Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi

The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt. 2286 Total views 18 Total shares The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash.The ECCB announced the launch of its CBDC for the region via a media event held on Wednesday.DCash…

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.

More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours. 297 Total views 9 Total shares Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by…

A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17.According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science…

The fully diluted valuation of Filecoin (FIL), a digital payment and cryptocurrency system built on top of the InterPlanetary File System (IPFS), has reached $450 billion.Filecoin is a blockchain that enables users to rent unused hard drive space to store and retrieve data. Its model is similar to Snowflake, which completed the biggest software IPO…

OKEx chief operating officer Andy Cheung announced Jan. 7 that he has resigned from the cryptocurrency exchange to form a new blockchain consultancy institute called Bitwork. The entrepreneur’s stated goal is to help projects connect to markets and drive mass adoption.Helping create quality projectsCheung claimed that his contribution toward the mass adoption of cryptocurrency is…

The change came after some Binance Link clients reportedly took advantage of the program's multi-tiered fee structure through arbitrage.

The United States Securities and Exchange Commission (SEC) has responded to Telegram’s counterclaim, insisting that Grams are securities.Preventing Telegram from further violationFollowing Telegram’s counterclaim on Oct. 16, where the firm argued that its native crypto is not a security and the preliminary injunction should be denied, the SEC has responded with a new filing in…

The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week.An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” — will take place on July 30. The planned witnesses will be Jeremy Allaire, co-founder and CEO of payments…