Key takeaways from the Golden Boys’ attack on Compound DAO
A group of Compound DAO members called the “Golden Boys” won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.
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European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.Bitwala is relaunching operations under its original name in partnership with the support of the banking infrastructure company Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8.As part of the partnership
Korea: Opposition Party Boasts Pro-Crypto Policy in Contrast to Gov’t
South Korea's main opposition party, the Liberty Korea Party (LKP), is poised to unveil its policy for cryptocurrencies and crypto exchanges.As Cointelegraph Korea reported on Sept. 19, the LKP’s stance appears to be more radical and pro-innovation than that of the current government, notably in its support for the authorization of tokenized securities. Authorizing security token…
Greener pastures: Bitcoin miners now looking beyond Chinese borders
The behavior of crypto market participants often depends on political and economic factors: the price of crypto assets, regulations in a specific country, or political events. For Chinese miners, however, the factors differ somewhat. For several years, Chinese mining operations have been largely reliant on climate. While Western crypto companies fear falling stock prices and…
Orchid’s OXT Price Slips Over 20% After Launch for Trading on Coinbase Pro
American blockchain and software development firm Orchid Labs has launched its privacy network alongside its native token OXT.According to a blog post on Dec. 16, Orchid’s digital currency OXT was immediately available for trading on major United States-based cryptocurrency exchange Coinbase Pro.According to an announcement, OXT will be available in Coinbase’s supported jurisdictions, with the…
Treasury Secretary reportedly against amending crypto language in infrastructure bill
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis, and Toomey. 454 Total views 114 Total shares On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning…
Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is
Is Busan a "blockchain city" in name only? A recent report from the Busan Research Institute has revealed a peculiar trend: 62% of firms in the blockchain sandbox city of Busan, South Korea apparently do not know anything about the technology.Since last year, Busan has been considered a "regulation-free" zone for blockchain development by the…
Swiss Banking Giant Julius Baer to Offer Its Clients Crypto Asset Services
Swiss bank Julius Baer plans to provide its client access to digital asset services, following a partnership with crypto bank startup Seba Crypto, a press release from Julius Baer reveals on Feb. 26.The partnership will come into effect when Seba is granted a securities dealer and banking license by the Swiss Financial Market Supervisory Authority,…
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under the most scrutiny. 324 Total views 4 Total shares The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing…