Day: September 6, 2023

Five Under-the-Radar DeFi Projects You Should Be Watching

Read about five under-the-radar protocols that are expected to change the onchain game. DeFi continues to defy expectations while refusing to be written off. In 2023 the decentralized finance sector has spawned new use cases while entering new ecosystems and chains. The sort of primitives that emerged in the early 2020s, for lending, borrowing, trading, and yield generation, have undergone a makeover. The “swap token A for token B through a single liquidity pool” model popularized by Uniswap has evolved beyond all recognition: the forthcoming Uni v4 is scarcely recognizable…

Ethereum Founder Vitalik Buterin Co-Authors Paper on Blockchain Privacy and Compliance

Ethereum’s Vitalik Buterin, along with researchers and privacy advocates, published a paper on September 6, 2023, titled “Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium.” The paper introduces “Privacy Pools,” a smart contract-based protocol designed to reconcile financial privacy with regulatory compliance. The news was shared to Blockchain.News by Ameen Soleimani. Key Details Authors: Vitalik Buterin (Ethereum Foundation), Jacob Illum (Chainalysis), Matthias Nadler (University of Basel), Fabian Schar (Center for Innovative Finance, University of Basel), Ameen Soleimani (Privacy Pools) Publication Date: September 6, 2023 Abstract: The paper focuses on “Privacy…

Alex Mashinsky’s assets frozen by US court as part of criminal case

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A federal judge has ordered that certain bank accounts and property connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department. According to a Sept. 5 filing in U.S. District Court for the Southern District of New York, a judge signed off on a request to unseal a restraining order related to Mashinsky’s assets. The Justice Department can freeze accounts at Goldman Sachs and Merrill Lynch under the names of holding companies as well as accounts at First Republic Securities, SoFi Bank…

AI Chipmaker d-Matrix Raises $110M in Series B Funding Round

d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This latest funding achievement comes at a time when many chip companies are grappling with challenges in securing investments. According to a Reuters report on August 6, the funding round, led by Singapore-based Temasek, with participation…

What Is a Blockchain Sequencer? It Sits Between Ethereum and Layer-2 Networks Like Coinbase’s Base

A criticism of the setup is that today’s rollup sequencers are typically run by “centralized” entities, and thus represent single points of failure, potential vectors for transaction censorship, or possibly a choke point if authorities ever chose to shut it all down. Coinbase, for example, runs the sequencer for its new Base blockchain, a role that could produce an estimated $30 million of net revenue annually, based on estimates by the analysis firm FundStrat. Source link

Former Celsius CEO Mashinsky’s Assets Ordered Frozen by U.S. Court After Arrest on Fraud Charges

CryptoX – Cryptocurrency Analysis and News Portal On August 16, New York Judge Jed Rakoff issued an edict forbidding financial institutions from selling assets in a number of Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX, the filing said. Source The post Former Celsius CEO Mashinsky’s Assets Ordered Frozen by U.S. Court After Arrest on Fraud Charges appeared first on CryptoX. CryptoX Portal

FDUSD Market Cap Jumps By 20% Following Binance Directive

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The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on the crypto exchange in July. Binance’s Directive Drives Adoption Of FDUSD  On August 31, Binance confirmed reports of intention to halt support for Binance USD (BUSD) stablecoin following the regulatory embargo on the token’s issuance.…

Bitcoin bids move to lowest since March as BTC price dips under $25.7K

Bitcoin’s (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, a new analysis warns. In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book. Analyst: Bitcoin bulls and bears both lack “real strength” BTC’s price has stayed tightly rangebound since the weekend, but exchange data suggests that the status quo may be about to change. Publishing a snapshot of the BTC/USD order book on Binance, Alan cautioned over what he called “concerning” changes in…

NFT collapse and monster egos feature in new Murakami exhibition – Cointelegraph Magazine

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Even if you aren’t personally familiar with famed Japanese contemporary artist Takashi Murakami, you have surely seen his work. The pop artist’s brightly colored signature characters have appeared on everything from limited edition Louis Vuitton bags to Supreme shirts to Vans skateboarding shoes. Having collaborated with celebrities like Drake, Kanye West and Billie Eilish, and institutions such as the Museum of Modern Art and Gagosian, Murakami is, without a doubt, one of the biggest “conventional” artists to try their hand at making nonfungible tokens (NFTs). Despite this, his projects still…