Crypto wallets will evolve into ‘filing cabinets’ by 2030 — Crypto exec

Digital asset security specialist, Fireblocks, announced the development of a new multi-party computation, or MPC, algorithm on May 13. The algorithm is claimed to improve the transaction speed for secure digital asset transfer by 800%.Furthermore, digital asset custodians and vendors will be able to access and use the new protocol without cost. Fireblocks does not…

The rules were intended to “support public confidence ... by guarding against even the appearance of any conflict of interest.” 244 Total views 7 Total shares The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.In a Friday…

Saturday, August 18: crypto markets have seen another slump today, with some coins wavering following weekly gains, according to data from Coinmarketcap. Total market cap has dipped as low as $210 billion at press time. Market visualization from Coin360 Bitcoin (BTC) is down 1.79 percent over the past 24 hours, trading at $6,396 at press…

Price and social media sentiment swoon in unison as Yearn Finance formalizes operations budget. 603 Total views 13 Total shares After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses. YIP-54 aims to improve on previous proposals, including YIP-36 and…

Alchemix users will be able to draw no-liquidation loans backed by future yield. 981 Total views 4 Total shares New decentralized finance project Alchemix Finance has raised a strategic $3.1 million round from notable crypto investments funds and angels.The round was led by Spartan Capital, the investment arm of crypto consulting firm The Spartan Group.…

The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers. 75 Total views 4 Total shares The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets…

A New York Stock Exchange (NYSE) trader told to Yahoo Finance in an interview Aug. 3, that at the moment Bitcoin (BTC) is “very iffy” following the launch of a new regulated BTC exchange Bakkt by the Intercontinental Exhange (ICE), the parent company of NYSE. Alan Valdes, a senior partner at international advisory firm Silverbear…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Bad news for EvergrandeEven after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more blows to the crypto markets.…