For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said. Source
An analyst has explained how the next major Dogecoin resistance hurdle would be at $0.084 if the memecoin manages to clear $0.076. Dogecoin Is Currently Sandwiched Between Major Support And Resistance Levels In a new post on X, analyst Ali has discussed what the on-chain support and resistance levels are looking like for Dogecoin right now. A price level is said to be an on-chain support or resistance level on the basis of whether a large number of investors share their cost basis at it or not. “Cost basis” here…
Globally, asset management is a huge industry, with a large percentage of assets in each nation being held in ETFs, index funds and other passive vehicles. In Europe, €28.4 trillion of assets are managed by the industry, of which 20% are held in passive strategies, about half in exchange traded products and half in index funds. All told, passively-held assets under management have doubled since 2015, with around one fifth of European retail investors holding such products. Analysts predict that by 2027 ETFs will account for 24% of total assets…
As staking becomes better understood, investors will demand that yield rate be more predictable. Moreover, they will pit providers – LSTs, funds, ETPs, CEXes, futures contracts – against each other to hunt for the best return. Benchmarking these returns provides a yardstick for investors, and allows providers to show the alpha they are able to deliver. Source
“It’s no secret that I have a wallet with 250,000 Ethereum units,” Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October. Source
Trust Wallet claimed that the Binance newly launched Web3 wallet unveiled during the company’s Blockchain Week is a product of its WaaS technology. Decentralized wallet provider Trust Wallet has announced the launch of its new product Wallet as a Service (WaaS) to promote the adoption of the Web3 ecosystem. In an announcement on Wednesday, the company said WaaS was designed to offer businesses various tools to provide Web 3 services to their customers. “In a digital economy where decentralization is rapidly becoming the new frontier, we’re proud to announce our…
The UK Information Commissioner’s Office (ICO) and the European Data Protection Supervisor (EDPS) have signed a Memorandum of Understanding (MoU), which reinforces their common mission to uphold individuals’ data protection and privacy rights, and cooperate internationally to achieve this goal. The MoU builds on the strong collaboration already established in other forums that both authorities mutually participate in, such as the Global Privacy Assembly and the G7 Data Protection Authorities Roundtable. The MoU sets out how the authorities will continue to share experiences and best practices; cooperate on specific projects…
The Ethereum network has usually been criticized for the number of failed transactions that occur on it and how it leads to users losing their money as a result of this. This onslaught was recently renewed after a figure in the crypto community showed the staggering amount that has been lost from failed transactions. ETH Users Lose Over 100,000 To Failed Transactions In a post on his X (formerly Twitter) platform, the Marketing and Communications Director of Blockstream, Fernando Nikolić, shared a screenshot that showed that Ethereum users had lost…
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector. Source
In the end, there might still be only a handful of actors directly interfacing with DeFi primitives. However, when these actors are vaults rather than private entities, the landscape transforms. Instead of private market makers monopolizing LP profits on decentralized exchanges, vaults can assume the same role while distributing those profits to a broad base of depositors in the vault. Source