Wyoming stablecoin may launch Q1 2025 —Governor Mark Gordon
Private issuers of stablecoins could extend the lifespan of the US dollar by driving demand for the underlying fiat currency.
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No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express
Hong Kong exchanges expand amidst continued investor interest, Philippines to issue $180M in tokenized bonds, China rules out civil protection for crypto, and more! by Zhiyuan Sun 4 min November 16, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong
Key Bitcoin futures metrics show traders are bullish despite flat BTC price
Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October.BTC/USD 4-hour chart. Source: TradingViewWhenever the Bitcoin price stabilizes, there is always an increased…
Traditional Stock Market Valuation Techniques Reveal Overvalued DeFi Projects
While it is difficult to define the intrinsic value of most cryptocurrencies, decentralized finance, or DeFi, tokens appear to be an important exception.As explained by Lucas Campbell, analyst at Fitzner Blockchain Consulting, in his Bankless blog entry, many decentralized finance protocols can be considered products with well-defined revenue streams.For example, Maker (MKR) makes money through…
Bloomberg: Crypto Companies Still Run Into Trouble Opening Bank Accounts
Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it…
Enterprise Ethereum Alliance and Hyperledger Enter Formal ‘Association’ Agreement
The Enterprise Ethereum Alliance (EEA) and Hyperledger announced October 1 they would join each other’s organizations as “Associate Members” in order to support enterprise blockchain adoption.The EEA, an enterprise blockchain organization created in March 2017 by Santander, JPMorgan, and a variety of other members, focuses on improving the privacy, scalability, and security of Ethereum (ETH)…
Avalanche’s HyperSDK blockchain upgrade hits 143K TPS on testnet
Ava Labs is testing a high-throughput framework that will enable developers to build their own virtual machines. 14 Total views 1 Total shares Smart contract layer-1 blockchain network Avalanche's testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade.Avalanche is currently testing a framework for building high-performance Virtual Machines
Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.The FTX drama escalated last week when the Royal Bahamas Police Force arrested its former CEO, Sam Bankman-Fried, at the request of the United States government. Within hours, politicians, crypto executives and influencers had all booted up their Twitter…
Seba Bank raises $119M in Series C funding
“This funding will allow us to further develop our digital asset banking platform and strengthen our presence in global markets by attracting new talent,” says Guido Buehler, CEO of Seba Bank 349 Total views 19 Total shares Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday…