Ethereum validators up 30% in a year, driven by institutional adoption
Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.
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International Anti-Money Laundering Standards for Crypto Expected in October
The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19.The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering.…
Not ‘Viable’? Berkeley Professor Takes Dim View of Stablecoins in New Critique
A University of Berkeley professor has claimed stablecoins are a “myth” in a new critique published Tuesday, September 11.Taking the emerging market sector, which includes well-known assets such as Tether (USDT), to task, Professor of Economics Barry Eichengreen argues that stablecoins are not automatically “viable” just because they are pegged to reserves of, for example,…
BIS: Facebook’s Foray into Cryptocurrency Poses New Risks for Banks
The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could generate new risks for the banking sector.The BIS — an international financial institution in Switzerland owned by 60 of the world’s central banks — published a report outlining…
Proof-of-reserves: Can reserve audits avoid another FTX-like moment?
In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up with a transparency solution called proof-of-reserves. A practice, which was recently endorsed by Binance CEO Changpeng Zhao, offers a way for exchanges to show provide transparency…
Coinbase, Binance and Kraken under scrutiny: Law Decoded, July 25-August 1
Enforcers around the world are demonstrating their interest to the industry's largest players. 392 Total views 4 Total shares Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report from…
Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold
Bitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price range "well defined"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000.The pair edged higher at the Wall Street open, in line with United…
Can blockchain supply the guardrails to keep AI on course?
Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns.So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far back as 2016, Vitalik Buterin wrote that both the crypto economics and
Two Brazilian Banks Reopen Accounts of Local Crypto Exchange to Avoid Fines
Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31.The preliminary decision to reopen accounts in major banks Banco do Brasil and Santander Brasil for local crypto exchange Bitcoin Max was granted by the Federal…