Tag Archives: AA News

MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead.  Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC In the governance channel of MakerDAO’s official Discord, Rune expressed concerns over the US Treasury Department’s latest...

BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product: a private bitcoin trust that offers direct exposure to spot BTC price action. BlackRock has debuted its first investment product offering direct exposure to bitcoin, according to a statement issued on Thursday (August 12, 2022). The product is a private bitcoin trust for institutional clients based in the US that offers direct exposure to the spot price of the largest...

Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking, as well as building some of its core infrastructures, including their Erigon upgrade, Ankr has now received a strategic...

Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance vendors that were subsequently blocked. It cited that a certain portion of the funds in these account wallets had, in some way, interacted...

Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW –  said that the once “almighty” Ethereum Foundation has abandoned “decentralization” as part of its missions as the transition towards proof-of-stake (PoS) neared. Goals In a long...

CryptoPunks is arguably one of the most iconic collections of NFTs – the one that ignited the niche’s bull market in 2021 and throughout the first few months of 2022. It appears that users are showing renewed interest in the non-fungible tokens as data reveals a soaring trading volume over the past 24 hours. Data from popular DApp resource DappRadar reveals that the interest in the CryptoPunks NFT collection is soaring over the past couple of days. The total trading volume...

LongHash Ventures – an Asian investment firm and accelerator that’s geared towards web 3 – has announced a $100 million venture fund for the decentralized web.  The money will be targeted at “multi-chain Web3 infrastructure projects” supporting DeFi, NFTs, GameFi, and the metaverse. Per a press release shared with CryptoPotato on Wednesday, the fund will continue to raise capital until the end of the year, aiming for $100 million. LongHash has already backed over 60 projects,...

Jenny Johnson – President and Chief Executive Officer of Franklin Templeton – thinks the ongoing economic condition is in a very grim state, while bitcoin is “the best distraction” from that downfall. She also praised blockchain technology as a great innovation that will positively impact different industries in the near future. Established in 1947, Franklin Templeton is a global investment firm with over $1.5 trillion of assets under management. Apart from traditional...

With the upcoming Vasil hard fork, Cardano is expected to see an overhaul on the network. The focus will be on ramping up throughput and smart contract improvements. In a recent report, on-chain analytics platform, Messari observed that Cardano is “priced more aggressively” when compared to other growing ecosystems due to Vasil. It further said the market seems to be expecting significant improvement from the much-anticipated upgrade. Cardano Overvalued? Cardano has been...

Following the halt to all CoinFLEX withdrawals in June – and the subsequent partial restart in July – CoinFLEX has filed a motion to be restructured with the authorities in the Seychelles Islands. In fact, the company’s headquarters are based in the islands. Fallout Blamed on a Single Margin Call The exchange’s troubles allegedly began due to longtime crypto investor Roger Ver failing to meet a margin call of $47 million. This was not the only reported issue with Ver – and...