Bankruptcy judge signs off on $450M FTX-Voyager settlement

"Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg," wrote the Bank for International Settlements. 258 Total views 3 Total shares The Bank of International Settlements (BIS), a coalition of the world's central banks, criticized stablecoins as being "not a safe store

The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports.In a television broadcast, Maduro said that “in the coming weeks,” workers would begin receiving bonus payments “based on” Petro, rather than extant fiat…

Established crypto wallet provider Lumi announced the release of the “first real app” for collectibles. Unlike the apps that are based on built-in browsers, Lumi Collect is a separate platform designed to run on the Android and iOS devices. “We consider an app solution more secure than the web extension one,” the company says. Lumi…

SushiSwap’s CTO will instruct their lawyer to “file an IC3 complaint with the FBI” if the suspected hacker doesn’t return the funds. 501 Total views 25 Total shares Joseph Delong, chief technology officer of decentralized finance (DeFi) platform SushiSwap, announced that a hacker compromised the supply chain of its token launchpad platform, MISO.According to Delong, the…

The SEC’s enforcement division said it’s closing its investigation into Ethereum, though Consensys says the fight isn’t over yet.

The total market capitalization of stablecoins increased five-fold in the past year alone. 658 Total views 35 Total shares In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic,…

“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads. 310 Total views 10 Total shares The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory…

New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool. 482 Total views 14 Total shares New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network.Data…

CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.The decision comes…