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The Office of the Comptroller of the Currency (OCC) today published a letter instructing banks and federal savings associations that they must demonstrate adequate controls prior to engaging in crypto-related activities. “Today’s letter reaffirms the primacy of safety and soundness. Providing this clarity will help ensure that these cryptocurrency, distributed ledger, and stablecoin activities will be conducted by national banks…
Blockchain technology is transformative for both our financial system and commercial enterprises, as well as for improving the human condition. More and more unbanked citizens both abroad and here in the United States now can have the capability to transfer and receive funds from loved ones with speed, economic efficiency and anonymity, where necessary, from oppressive regimes and governments and…
Blockchain data provider Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, the ability to identify emerging trends in the decentralized finance (DeFi) market. Technical charts and quantitative data will be accessible to view within a bespoke Arbitrum dashboard, akin to the more than 100 million data points across Ethereum,…
In brief Decentraland’s MANA and The Sandbox’s SAND tokens set new all-time highs overnight. Each Ethereum-based metaverse asset has surged over the last month since Facebook rebranded to Meta. Hype around the rising metaverse is still soaring, following Facebook’s corporate rebrand to Meta, and Ethereum-based metaverse projects are reaping the benefits. On Tuesday night, Decentraland’s MANA token and The Sandbox’s…
The man who was at the helm of the company behind what’s become known as Greece’s first cryptocurrency has allegedly caused the coin’s price to sink as he disappeared this month. The executive was off the radar for about two weeks before finally telling the press he will soon return, rejecting accusations he has crashed the market of the crypto.…
The cryptocurrency space moves rapidly, so much so that every year, there’s a new trend: from initial coin offerings (ICOs) to nonfungible tokens (NFTs) only a few years have passed. In the face of such astounding innovation, crypto companies and regulators face a growing challenge: balancing security practices with new products and features. Some companies’ approach is to move fast…
sponsored “Blockchain Brawlers” NFT Collection Launches Later this Month WAX, (Worldwide Asset eXchange), co-founder William Quigley has a vision for the future. One in which an NFT bridge – built by the company – would enable blockchain and NFT marketplaces to thrive despite their different chain types. Quigley’s vision took a giant leap forward recently has the company announced the…
The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to aid with juicy deals. Numerous partnerships between major sports clubs grabbed headlines over the last year. Even national teams…
The Collins dictionary has announced that ‘NFT’ is its 2021 word of the year, beating out a shortlist of contenders including “double-vaxxed,” “hybrid working,” and “cheugy” to claim the top spot. Collins defines an NFT—short for non-fungible token—as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or…
