Riegel said AVM simplifies smart contracts’ treatment of escrow payments, their ability to send transactions and their handling of slippage in slippage in trades. It also improves on the complex math underpinning “complex DeFi applications,” he said, like the authentication procedures protecting cross-chain mechanisms, or bridges. Source
Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets,” said the regulator. First Crypto Fund Approved Under Swiss Laws The Swiss Financial Market Supervisory Authority (FINMA) announced Wednesday that it “has approved the first crypto fund according to Swiss law.” The regulator elaborated: For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets.…
Blockchain platform Algorand has today announced the launch of the Algorand Virtual Machine (AVM), a layer-1 protocol upgrade designed to enhance decentralized app scalability for developers and organizations, enable instant transaction finality, as well as sustain a negative carbon output. In addition to these advancements, the AVM also will give developers program tools to write smart contracts in Python or Reach, a similar format to the multi-paradigm web page language Javascript. Two weeks ago, Algorand showcased their highly-anticipated smart contract architecture with the implementation of Plutus-powered scripts in the Alonzo…
“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos,” Bukele tweeted at that time. Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Es ist so weit EIP-1559 ist live und schon bald könnte Ethereum deflationär werden ! ⏰ Themen Übersicht⏰ 00:00 Intro 00:13 Ethereum Zielzone erreicht ! 03:35 Ethereum steigt weiter ? 07:40 EIP-1559 ist live 08:18 Ethereum Burn – 6.500 ETH bereits verbrannt 🔥 11:19 Ethereum extremer Supply Schock voraus ? 14:30 Outro #Bitcoin #BTC #BitcoinTrading ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
The crackdown prompted centralized exchange Huobi to begin to stop providing its service in China, and similarly, many Chinese DeFi projects are giving up their market in China, according to sources who agreed to speak to CoinDesk on condition of anonymity because of the sensitive nature of the subject. Original
This forces users to switch between various front-ends and services when trying to pursue cross-chain yield farming strategies – an often agonizing process in a field where speed and efficiency are key to returns. Despite the clear need, however, few challengers have emerged to the ConsenSys-owned MetaMask, comfortably the most dominant wallet. Source
More than a year later, while it is yet unclear what specifically has changed, something definitely has. When defendants admit crimes, the court has to be satisfied they know what is going on and are not coerced. Griffith had to make the admission in his own words. In that moment, it seemed as if, bit by bit, the judicial process had chipped away at him. The pain in his voice was noticeable. Source
Ripple is launching a $250 million fund focused on exploring new use cases on non-fungible tokens (NFTs) on the XRP Ledger (XRPL). The fund, unveiled Wednesday as part of Ripple’s XRPL developer summit, will aim to foster innovation in tokenization with a focus on NFTs. Creators, brands and marketplaces will be given support to explore how the XRPL’s speed and cost can support new use cases for NFTs. The Creator Fund is being launched by Ripple in partnership with NFT marketplaces Mintable and mintNFT, and brand design agency VSA Partners.…
The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes $1.25 Million Penalty The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has imposed a $1.25 million penalty on cryptocurrency exchange Kraken. The derivatives regulator issued an order filing and settling charges against Payward Ventures Inc., dba Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to…