The lawmaker begs the industry to leave the “bad boats” to burn out at sea and ditch the word “crypto” following FTX collapse. Source
Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says
Day: December 1, 2022
MakerDAO Community Votes to Hike DAI Rewards to 1%
Increasing the rewards known as the DAI Savings Rate (DSR) means that investors can earn a 1% annualized return on their DAI holdings, giving an incentive for investors at a time when decent yields in crypto are scarce. The return is still much lower than what is available for traditional yield-generating assets such as U.S. government bonds. Source
Solana-based market maker integrates Stripe for fiat-crypto transactions
As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases, along with fiat-to-crypto transactions. Users can now purchase SPL tokens, which include USD Coin (USDC) and Solana (SOL) with fiat currencies. According to Ori Kawn, the…
Solana-Based DEX Orca Partners With Stripe for Fiat Transactions
Orca, a Solana-based decentralized exchange (DEX), has integrated with payments heavyweight Stripe to to power its fiat-to-crypto transactions. Source
CME Group Teaming With CF Benchmarks for 3 New DeFi Rates and Indices
“These three new benchmarks, together with Uniswap launched earlier this year, will capture more than 40% of the total value locked in [decentralize finance] protocols on the Ethereum blockchain,” said CME Group’s head of cryptocurrency products, Giovanni Vicioso. Source
Crypto and Capitulation — Is there a silver lining? Watch Market Talks on Cointelegraph
On this week’s episode of Market Talks, Cointelegraph welcomes Magdalena Gronowska, co-founder of Citadel 256 and senior consultant at MetaMesh — a blockchain consultancy and building platform. This week, we take a deep dive into everything that is happening in the crypto space — we get Gronowska’s professional take on Sam Bankman-Fried and the whole FTX saga and also BlockFi’s bankruptcy. Bitcoin (BTC) miners have also had a rough few months with profits slowly dipping. What are the odds of most miners shutting down shop and selling their Bitcoin while still…
NYDFS Proposes Regulation Allowing It to Charge Crypto Companies in New York for Supervision Costs
Only crypto companies with a BitLicense – a special business license granted by NYDFS that allows firms to business in New York – will be subject to the assessments. Just 22 companies currently hold a BitLicense, which is notoriously difficult to obtain, and only three have been issued this year. Source
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse – Bitcoin News
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto in cold storage, centralized exchange (cex) platforms, and decentralized exchange (dex) protocols for years, the Dutch family has decided to proactively transfer $1 million in digital assets to dex protocols in order to have more…
Polygon APIs to Soon Deploy on Web3 Indexing Service The Graph
CryptoX – Cryptocurrency Analysis and News Portal The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data that is difficult to query directly. Source The post Polygon APIs to Soon Deploy on Web3 Indexing Service The Graph appeared first on CryptoX. CryptoX Portal
Bitcoin Could Reach Near $18,000 If It Breaches This Resistance
Bitcoin’s price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko’s three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here’s a quick glance at how Bitcoin is performing of late: Optimistic market movement and surprising investor buying The technical indicators reveal a range of possible outcomes, some bullish and some bearish, but bears are still there There will be no significant price hike this next…