Polygon Labs proposes defi protocols as critical infrastructure in new regulatory framework

Polygon Labs, in collaboration with Arktouros law firm, has put forward a new regulatory framework that proposes designating certain decentralized finance (defi) protocols as critical infrastructure crucial to the national and economic security of the US.

Polygon Labs proposes defi protocols as critical infrastructure in new regulatory framework

The suggestion was published on Jan. 29 by Rebecca Rettig and Katja Gilman of Polygon Labs, alongside Arktouros co-founder Michael Mosier. Their 45-page document focuses on combating i...

7 months ago

Maker generates $14m in revenue, Ethereum’s earnings surge

Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell.

Maker generates $14m in revenue, Ethereum’s earnings surge

According to data provided by Defi Llama, Maker Protocol generated $14.22 million in revenue — also collected the same amount in fees — in the past 30 days. However, The DAI stableco...

7 months ago

dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal

dYdX Contributors Support Foundation’s Proposal

dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal

The dYdX tokenholders are voting on the $30 million fundraising request proposed by the dYdX Foundation, which is likely to get approved. The Foundation published a blog on J...

7 months ago

BlackRock’s IBIT Bitcoin ETF crosses $2B in market cap

Inflows in recent days and a recovery in Bitcoin’s price on Jan. 26 contributed to BlackRock’s ETF performance.

BlackRock’s IBIT Bitcoin ETF crosses $2B in market cap

BlackRock's Bitcoin exchange-traded fund (ETF) reached $2 billion in assets under management (AUM) on Jan. 26, just two weeks after it debuted on the Nasdaq.  According t...

7 months ago

China halts restricted shares lending amid market turbulence

The China Securities Regulatory Commission (CSRC) is suspending the lending of restricted shares in an effort to curb short-selling.

China halts restricted shares lending amid market turbulence

The Chinese securities regulator has announced another move to limit short-selling activities amid stock market turbulence.  The China Securities Regulatory Commission (CSRC) repo...

7 months ago

Tesla missed out on $300M profit after Bitcoin sales

Elon Musk’s auto company has liquidated 70% of its Bitcoin portfolio to date yet exhibits caution in letting go of the remaining holdings.

Tesla missed out on $300M profit after Bitcoin sales

Tesla’s refusal to “hodl” Bitcoin BTC $42,073 have resulted in a missed opportunity of over $300 million in profits. Tesla’s Bitcoin investment ...

7 months ago

Crypto karaoke platform hacked for over $11.5m

The South Korean karaoke blockchain platform Somesing lost access to 730 million SSX tokens worth $11.58 million due to a hack.

Crypto karaoke platform hacked for over $11.5m

According to a blog post by Somesing, the hack occurred on Jan. 27. Among the stolen SSX tokens, 504 million were still unallocated tokens that were initially scheduled to go into circ...

7 months ago

Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26. This marks the first submission of its kin...

7 months ago

18 US senators now ‘stand with crypto’ — Coinbase lobby group

A total of 18 senators now fall into the pro-crypto camp, according to analysis from Coinbase advocacy group Stand with Crypto.

18 US senators now ‘stand with crypto’ — Coinbase lobby group

At least 18 senators in the United States support crypto, according to recent data from Coinbase’s nonprofit advocacy organization Stand with Crypto.  Stand With Crypto ...

7 months ago

Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money

A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum.

Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money

The time has come to put the cards on the table. For the past couple months, developers behind the Celo blockchain have been evaluating technical proposals from teams who mig...

7 months ago

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