Aave deploys V3 on Ethereum after 10 months of testing on other networks
The new version includes features that developers believe will increase capital efficiency and lower gas fees Go to Source Powered by WPeMatico
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TradFi and DeFi come together at Davos 2023: Finance Redefined
Decentralized finance meets its traditional counterpart at Davos, with a growing cross-pollination between the two. Go to Source Powered by WPeMatico
Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB) … Read more
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. Go to Source Powered by WPeMatico
Porsche NFT trading volume nears $5M despite launch woes, minting halt
Developers of the nonfungible tokens had halted minting on Jan. 25 in response to user complaints. Go to Source Powered by WPeMatico
Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million. Go to Source Powered by WPeMatico
Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023
A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023. Go to Source Powered by WPeMatico
Tether moves to combat child abuse content marketplaces
Tether set to collaborate with anti-child-abuse network INHOPE to help the industry combat child abuse material marketplaces. Go to Source Powered by WPeMatico
Several Crypto Exchange Websites Taken Down in Kazakhstan
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled … Read more
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of … Read more