Barclays Is Pitting Blockchains Against Each Other (For a Cause)
The bank’s DerivHack event will attempt to suss out which of the major enterprise DLT platforms works best for derivatives life cycle smart contracts.
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Libra Hires HSBC Veteran Ian Jenkins as CFO, Risk Chief of Digital Payments Unit
Oct 15, 2020 at 14:20 UTCThe Libra Association, the organization developing the Facebook-backed cryptocurrency project libra, on Thursday hired longtime banking executive Ian Jenkins to lead the stablecoin group’s finance and risk operations.Jenkins will become chief financial officer and chief risk officer for Libra Networks, the group's digital payments subsidiary.Jenkins previously led international banking giant…

DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March
The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago, according to DefiLlama data.The resurgence of the DeFi market is based on two factors: rising asset prices and fresh inflows from

Schumer Sets Stage for New Era of U.S. Crypto Politics
The big news from the Crypto4Harris town hall Wednesday night is that Senate Majority Leader Chuck Schumer is going to try to pass a crypto bill through the upper chamber by the end of the year. "Congress has a responsibility to provide common sense and sound regulation on crypto, and we need your support to

Facebook’s Libra Co-Founder Morgan Beller Departs to Return to VC
Sep 22, 2020 at 14:40 UTCUpdated Sep 22, 2020 at 14:49 UTCFacebook’s Libra Co-Founder Morgan Beller Departs to Return to VCLibra digital currency project co-founder Morgan Beller has left Facebook in a pivot back to her venture capital roots. Beller, 27, will become a general partner at early stage startup-focused VC firm NFX, according to…

Terra Website Compromised; Developers Warn Against Phishing Scam
Layer 1 blockchain Terra said its website was compromised over the weekend by hackers that are using the access to attempt phishing attacks on visitors, who are prompted to connect their online or hardware wallets."To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)money domain until we post another update…

PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M
Nov 2, 2020 at 08:23 UTCUpdated Nov 2, 2020 at 08:31 UTCYi Gang, governor of the People's Bank of China( Lintao Zhang/Getty Images)PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299MThe governor of the People’s Bank of China praised recent tests of its national digital currency at the Hong Kong Fintech Week conference on…

Block.one Paid $30 Million for a Domain
news Social networking is so hot right now but is it hot enough to spend $30 million on the domain name Voice.com? Block.one thought so. The blockchain consulting outfit paid MicroStrategy for access to what it calls a “ultra-premium domain name” in order to give their new social network a leg up in adoption. Voice.com…

Crypto Money Market Compound Lets You HODL and Earn
Wouldn't it be nice to earn interest on your crypto holdings? Especially in a down market, those hodling crypto would love that. And ethereum-based startup Compound is launching a product to do just that. Revealed exclusively to CoinDesk, Compound's platform for allowing crypto enthusiasts to make their holdings available for short-term loans, in turn, earning…