Ethereum blob fees soar: What does it mean for L2s?

On October 9, American financial services giant Mastercard was granted a patent for a method to partition a blockchain so that it can store multiple transaction types and formats. The filing published by the U.S. Patent and Trademark Office (USPTO) reveals the details of the new system — not the first of the kind for…

United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.Libra in the United StatesThe U.S. Representative for Texas's 29th congressional district, Sylvia Garcia, introduced a draft bill to the House Financial Services Committee on Oct. 18. The draft bill, called the ‘‘Stablecoins…

With FTX creditors numbering over one million and owed up to $50 billion, FTX’s old CEO said he’s interested in starting a business to repay them all. 1615 Total views 4 Total shares Own this piece of crypto history Collect this article as NFTThe founder and former CEO of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried,…

China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. 371 Total views 14 Total shares China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to…

Decentralized exchange project Bancor (BNT) is currently in the midst of launching a massive airdrop to all its token holders. Cointelegraph took the occasion to interview Co-founder and Product Architect Eyal Hertzog, and Head of Growth Nate Hindman. The duo shared their thoughts on the airdrop, existing trends in decentralized finance (DeFi) and Bancor’s upcoming…

The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies. 320 Total views 20 Total shares Paradigm has announced the launch of spreads trading in partnership with crypto exchange FTX.In a Friday blog post, Paradigm said under the FTX partnership users would be able to…

The TradFi mindset is holding crypto back  The constantly evolving ecosystem of decentralized finance (DeFi) has emerged as a groundbreaking and experimental alternative to traditional finance (TradFi), demonstrating immense potential while simultaneously facing a myriad of challenges.  Paradoxically, some of the very behaviors that have long characterized TradFi — the prioritization of short-term profits, and…

‘DeFi is not a spectator sport,’ says Framework Labs co-founder Vance Spencer Framework Labs, the sister company of Framework Ventures, has raised $8 million in a new seed round.Station 13, an investment firm focusing on blockchain ventures related to sports, media, and entertainment, led the $8 million fundraising round for Framework Labs. Framework will use…

Private banks could be required to conduct risk assessments on case-by-case basis. 482 Total views 30 Total shares On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions.The move hints at the Israeli government’s preparations to legalize and regulate…