Silvergate Bank CEO Bets on Higher Crypto Price Volatility After $40M IPO

news Holders of the dollar-pegged stablecoin TrueUSD can now leverage their funds to generate returns under a new partnership between the token’s developer TrustToken and crypto lender Cred. The deal will enable TUSD holders take part in the CredEarn program, which pays back interest for loans of digital assets to Cred’s platform. Within the U.S., TUSD holders…

Credit: Shutterstock/BankrxAmun Launches Token Tracking the Inverse of Bitcoin’s PriceA new token lets traders make gains whenever bitcoin’s price falls.Swiss fintech firm Amun launched its BTCSHORT (BTCS) daily inverse token Wednesday, which returns a gain based on bitcoin’s (BTC) inverse price movements in a given 24-hour period. The product complements a recent bitcoin inverse exchange…

The firms aim to build technology that "appeals to traditional institutions, payment providers [and] governments."Curv team(Curv)Jan 28, 2021 at 2:02 p.m. UTCUpdated Jan 28, 2021 at 2:27 p.m. UTCAlgorand Teams Up With Crypto Custodian Curv for ‘Trusted DeFi’Algorand, the proof-of-stake network launched by Turing award winner Silvio Macali, has partnered with digital custody tech provider…

The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.As part of Binance’s plea deal with the DOJ earlier this year, the crypto exchange agreed to pay $4.3 billion in fines and appoint an independent compliance monitor.

The Ethereum Foundation researchers' original goal was partly to keep the liquid-staking industry's dominance from growing even further – by reducing the incentives for new stakers.But the proposal has led to pushback from some quarters of the community, who question whether the change is needed, or if these sorts of manual adjustments can succeed in

Money is flowing into the crypto market through stablecoins or the U.S. dollar-pegged tokens for the first time in over a year, according to data tracked by blockchain analytics firm Glassnode.The 90 day net change in the supply of the top four stablecoins – tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Dai (DAI)

Ethereum co-founder Vitalik Buterin released a new blog post on Monday detailing his concerns over OpenAI CEO Sam Altman’s new crypto project, Worldcoin, which launched its mainnet this week.In the post, Buterin highlights four major concerns with Worldcoin’s user authentication system, called “Proof-of-Personhood” (PoP).Worldcoin claims it can authenticate its users without storing personal data or…

news The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency. The Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has designated Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to the Specially Designated Nationals List, as…

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