Jump Crypto unstakes $315M of ETH, now headed to exchanges

The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.

Malta-based cryptocurrency exchange OKEx has added support for a new feature that allows users of stablecoin Dai (DAI) to earn interest by staking their holdings.In a blog post on Dec. 17, OKEx confirmed users can now stake their Dai via its in-house mining pool, Pool. In return, they will earn 4% interest via the so-called…

Jerome Powell cited CBDCs and digital assets in his speech to open the New York Innovation Center at the Federal Reserve’s local offices. 462 Total views 8 Total shares The Federal Reserve Bank of New York has announced it will be partnering with the Bank for International Settlements Innovation Hub as part of the launch…

The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments. 

‘Now is the time to invest in Bitcoin,’ the full-page ad in UK-based international business newspaper Financial Times states. Mike Novogratz’s Galaxy Digital is following in Grayscale Investments’ footsteps by releasing an ad for cryptocurrency to the general public, this time using print media.A full-page ad for the cryptocurrency investment bank appeared in the U.K.-based…

Chinese mobile payment app Alipay is toughening its stance towards users who use their Alipay accounts for over-the-counter (OTC) Bitcoin (BTC) trading, Beijing News website reports August 24. The overwhelmingly popular Alipay counted 400 million users as of August 2017, and is run by Alibaba affiliate Ant Financial, which has recently been valued as high…

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Alyssa Tsai, founder and CEO of Panony — an incubator, investor and adviser for blockchain and Web3 business.My name is…

The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain.On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that six…

Two dozen security tokens drove $9.15 million in trade during September. 1746 Total views 15 Total shares Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%.From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly…