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Crypto news

Launch a Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Ethereum Standard

Cayman Islands, UK, August 22nd, 2024, Chainwire Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless restaking protocol, will allow developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust...

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Italy’s Banca Sella offers Bitcoin trading to its users

Banca Sella, one of Italy’s oldest and most respected banks, has announced plans to offer Bitcoin trading to its customers via its mobile application Hype The Hype platform was developed in 2021 as a joint effort between Banca Sella Holding and Illimity Bank. Using Hype, Italian users can trade Bitcoin without going through exchanges. To ensure safe trading with no trouble, Banca Sella has restrictions on yearly bitcoin trades for its customers. With “Hype Start” status, users can transact as...

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Abu Dhabi Advances Fiat-Referenced Token Regulation with New Framework

FSRA’s latest proposals seek to regulate Fiat-Referenced Tokens (FRTs) to improve stability. FSRA will assess feedback submitted by the public until October 3 before making a final decision. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued Consultation Paper No. 7 of 2024, which outlines ideas to improve its regulatory framework to support the issuance of Fiat-Referenced Tokens  (FRTs). This is an important milestone as the FSRA seeks to enhance...

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Binance CEO Announces 1,000 New Hires Amid U.S. Regulatory Pressure

Binance, the world’s largest cryptocurrency exchange, is set to hire 1,000 new employees this year, with a significant portion of these roles focused on compliance. This move comes at a time when Binance has been escalating efforts to address the increasing regulatory pressures, notably in the US where its compliance outlay is likely to exceed $200 million annually. The information was disclosed by Binance’s Chief Executive Richard Teng to the Bloomberg News in an interview during his trip to...

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Babylon to Launch Self-Custodial Bitcoin Staking Mainnet in Two Days

Babylon, a blockchain developer, is set to launch its self-custodial Bitcoin staking mainnet in just two days as part of a phased rollout. This launch is designed to leverage Bitcoin’s economic properties to strengthen the security frameworks of proof-of-stake (PoS) blockchains. It offers a new level of security for decentralized systems. The most fundamental aspect of this new system is that the user can stake his or her Bitcoin via a smart contract. This self-custodial model can ensure...

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