Sky, formerly Maker, launches USDS stablecoin on Solana
Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.
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Blockchain Association files support in suit to lift Tornado Cash sanctions
The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae

Ether derivatives netflow falls to lowest in 18 months — Why is this bullish?
Analysts speculate that rising Ether outflows from crypto derivatives exchanges are bullish, as they may lead to reduced selling pressure and closed leverage positions.

Eos Developer Block.one Working With Lobbying Firm on Blockchain Issues
Eos (EOS) parent company Block.one has disclosed that it is a client of a lobbying firm in a disclosure form registered in May.In the document, Block.one is cited as the client of international law firm Holland & Knight LLP, whose offices globally work on over 200 different practice areas including regulatory and government affairs, blockchain…

BitMEX to Launch Bitcoin-Settled Futures Tracking Ether Price Against Dollar
Cryptocurrency exchange BitMEX launched a new Ether -based futures contract on its trading platform. 864 Total views 15 Total shares Cryptocurrency exchange BitMEX announced a new Ether (ETH)-based futures contract on its trading platform.According to an April 24 announcement, the new derivative contract will feature a fixed Bitcoin (BTC) multiplier which will be unaffected by…

Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC
The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack. Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais (roughly $300 million) fraud scheme involving crypto. Oliveria served as the president of Bitcoin…

BTC Correction, Andrew Yang Out, William Shatner Attacks: Hodler’s Digest, Feb. 10–16
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin price drop nets Bitfinex “whale” $10 million in five minutesBitcoin’s struggle…

Sushiswap to deploy full suite of Sushi products on Harmony’s blockchain
“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related to rewards and yield farming. In a Thursday announcement from Sushi, the…

This scenario could spark Gary Gensler’s resignation: Former SEC official
John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. 570 Total views 5 Total shares The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to…