The crypto industry has seen a significant surge in the number of developers working on various projects, according to a new report by Electric Capital. The firm, which has invested in several early-stage Layer-1 platforms and crypto startups —like Bitwise, Gitcoin, dYdX Near Protocol, and Inmunefi— found that the number of developers in the crypto industry has doubled over the past two years. Electric Capital obtained its data by identifying 250 million code commits across...
Read More »Crypto Exchanges Should be Supervised as Banks, Urges Japan’s Financial Regulator
Mamoru Yanase – Deputy Director-General of Japan’s Financial Services Agency (FSA) – urged global watchdogs to impose tougher regulations on the cryptocurrency industry. He believes digital asset exchanges should be treated the same way as banks. It’s All Because of FTX According to Yanase, one way to prevent another collapse of a cryptocurrency platform is if regulators treat such entities as traditional financial institutions. The Japanese referred to the demise of FTX,...
Read More »Here’s How Alameda’s Liquidators Incurred $11.5M Loss in 2 Weeks: Report
Liquidators of Sam Bankman-Fried’s bankrupt trading powerhouse Alameda Research reportedly incurred a significant loss of over $11 million since the start of the year due to multiple liquidations. According to blockchain analytics platform Arkham Intelligence, Alameda lost $11.5 million in liquidations, with a single loss of $4.85 million and a preventable loss of over $4 million. Over the past two weeks being under Liquidator control, the account incurred significant...
Read More »German Online Bank N26 Announces Crypto Trading Expansion to 5 More European Nations
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Read More »China’s CBDC, e-CNY Used to Purchase Securities for First Time
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Read More »Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost
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Read More »Animoca Founder Yat Siu Orchestrates Merger of CryptoSlam and Forcast.News
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Read More »Binance Launches Off-exchange Settlement Solution Binance Mirror for Institutional Investors
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Read More »Bradesco Unveils Its First Tokenized Bank Credit Note, BBD Shares Drop 3%
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Read More »Meet The House Republican Who Could Decide Crypto’s Future
While crypto prices rallied last week, the public learned House Republicans are forming a cryptocurrency subcommittee. The announcement may spell the beginning of the end of U.S. regulatory ambiguity on blockchain and digital assets. “Strange, isn’t it? Each man’s life touches so many other lives. And when he isn’t around, he leaves an awful hole, doesn’t he?” — Clarence, “It’s A Wonderful Life” (1946 Christmas drama about a banking panic). Addressing a Big Hole Rep. Patrick...
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