Day: February 28, 2023

Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading – Regulation Bitcoin News

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Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted. TASE Exchange Moves to Regulate Cryptocurrency Trading for Brokers The Tel Aviv Stock Exchange (TASE) has published a draft proposing to allow clients of non-banking institutions (NBMs) among its members to buy and sell cryptocurrencies. It intends to expand the list of…

Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar

He said that Biden’s March 2022 order was “trying to push our government to launch a digital dollar, which I think is the single best step that we could take because it would crowd out the ecosystem of crypto that allows national security adversaries like Russia to exploit our deficiencies, our weaknesses in terms of our critical infrastructure.” Source

Dapper Labs Ruling Dunks on Private Networks

In particular, Marrero is concerned that Dapper Labs restricts the trading of Moments to the Flow blockchain, a network built by Dapper as a faster and cheaper alternative to Ethereum. While this raises questions about profits and transaction fees, the judge also argues that, on a technical level, “by privatizing the blockchain” Moments “purchasers must rely on Dapper Labs’s expertise and managerial efforts as well as its continued success and existence.” Writing in agreement with the plaintiffs, Marrero found this situation altogether different from “public blockchains, such as that underlying…

Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions – Bitcoin News

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The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided and dropped to an average of 1.634 MB by Feb. 27. Still, the blockchain grew at a rate of 0.288 GB per day, compared to the previous rate of 0.173 GB per day recorded before the Ordinal inscription trend began.…

Stacks (STX) surges as Bitcoin NFT hype grows, but its blockchain activity raises concern

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Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion. On top of that, Stacks has yet to deliver all the functionalities required to support an NFT trading ecosystem and it faces competition from projects in other blockchain ecosystems. The fundamental and technical analysis of the project suggests that…

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

Aurox launched an all-in-one trading platform called Aurox Terminal in 2020 that integrates more than 50 exchanges and now has 70,000 users and $1 billion of trading volume, the firm said on its fundraising site. It also has a crypto wallet product, and crafted its own DeFi smart contract protocol and native ecosystem token URUS. Source