Category: crypto

The Aave community is considering withdrawing the lending protocol from Polygon’s PoS chain due to potential risks associated with the rehypothecation of stablecoin reserves. Founder Marc Zeller argues that this move would protect Aave from vulnerabilities and reduce security threats. The community is supporting Aave’s cautious approach to safeguard users’ funds.

CoinShares’ report shows the crypto sector had $3.2 billion in inflows last week, marking 10 consecutive weeks of positive flows. Year-to-date, total flows reached $44.5 billion, with $11 billion coming in since Trump’s election victory. Bitcoin ETPs saw $2 billion in inflows, with Ethereum also experiencing positive momentum. Altcoins like XRP, Polkadot, and Litecoin also…

El Salvador’s Central Reserve Bank has granted Bitget a Bitcoin Service Provider license, allowing the exchange to offer Bitcoin-related services such as converting Bitcoin to fiat currencies and managing Bitcoin custody. Bitget is also pursuing a Digital Assets Service Provider license to expand its offerings in Latin America. President Nayib Bukele announced that El Salvador’s…

Ripple CTO David Schwartz warns investors against panic-buying Ripple USD stablecoin before its official launch, citing possible initial supply shortage leading to price fluctuations. He advises against paying inflated prices for early access, emphasizing that the stablecoin’s price will stabilize around $1. Schwartz discourages fear-driven purchases and emphasizes RLUSD is not a speculative asset. Despite…

Mark Longo, creator of viral pet Peanut the Squirrel, issued a “cease and desist” letter to Binance for unauthorized use of his intellectual property. Longo’s legal team accused Binance of violating copyright laws by promoting the PNUT token with Peanut’s name and image. Longo vows to protect his creative work.

The Financial Accounting Standards Board (FASB) has implemented a Fair Value accounting rule for cryptocurrencies starting Dec. 15, 2024. This update aims to improve accounting practices and transparency by requiring companies to measure their crypto holdings at fair value and disclose key details. The market sees this as a positive step towards mainstream adoption of…

US President-elect Donald Trump is reportedly considering establishing a Strategic Bitcoin Reserve (SBR) through an Executive Order, using the Treasury’s Exchange Stabilization Fund. The concept has gained global traction, with countries like Brazil and Japan also considering similar measures. Some are concerned about the centralization of Bitcoin’s supply in corporate reserves.

The history of internet logins dates back to the 1960s and 1970s with the development of computer networks. The introduction of web-based logins in the 1990s brought new security challenges. Blockchain technology has potential to revolutionize logins with zero-knowledge proofs, but current scalability and cost issues hinder widespread adoption.

Bitcoin has been hitting new all-time highs almost weekly in November, reaching nearly $100,000 on November 22nd. The altcoin market has been reinvigorated, with a $1.49 trillion market cap. The relationship between Bitcoin and altcoins is important, and memecoins have dominated the market recently. Older altcoins are returning to the scene as Bitcoin’s bull run…

Vincent Maliepaard, Marketing Director at IntoTheBlock, discusses the slow adoption of DeFi by institutions due to regulatory hurdles, structural barriers, liquidity fragmentation, and risk management issues. To attract institutional capital, DeFi must develop institutional-grade infrastructure and risk management solutions to transform traditional finance and establish itself as a key player in the financial ecosystem.