Abra settles with SEC over unregistered securities charges
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.
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Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet
According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet. 539 Total views 3 Total shares On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users “to create,…

Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020
Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded.In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to Bitcoin. Graf has sought to gain exposure…

Cboe seeks to add staking to Fidelity’s Ether ETF
The filing is the latest effort by a US exchange to integrate staking into Ether ETFs. 1412 Total views 4 Total shares Securities exchange Cboe BZX is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), according to a March 11 filing. The filing marks Cboe’s latest attempt to support

Bitcoin to hit $100K in 2024? Canaan VP weighs up 2024 halving opportunities
Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000. 624 Total views 2 Total shares Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force the price of Bitcoin (BTC) past $100,000.Magazine editor

Binance takes credit for thwarting an attempted exit scam on its blockchain
The centralized part of “CeDeFi” did not seem to help, though. 2468 Total views 21 Total shares Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB).Wine Swap was an automated market maker platform similar to Uniswap that launched…

Ethereum is going to transform investing
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined. Ethereum’s core value propositions — self-custody, transparency and disintermediation — are enormously relevant to financial…

Blockchain and Smart Contracts Have a ‘Dark Side’, Says Researcher
The immutability of blockchain ledgers and smart contracts have a “dark side,” argues UPenn professor Kevin Warbach. 408 Total views 12 Total shares Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance. So goes the argument in a new post for…

Lower interest rates could be the key to DeFi summer: HashKey CEO
Declining interest rates — along with rising investment in Bitcoin — could provide the fuel the DeFi market needs to experience a long-awaited resurgence.