Gary Weinstein, the founder of Infinity Advisory LLC and former state assistant attorney general, said all of the attendees present were in favor of consumer protections and “high-integrity” markets, including Gambaryan. He noted that Gambaryan had been invited by the Nigerian government when he visited in February and was given a “false assurance of safe passage.” Source
“The real volume of crypto is tied to countries like the U.S. and others,” Gronager said. “The story we are trying to tell you is more like saying crypto users per capita. So basically, how many people using [crypto] within the country. The adoption is, like, who’s holding crypto for the average people in countries. In the U.S., that’s less than it is, for example, in India.” Source
Despite all the challenges, I believe DePIN is the killer use case for enterprises adopting blockchain, and it has the potential to become the next trillion-dollar industry. After the mass adoption of DePIN, distributed ledger technology will have a transformative effect on the telecommunications sector, similar to the launch of the internet. In the end, it will lead to efficient infrastructure deployment and maintenance with automatic settlements and billing among all parties, fostering decentralization, independence, and seamless collaboration between multiple stakeholders. Source
Ethereum’s ability to host a wide-range of applications and assets has been evident for years, but the investment case for its native token, ETH, has become increasingly complex. In the wake of key protocol changes, particularly the hardforks activating EIP-1559 and EIP-4844, investors are asking how Ethereum’s adoption will translate into ETH’s long-term value. Source
“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which was slightly more than markets had priced in before the FOMC meeting. In other words, the Fed positively surprised markets with this rate cut. Original
Bitcoin-backed stablecoin USDh launches on Stacks L2, offering new DeFi options. Hermetica has expanded its Bitcoin-backed stablecoin, USDh, to the Stacks (STX) Layer 2 network, marking a significant step for Bitcoin-based decentralized finance. This move allows users to hold USDh, a stablecoin pegged to the US dollar and fully backed by Bitcoin (BTC), while earning yields of up to 25%, according to a press release shared with crypto.news. Unlike typical stablecoins backed by fiat reserves in banks, USDh is fully tied to Bitcoin. This allows Bitcoin users to earn yield…
A bank would use Visa’s new platform to purchase tokenized RWAs such as commodities or bonds with near-real-time settlement, using a token, the statement said. One of the first financial institutions to use VTAP will be Spanish bank BBVA, who expects to rollout a live pilot in 2025. Source
Este artículo también está disponible en español. Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development. Therefore, in this report, we take a look at the significant increase in whale transactions and active addresses, as well as what could have triggered this burst of interest on the previously muted blockchain. Chainlink Whale Volumes Rises 295.93% According to data from the IntoTheBlock website,…
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision […] Original
Despite recent network hurdles, The TON (Telegram Open Network) blockchain has picked up its pace once again witnessing a significant surge in on-chain activity, triggering a rapid growth in the ecosystem. With the introduction of new projects on the platform, the network has experienced a substantial uptick in users’ engagement and transactions. On-Chain Metrics On TON Blockchain Skyrockets Marketing strategist and investor, Xeusthegreat shared the positive development on X, sparkling optimism within the community. The surge in on-chain activities indicates a rising interest in the blockchain due to its resiliency…