporting, consumer debt collection, student loan

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