Regulation Threatens US Dominance of Financial Markets Dave Weisberger, Co-Founder and CEO of CoinRoutes, argued that excessive regulation in the US threatens to undermine the country’s long-standing dominance in global financial markets. He warned that other countries are embracing blockchain and crypto to build more efficient digital markets, which could cause the US to lose its competitive edge and trillions…
Building a Developer-Friendly zkRollup to Scale Ethereum Daniel Helm, head of Developer Relations at Scroll, discussess how they are building a zkRollup to scale Ethereum transactions and lower fees. He explained their focus on creating a seamless developer experience by maintaining Ethereum’s ethos and tooling. Scroll aims to launch their mainnet soon, providing more scalable blockspace for Ethereum developers. Stacy…
Bitcoin (BTC) exchanges have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as…
Newly Partnered with Visa, Solana Focuses on Reliability Solana has improved network reliability through upgrades like Quick and local fee markets. It recently partnered with Visa to allow settling transactions in USDC on Solana. This could enable merchants to receive instant payments and save on credit card processing fees. Stacy Elliott spoke with Austin Federa, Head of Strategy for the…
Crypto Accounting Challenges and Opportunities As crypto matures, accounting and tax regulations are evolving. Amy Kalnoki of Bitwave explains how her company helps crypto companies properly account for digital assets. She notes the importance of flexibility as new crypto assets emerge and regulations change. Stacy Elliott interviewed her at Messari Mainnet 2023. Source: https://decrypt.co/videos/interviews/0Sezz6pZ/crypto-accounting-challenges-and-opportunities
Decentralize Derivatives Trading with Custom Blockchain David Gogel of dYdX discusses how the decentralized exchange is building a custom blockchain to fully decentralize derivatives trading. He explained how the new dYdX chain will allow validators to run order books in memory, enabling decentralized order matching at scale. This shift aims to increase security and transparency for traders while maintaining the…
A new Bitcoin fungible token protocol is the talk of the town. Casey Rodarmor, the creator of Bitcoin Ordinals protocol, rolled out a new protocol called “Runes” dedicated to fungible tokens yesterday. The Ordinals protocol has provided a platform for issuing meme tokens and NFT-like assets on the Bitcoin blockchain through the BRC-20 standard. Its current design, however, tends to…
A number of cryptocurrency platforms reporting billions in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found. Bitspay, a crypto exchange that reports $1.4 billion daily trades on CoinMarketCap, claimed that it held a licence in and was regulated by Estonia, however after Cointelegraph reached out with…
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors. Source: https://cointelegraph.com/public/index.php/news/crypto-lender-celsius-creditors-vote-favor-reorganization-plan
More than 98% of creditor groups of the insolvent crypto lender Celsius have voted in favor of the proposed reorganization plan, which will return between 67% and 85% of their investments. Additionally, Celsius’ creditors will get equity in a newly formed entity, tentatively called “NewCo,” according to a voting declaration filed by restructuring agency Stretto on September 25. The reorganization…
