In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.
Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market
Options marketplace Opyn is rolling out an upgrade that targets capital efficiency and liquidity in the decentralized financial options market.
Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange
The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge.
Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.
India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart
A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.
Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.
Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO
Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.
Binance Expects to Earn From $800M to $1 Billion This Year, CEO Says: Report
That’s up from about $570 million in 2019.
Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.
Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says
A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.
Crypto Version of ‘Giving Tuesday’ Returns With 10X as Many Charities
While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.
US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama
The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
Leading Japanese Financial Firm SBI Holdings Rolls Out Crypto Lending Services
A subsidiary of SBI Holdings said it’s launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return.
Thai SEC Revises Net Capital Rules in Bid to Open Liquidity, Support Digital Asset Businesses: Report
The revised requirements are aimed at adding liquidity to the Thai market, while also allowing digital asset businesses to hold part of their required capital in cryptocurrencies.
Bridgewater’s Dalio: ‘I’d Love to Be Corrected’ on Bitcoin. Twitter Obliges
Bridgewater Associates founder Ray Dalio asked for and received a heaping dose of “radical candor” Tuesday.
Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to Congress
Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin’s value to her new colleagues.
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games.
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games.