Senator Lummis sends letter to Biden urging no veto for SAB 121 repeal

Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa, eBay and Mastercard, chose to leave the organization.Libra’s setback happened amid general regulatory upheaval in the crypto industry: In October alone, United States authorities…

Robinhood shares (HOOD) have fallen sharply on the back of the firm’s Q3 results which posted lower than expected crypto trading revenue.The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of the total $267 million worth of transaction-based revenue in the quarter. The release of…

At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke. 104 Total views 2 Total shares Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5.The highly anticipated London hard fork went live on Wednesday this week, ushering…

The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg. 577 Total views 16 Total shares A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the…

China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay.Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS Group Research, said Beijing could profit from the appeal of its state-issued digital currency to merchants.Bringing…

The DAI savings rate was previously increased to 1% in December 2022, and led to 35 million DAI being deposited in the span of a month, according to MakerDAO. 228 Total views 2 Total shares The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai…

Just don’t use work resources for personal gain. 1398 Total views 17 Total shares A former government contractor in Australia who mined crypto using state-owned supercomputers has avoided jail time. According to The Sydney Morning Herald, Jonathan Khoo was ordered to complete 300 hours of community service for installing code on two supercomputers run by Australia’s…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  This week China is back to work after its week-long national day celebrations, an event that is always filled with flag-waving, military parades and…

OEV-enabled oracles auction off the right to extract on-chain value to the same third-party searchers who used to bid for the blockspace. 198 Total views 3 Total shares A new oracle system aims to retrieve the additional fees paid by decentralized application (DApp) users to miners called maximal extractable value (MEV). It is the maximum…