Kristin Smith Sees ‘Bright’ Outlook for U.S. Crypto Policy
The Senator has embraced the term “anti-crypto” when describing her critical views of the space. However, her views rarely reflect that of the mainstream, even within the Democratic party. Advocates are already pushing back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and continues to educate willing policymakers.
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Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH
Aave holders are voting on a governance proposal to convert $3 million worth of ether (ETH) to wstETH and rETH.The Aave token is up by 7.24% in the past 24 hours.The proposal has 252,000 votes out of a required 320,000 at press time and closes in two days.Holders of decentralized finance (DeFi) token Aave are…

GenZ’s Toolkit for a New Bangladesh: Blockchain
We all remember where we were “when it happened”: I was in a dark cabin, waking up on a flight from Los Angeles to Dhaka to reunite with my family. A fellow Bangladeshi sat nearby, and our phones were abuzz with notifications. We exchanged wide-eyed glances, not yet daring to believe the magnitude of what

Coinbase to Invest $2 Million USDC in DeFi Projects Compound and dYdX
news Coinbase is putting money to work as part of a bid to grow the decentralized finance (DeFi) ecosystem. Announced Tuesday, the US cryptocurrency exchange is investing 1 million USDC each in lending protocols Compound and dYdX. Called the “USDC Bootstrap Fund,” Coinbase says the new fund will support developers by “investing USDC directly in the…

Over 40 Central Banks Are Considering Blockchain Applications: Davos Report
news More than 40 central banks worldwide are experimenting with blockchain technology, says a new report by the World Economic Forum. Published Wednesday, the report analyzes how different central banks are either examining what blockchain can be used for or are outright experimenting with central bank digital currencies (CBDCs). “It’s very much the case that…

Ether Awaits Price Breakout After Bitcoin’s Record Daily Close
Ether continues to struggle for a breakout above key resistance even as bitcoin, the crypto market leader, looks north after record daily close.The native token of Ethereum’s blockchain is yet to take out the falling trendline drawn from May and September highs. Bitcoin cleared similar resistance two weeks ago and ended Tuesday above $64,000 –…

Hong Kong Bitcoin ETFs Likely Not Available for Mainland Chinese Investors: Bloomberg
Mainland Chinese investors won't likely get the green light to buy the newly launched Hong Kong-listed spot bitcoin ETFs, Bloomberg Intelligence analysts reported.This isn't a surprise given China's restrictive stance on crypto.Hong Kong's spot bitcoin ETFs are a positive for the industry overall, but given its relatively small market may not have a huge impact.

Hybrid Blockchain Maker Kadena Adds Chainlink Price Feeds
May 19, 2020 at 14:00 UTCKadena founder Stuart Popejoy (Credit: CoinDesk archives)Kadena is now integrated with data provider Chainlink for streamlined pricing feeds.Announced Tuesday, the project helmed by former JPMorgan blockchain leads has inked a deal to use Chainlink’s existing set of off- and on-chain oracles for pricing Kadena-based assets, beginning with kadena (KDA), co-founder…

Ripple’s Head of Information Security Leaves for Token Startup
Ripple's head of information security is leaving the company. Revealed exclusively to CoinDesk, Sujay Jaladi is departing the San Francisco-based firm, which is best known for its role in developing XRP, the third-largest cryptocurrency by market capitalization. Jaladi is joining Harbor, a startup that provides a compliance platform for issuers of private securities housed as…