Finance

The U.S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden’s wider strategy to tackle illicit finance involving digital assets. Following two rules proposed by the Financial Crimes Enforcement Network (FinCEN) in 2020 that enforce transaction reporting on unhosted wallet transactions exceeding $10,000, while also compelling banks …

U.S. Treasury Department on Track to Regulate Unhosted Wallets Read More »

Summary: Ethereum’s 24-hour liquidations at $140 million have topped the list exceeding Bitcoin’s. Ethereum has been hit by a sell-off that has seen the value of ETH drop to as low as $1,473. The selling of ETH could be attributed to anxiety linked to the depegging of stETH on the various decentralized platforms such as …

Ethereum’s 24hr Liquidations at $140M Exceed Bitcoin’s, Amidst Fears of stETH Depegging Read More »

As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency? …

DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert Read More »

Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more …

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks Read More »

Economic Indicators Jun 10, 2022 11:10PM ET © Reuters. FILE PHOTO: German Finance Minister Christian Lindner addresses the media during a news conference after the country agreed to change its constitution to allow for a credit-based special defense fund in Berlin, Germany, May 30, 2022. REUTERS/Michele Tantu BERLIN (Reuters) – Germany’s federal government has reached …

No reserves in Germany’s federal budget, says finance minister Read More »

It is roughly one month since LUNA and UST crashed. There have been significant changes during that time, including a plan to keep LUNA alive through a fork. The latter resulted in LUNA 2.0 and LUNA Classic. Many who suffered big losses from the LUNA crash have distanced themselves from the project. However, there are …

Decoding the LUNA 2.0 v. LUNA Classic debate: Which one should you buy Read More »

From a developmental point of view, this past week was a great week for the Chainlink Blockchain. On 7 June, the Network published a roadmap and initial implementation of staking within the Chainlink network which “is to give ecosystem participants, including node operators and community members, the ability to increase the security guarantees and user …

Chainlink: Despite good news all around, why is LINK having such a tough time Read More »

From the look of things, the MimbleWimble Extension Blocks (MWEB) implemented on Litecoin’s Network have failed to provide the much-required succor for the Network’s LTC token. The MWEB upgrade was implemented to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network. So what went wrong? Since the …

Litecoin’s MWEB was going to aid a rally but is now getting delisted – what’s going on Read More »

With the wider crypto-market bleeding, there are many who wish to know how long the drawdown will go on for. It is in this context that during a recent edition of his podcast, Anthony Pompliano discussed Bitcoin’s on-chain analytics and what they mean. “Wait and watch” Having fallen by over 6.56% in a short span …

‘Risky’ Bitcoin may have a ‘wait and watch’ game going on for itself Read More »

Dogecoin has always been an iffy cryptocurrency considering its fundamentals and uses cases. However, it managed to amass an audience of seasoned and amateur traders alike. But with the recent crash, that spell may break soon. Dogecoin fails to be a good boy The last week was one of the most devastating, if not the …

Dogecoin: Down 92% from its all-time-highs, is DOGE gone for good Read More »