Crypto Biz: US elections crown Polymarket
This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.
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DAOs need checks and balances to have better governance
Over the past few years, decentralized autonomous organizations (DAOs) have introduced a clear paradigm shift in blockchain governance. With their community decision-making and adherence to hardcoded rules, they have challenged the role of hierarchy and central authority that are present in modern organizations, especially as it pertains to business. Ideologically, DAOs have a lot in…
Coinbase to upsize debt repurchase by $30M
A total of $180 million 2031 Senior Notes will be repurchased by the exchange. 282 Total views 5 Total shares Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due
Bitcoin-friendly Republican candidate JD Vance wins Ohio Senate primary
Ohio’s midterm election in November will feature a Democrat and Donald Trump-backed Republican who are both friendly to the crypto industry. 299 Total views 6 Total shares JD Vance has won the Ohio Republican Senate primary election, making him the GOP’s candidate in the highly anticipated Senate race against Democrat Tim Ryan in which both…
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 3
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UK Blockchain Startup to Enter EU Settlement System After French Regulator’s Approval
U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, Oct. 23.Setl, which develops blockchain solutions for the financial sector, received a license from the Autorite des Marches Financiers and can now connect…
FTX US sees daily volume, users surge in Q3
Q3 was a volatile period for digital assets as Bitcoin wicked below $30,000 and the total crypto market capitalization shed half its value. 262 Total views 11 Total shares United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital…
South Korea: Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Operations
The South Korean Financial Services Commission (FSC) has authorized nine fintech companies to operate in the country as part of a regulatory sandbox, English-language local media The Korea Times reported on May 2.Per the report, the regulator has named the aforementioned nine startups and companies to provide innovative services using blockchain, fifth-generation telecommunications and other…
Chairman of the Digital Euro Association: ‘The primary aim of the digital euro is still not clear’
The European Central Bank (ECB) is planning to launch a prototype of the digital euro in 2023. In the next five years, Europe could have its own central bank digital currency (CBDC) up and running. However, there are still many questions surrounding the prospective digital currency. In what form could it be issued? Is the…