Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies. In published comments before the Federal Reserve Bank of Philadelphia on Tuesday, Hsu called for consolidated supervision for crypto firms in which regulators or an authorized group could conduct oversight of a company…
A new crypto project is looking to bring the future of money back to its roots: bartering. And with $24 million in fresh funding, the Anoma Network has already turned a few heads. Polychain led the round and was joined by Fifth Era, Electric Capital and Zola Global, among others. The idea behind Anoma is simple: With all the advances…
beginner Changelly continues to introduce its users to tokens that have been recently added to the platform. One of them is the JST token — a native governance token from the JUST project. Changelly users can now effortlessly exchange JST tokens at floating rates. JUST is a decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire…
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses the “details of the specific timing, procedures, and amount of such repayments.” Mt Gox Creditors May See Bitcoin…
BlockFi’s high-yield crypto savings accounts are facing increased pressure from regulators in the U.S., and now the Securities and Exchange Commission is also investigating the firm, according to Bloomberg. The New Jersey-based crypto company lets users lend and borrow a wide variety of cryptocurrencies, like Bitcoin and Ethereum, as well as stablecoins, such as USD Coin and Tether. What’s more,…
Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market. The interest rate for each NFT mortgage ranges from 1.5% to 3.1% on properties in four U.S. states, the company disclosed Wednesday. That’s the interest rate borrowers pay after minting their mortgage…
Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone. The $200 million financing round saw participation from several new investors, including Marshall Wace, Third Point and Think Investments, who contributed alongside existing investors such as…
Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin…
In brief Consensys began as an Ethereum incubator in Brooklyn. Its flagship products are a wallet and infrastructure hub. The company says its priorities after a new $200M funding round are hiring and marketing. Ethereum software incubator ConsenSys announced on Wednesday that it has raised $200 million from Coinbase Ventures, HSBC, and a host of other investors. The funding round,…
Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these user capabilities through the enablement…
