Category: ICO

Why Prime Brokers Could Be a Source of Crypto Contagion

Why? Because 1) PBs are emerging as a major player and lender in crypto markets and2) The current lending standards of PBs are tight, largely lending to low drawdown strategies (like delta-neutral), and presents low systemic risk. But, 3), if expected returns of delta-neutral strategies decline, then PBs may move out the risk curve in terms of who they are willing to lend to and what services they offer, which could brew systemic risk. Source

ICO reprimands London Mayor’s Office for Policing and Crime for complaint web form error

Web form to complain about the Metropolitan Police Service accidentally revealed victims’ data 394 people notified of potential personal data breaches Data breach “a completely avoidable error that has the potential to jeopardise public confidence in the criminal justice system” – ICO The London Mayor’s Office has today been reprimanded by the Information Commissioner’s Office (ICO) for a web glitch that potentially revealed the personal information of people who were complaining about the Metropolitan Police Service. The London Mayor’s Office for Policing and Crime (MOPAC), which is responsible for oversight…

Ethereum Just Implemented ‘Proto-Danksharding.’ What Comes Next?

“While L2s are supposed to service the base layer, their proliferation may compete with the base layer for resources such as fees, developers, and liquidity,” said Rines. “If the bulk of transactions take place on L2s, the economic incentives upholding the L1 may be diluted as validators’ fees evaporate. Furthermore, reliance on L2s could also fracture activity, weakening the cohesion and interoperability of the Ethereum ecosystem.” Source

Swell Unveils Layer-2 Ethereum Restaking Rollup With $1B Total Value Locked

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Bitcoin (BTC) Wallets from Block (SQ) Begin Shipping

The app and hardware device are two of the three keys used to secure a user’s bitcoin, with the third stored on Bitkey’s servers. Should customers lose their both their phone and the device, they can recover their funds using the “Trusted Contacts” tool, which relies on people known to the user to verify their recovery request. Source