Judges quiz CFTC, Kalshi over US election markets offering

Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impairment loss protection program at a time when liquidity providers need it the most. 801 Total views 4 Total shares Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile”…

The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap. 680 Total views 13 Total shares Own this piece of history Collect this article as an NFTIf the foreign exchange market starts using DeFi protocols instead of the current centralized systems,…

Consistently full blocks are the primary reason that gas prices have reached all-time highs. 2222 Total views 27 Total shares A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate…

Coinbase CEO says analytics platform is important to comply with AML rules and that only privacy coins can offer true privacy. 1877 Total views 27 Total shares Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around.Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase…

Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue. GMO released the disclosure in a publicly available document on Jan. 8, also revealing a steady increase in its monthly Bitcoin (BTC) mining rewards.As previously reported,…

Alfred F. Kelly, CEO of major payment processor Visa, has said that the company is still in discussions with Facebook on the Libra project.In an interview with finance and economics-focused publication Economic Value on Oct. 24, Kelly assured the interviewer that Visa still maintains a close relationship with Facebook on the subject, as it believes…

The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law. 984 Total views 43 Total shares South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as…

The platform reported the sales of all its fan tokens have generated more $150 million this year. 425 Total views 3 Total shares Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios.In a Thursday announcement from Socios, the platform said it will be dropping tokens for the…