The Indian Government’s apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with 5ire, a blockchain focused company, and Network Capital, a mentorship and career exploration platform. Source
Some observers have touted restrictions on how people can spend their money as an advantage of a central bank digital currency. Source
After crypto exchange FTX’s bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records. Source
On one side: Democrats (some, not all) say SBF’s misdeeds are a function of crypto, highlighting its supposed laxness and irresponsibility. How else do you explain the rise of a hugely rich and powerful man-child? “The collapse of one of the largest crypto platforms shows how much of the industry appears to be smoke and mirrors,” Sen. Elizabeth Warren (D–Mass.), a longtime crypto critic and standard bearer for this wing, has said. On the other side is the idea that SBF is an old-fashioned fraud, the sort seen many times…
According to Glassnode on-chain data, Ethereum staking has reached an all-time high of 16.16 million ETH worth $26.41 million, which has been deposited into the beacon chain. In other words, 16.101 million ETH have been staked on the Ethereum proof of stake beacon chain, as indicated by Glassnode on-chain data. The 16 million ETH figure consists of over 13.28% of the total Ether supply and represents $22.38 billion at current prices. As per the data, out of the 16 million ETH staked, about 11.408 million ETH have been staked through…
Last week’s rush into short products came as bitcoin (BTC) surged to a four-month high above $22,000. At the current $22,750, bitcoin is up more than 40% thus far in 2023. Interestingly, last July’s big inflow also came alongside a sizable rally for the crypto that saw the price move to above $24,000 from a low of $18,200 in June. Original
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher. Source
Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three days ago, the co-founder of Ethereum, Vitalik Buterin, published a blog post that gives a comprehensive overview of stealth addresses and the benefits of using them. Stealth addresses are a feature that is supported by…
Vitalik pointed out that there has been no viable stealth address solution thus far, even though it offers a more functional and comprehensive privacy solution when compared to the now-sanctioned crypto mixer Tornado Cash. Vitalik Buterin, the co-founder and the most popular figure behind the Ethereum blockchain network has shared insights on the use of stealth addresses as a viable way to maintain true privacy on blockchain networks. In a blog post tagged “An incomplete guide to stealth addresses,” the blockchain developer highlighted how maintaining privacy has been more vital…
A host of big banks in America are collaborating on a payment wallet to facilitate debit & credit-driven online retail transactions. Several big American banks are reportedly planning a payment wallet to facilitate online shopping. These banks include Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and four other financial institutions. According to the Wall Street Journal, the group’s planned digital wallet service could compete with PayPal and Apple Pay. As it stands, the big banks’ payment wallet has yet to have an official name. Regardless, Early Warning Services LLC will manage the…