The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether and USD Coin, to money market funds. Key findings in the report include the observation that stablecoins and money market funds…
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital…
Optimism slid as much as 10% in the week leading up to a scheduled token unlock that will see 24 million OP tokens released onto the market. The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million…
The amount of unclaimed Arbitrum tokens accounts for 0.69% of ARB’s total supply of 10 billion. Arbitrum, a major layer-2 scaling solution for the Ethereum blockchain, has officially added the unclaimed tokens from its airdrop to its treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to its decentralized autonomous organization (DAO), the…
Vitalik Buterin’s September paper about Privacy Pools touched on an idea that could be the start of a new approach to privacy for crypto transactions. By now, most of the cryptosphere has heard of Privacy Pools — a project launched this year by Ameen Soleimani, a well-known developer and founder. As a former contributor to Tornado Cash,…
Blockchain projects should learn from Google and Facebook by monetizing users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets…
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