BBVA Can’t Hold Cryptocurrency – And That’s a Problem
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.
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Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting
The FSB said it will continue spearheading crypto policy efforts in 2024.The body plans to release reports on crypto, tokenization and AI, and ensure its global regulatory framework for crypto is implemented.Crypto assets, tokenization and artificial intelligence (AI) remain priorities for monitoring by the Financial Stability Board, which keeps an eye on the global financial

Ethereum Meeting Leaves Open Questions Ahead of October Upgrade
A phone call that brought together a broad representation of the ethereum community to discuss critical code changes on which decisions need to be made ahead of a software upgrade scheduled for October, failed to produce immediate results Friday. The bi-weekly developers call, which this week included a majority of the network's miners and some…

Grayscale’s GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
Selling pressure in bitcoin (BTC), the world’s largest cryptocurrency, from investors taking profits in crypto investment vehicle, the Grayscale Bitcoin Trust (GBTC), may be largely over, JPMorgan (JPM) said in a research report on Thursday.The bank notes that bitcoin has dropped over 20% in the two weeks following the launch of spot bitcoin exchange-traded funds

Stellar Throws SatoshiPay a $550K Lifeline After Coronavirus Knocks Out Series A
May 28, 2020 at 16:42 UTCUpdated May 28, 2020 at 16:56 UTCThe Stellar Development Fund (SDF) has loaned micropayments firm SatoshiPay $550,000 in XLM tokens after the coronavirus pandemic put the kibosh on its Series A funding round. Under lockdown in his Berlin flat, SatoshiPay CEO Meinhard Benn told CoinDesk via Google hangout the Series…

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day
A platform that lets users swap tokens for low fees in exchange for rewards, among other features, has attracted some $150 million just a day after going live – bumping Base blockchain’s DeFi ecosystem by 80% in terms of locked value.Aerodrome, a product by Velodrome in collaboration with Base developers, hopes to act as a

Kakao’s Klay Cryptocurrency to Make First Exchange Listing
news South Korean messaging giant Kakao’s “klay” token – the native cryptocurrency of its recently launched Klaytn blockchain – is soon make its first official exchange listing on Upbit’s platform. Ground X, the firm set up by Kakao to develop the Klaytn network, announced the news in a Medium post on Sept. 5, saying klay will…

Polymarket Blocks French Traders Amid Gambling Inquiry
Polymarket blocked French traders on Friday, weeks after reports that the country's government was investigating the prediction markets juggernaut for gambling law compliance. The ban was not reflected in Polymarket's terms of service at press time, but on Friday a reporter using a VPN attempted to access the website from a French server and ran

Elrond Launches Onto Mainnet, Reduces 99% of Token Supply
Jul 31, 2020 at 10:14 UTCUpdated Jul 31, 2020 at 10:37 UTC(Bukhanovskyy/Shutterstock)Scalable blockchain Elrond has made the leap onto its mainnet and drastically reduced the token supply in the process. As part of the transition, Elrond said total token supply had been drastically reduced from 20 billion to just 20 million.Rather than burning tokens, Elrond…