Proposed change could save Ethereum from L2 ‘roadmap to hell’
Critics say ETH is in a death spiral, with plunging fee revenue and extractive L2s. But researchers have a plan to Make Ethereum Great Again.
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Happy Halloween: The five spookiest stories in crypto in 2022
After over 13 years of ups and downs, this year stands out for having the most turbulent bear market in the history of crypto. Owing to a mix of factors — that include regulatory clearances across the globe and improved credibility among projects that survived the bear market — the world of crypto marked numerous…
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
CEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence. 23 Total views 1 Total shares Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to…
Amid ongoing legal proceedings, Bitfinex announces Tether loan repayment
A half-billion dollar loan has been closed out, but multiple court cases grind on 3547 Total views 14 Total shares In a short statement today, Bitfinex — the sister company to centralized stablecoin Tether — announced that it has repaid Tether an outstanding loan balance of $550 million. This action fully closes out a larger…
US Financial Watchdogs Join UK’s Global Financial Innovation Network
The Global Financial Innovation Network (GFIN) — an alliance of 50 organizations aimed at supporting financial innovation — has onboarded an array of United States regulatory agencies.According to an Oct. 24 press release published by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the…
Standard Chartered Banking Group Joins Ethereum Enterprise Alliance
International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA).In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets.Standard Chartered is latest EEA banking member“Technology enables us to facilitate…
Ripple Adds Four Members to Regulatory Team, Joins Blockchain Association
San Francisco-based blockchain startup Ripple has announced three new appointments to its global regulatory team and that the company will be joining the Blockchain Association.Per an Oct. 22 blog post, Ripple has onboarded four new members — Craig Phillips, Michelle Bond, Ron Hammond and Susan Friedman — to its global regulatory team based in Washington…
Axie Infinity, Decentraland and ‘metaverse’ cryptos rally after Facebook rebrands to Meta
Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects.Decentraland, a virtual place with its own economy, currency (MANA) and social events — accessible to anyone with a web browser — saw its…
Moon Landing initiative brings neurodiversity to NFTs and supports art non-profits
Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world's biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume…