Crypto prices swung as Fed chair Jerome Powell spoke about the pain of inflation in the US. The Fed remains committed to reigning in inflation, even if at some “unfortunate costs.” Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium. He said that FOMC’s overarching directive remains to…

Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…

Itay Tuchman, Citi’s global head of foreign exchange, has left the bank after more than two decades. As one of the chief architects of a push into digital assets in the bank, Tuchman is headed for a job in crypto, a source said. The top executive was one of the chief architects of a push…

Following the US government banning the Ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Ltd. revealed on August 24 that the company would not “freeze Tornado Cash addresses.” The recent blog post about the subject says Tether is waiting for instructions from law enforcement. The stablecoin issuer has yet to receive a request…

On August 24, Mastercard CEO Michael Miebach announced in a LinkedIn post the collaboration with Binance to launch a prepaid card called Binance Card. The card service is set to launch in Argentina first before expanding to other regions. It will allow users to make purchases with a Binance card at over 90 million stores…

Decentralized exchange Uniswap has blocked 253 crypto addresses, data leaked on GitHub revealed. It was the first time Uniswap has shared details on this matter, adding further information on its methodology. Over the four months of working with blockchain analytics firm TRM Labs, Uniswap has blocked 253 crypto addresses. It was the first time Uniswap…