Europe’s Coinbase users frustrated as MiCA forces sunset of USDC yield
Some Coinbase users are airing frustration at the region’s MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area.
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Tether’s USDT approved as accepted virtual asset in Abu Dhabi
Abu Dhabi Global Market regulators have approved Tether’s USDT as an accepted virtual asset, opening the door to USDT financial services.
3DOS launches decentralized global 3D-printing service on Sui
The company says it has nearly 80,000 printers spread across 120 countries.
Holding Group Behind OKEx Invests in Wuhan-Based Blockchain Startup
OK Group, the conglomerate behind cryptocurrency exchange OKEx, is investing approximately 10 million RMB ($1.4 million) into Yun Qu Technologies, a blockchain startup based in Wuhan.The announcement was made on April 8 on China’s state news network, Xinhuanet. Yun Qu is headquartered in Wuhan, the epicenter of the novel coronavirus outbreak. The investment was being discussed…
Bitwise files for ETF tracking firms with big Bitcoin treasuries
Bitwise has filed for an ETF that would invest in large market cap public companies with at least 1,000 Bitcoin on their balance sheets.
Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake
Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake in an interview with CNBC published on July 12.During his interview, Cuban commented on the social media giant’s cryptocurrency endeavors. He said:“I’m not a big fan of what they’re doing there. [...] I think it’s a big mistake.”Cuban…
The Four Phases of Decentralized Finance
Newcomers to decentralized finance, or DeFi, would be hard-pressed to believe how much the industry has grown, changed and matured in just over a year. At the end of 2018, Maker returned to the scene with relaunched tooling and a buzzy investment from the experts at Andreessen Horowitz. Compound Finance launched around the same time,…
Privacy laws might prove to be a blessing in disguise for crypto
Anti-establishment and counter-government sentiments fuelled the early days of crypto. More than a decade later, crypto is slowly moving away from its wild-west early days and into a more organized system that traditional financial institutions are reluctantly adopting. Crypto has also managed to attract the no less reluctant attention of various regulators. With reactions ranging from…
SEC claims first enforcement action in $30M fraud case involving DeFi project
"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC. 149 Total views 7 Total shares A Cayman Islands-based company and two individuals may be the first subjects in…