“Say I want to code an ERC-20 token called ‘ABC’ with 100 million supply,” Spectral Labs CEO Sishir Varghese told CoinDesk in an interview. “Syntax would generate all of the code for the user. The user would be able to compile, test for vulnerabilities, test for gas efficiency and code optimization, and then deploy the app directly on-chain right from the interface.” Source
Members of the Technology Working Group include the U.K. government’s finance arm and the Financial Conduct Authority, which regulates the country’s finance sector, including crypto. This new report builds on the group’s November report where it urged regulators to establish clarity for tokenization as firms continue to take an interest in it. Source
Bernstein notes that while tokenized money market funds are not new, the launch of the BlackRock USD Institutional Liquidity Fund (BUIDL) is significant in the way the investment manager has “brought in key ecosystem partners from both the traditional world and the crypto world.” “This would facilitate interoperability between both sides and would comfort more traditional customers to adopt on-chain funds, without major friction points,” analysts Gautam Chhugani and Mahika Sapra wrote. The fund is represented by the blockchain-based BUIDL token, and is fully backed by cash, U.S. Treasury bills,…
Bitcoin and gold may already be pricing in a crisis scenario. Both recently set new record highs amid an elevated interest-rates environment worldwide. Source
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“We also do not see the state of inflows into spot Bitcoin ETFs as any cause for concern,” Bitfinex analysts said in an email “Even though negative ETF outflows featured heavily last week, all of it is from the Grayscale Bitcoin Trust (GBTC), as investors both switch out of the higher fees demanded by GBTC and also take profit, especially as many of these investors are long-term holders who entered during the bear market.” Source
The blockchain could see huge traction among retail audiences due to its proximity to the prominent Coinbase exchange, a sentiment that’s driving activity and growth of native Base tokens. Source
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings. Source
Alderoty wrote that the company will file its response to the SEC’s motion next month, adding “As we all have seen time and time again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead … Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the industry at large. We trust the Court will approach the remedies phase fairly.” Source
Of course, Nigeria might do well to welcome the crypto industry to the country, which will help jumpstart a financial services industry and contribute to the national coffers. Notably, after Gambaryan and Anjarwalla’s arrest, a Binance spokesperson said that Nigeria was “not yet” one of its top markets, though the country, with a population of more than 200 million people, holds “extraordinary potential and we hope to continue to invest there.” Source