Tokenized short-term liquidity funds have found product-market fit across institutions, Web 3.0 investment firms, blockchain foundations, and other crypto-native organizations this year. Six products each reached $100-plus million and one reached the $500 million mark in July 2024, eclipsing $2 billion in collective flows. Source
The concept of DePIN aims to create decentralized infrastructures that empower end-users by providing more affordable services. A unique use case of DePIN is that it enables each participant in an ecosystem to collect and contribute data to the network and be paid for their data. Using data assigned to individual users but preserving their privacy through blockchain cryptography and DePIN data sharing, enables insurers to develop more accurate assessments of driving risk for specific driverss. Unlike traditional methods that rely on broad assumptions, DePIN allows for a nuanced understanding…
As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers, says Thomas Gentle, Compliance Officer, Quadrata. Source
While the crypto ETFs are already available to investors on other trading platforms, Mox charges a lower fee of 0.12% of transaction volume with a minimum of HK$30 ($3.85) for Hong Kong-listed ETFs and 0.01% with a minimum of $5 for U.S.-listed ETFs. This is the cheapest among banks in the area, Henry Lau, Mox’s head of investment, told the SCMP. Source
That makes 26 U.S. congressional races in which the crypto industry has prevailed in either getting its pick or in opposing a candidate that the sector’s hired political guns saw as a threat to the digital assets space. Sen. Warren and her allies have been a theme of the 2024 crypto spending – which has been outpacing most other U.S. industries. The most prominent example was the $10 million devoted to defeating Rep. Katie Porter (D-Calif.) in her bid for the U.S. Senate. More recently, in Arizona’s 3rd Congressional District,…
If the DePIN’s whole product is data, then spoofing makes its datasets less valuable. Here’s how to address false data, according to Leonard Dorlöchter, co-founder of peaq. Source
Roman Storm, one of the developers of Tornado Cash, is currently facing trial over his role in the project, with prosecutors and defense attorneys arguing over whether it is a software tool or a service. Another developer, Alexey Pertsev, was convicted in the Netherlands on similar charges earlier this year. Source
“So we’ve issued the alerts against those firms, and actually, our actions have already resulted in the removal of 48 apps from U.K. app stores, and we will continue to work with third parties, like social media companies, to try to get illegal websites removed and taken down as appropriate,” Castledine said. Source
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others, from operators of the PlusToken Ponzi scheme, months after its 27 alleged masterminds were arrested. Source
Cryptocurrencies continued their recovery from Monday’s crash, with bitcoin trading above $57,000, over 4% higher in the last 24 hours. Bank of Japan deputy governor Shinichi Uchida said that the central bank would not hike borrowing costs, which may have provided some relief for investors of risk assets such as crypto. “As we’re seeing sharp volatility in domestic and overseas financial markets, it’s necessary to maintain current levels of monetary easing for the time being,” Uchida said in a speech to business leaders in Hakodate, Hokkaido. The broader crypto market,…