Cryptocurrencies and conventional derivative assets are combined to create synthetic assets, often known as synths. Synths are, in other words, tokenized derivatives. The blockchain is getting more and more popular for decentralized finance. Due to increased popularity,
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Google Cloud and Polygon (MATIC) developer Polygon Labs are teaming up for a new initiative that could boost the expansion of the world’s largest blockchain ecosystem. Polygon says that the partnership will make it easier for developers to build, launch and grow Web3 products and decentralized applications on the protocols of the layer-2 scaling platform. “Today at […]
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Crypto exchange Coinbase (COIN) launched Base, a layer 2 network built using Optimism‘s OP Stack, to attract millions of new crypto users in the coming years. The testnet of Base was started by Coinbase on Thursday. Coinbase is joining Optimism as a core developer on the open-source OP Stack, a developer toolkit for the Optimism network, […]
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Dutch prosecutors now have access to Alexey Pertsev’s computer, and are using it to probe key details, like governance and profit-making at the privacy service. Dutch prosecutors investigating Tornado Cash developer Alexey Pertsev have recently gained access to his laptop, and are now using the data to probe key features of the case, like whether […]
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Details on the Biden Admin’s (regime) coordinated, ongoing effort across virtually every US financial regulator to deny crypto firms access to banking services. What began as a trickle is now a flood: the US government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry. And the administration’s efforts are […]
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The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements.
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Crypto protocols BonqDAO and AllianceBlock have been exploited for approximately $88 million due to an exploit in one of BonqDAO’s smart contracts. The exploit occurred around 1 p.m. EST today. The hacker removed around 114 million walbt, AllianceBlock’s wrapped native token, and 98 million beur tokens from one of BonqDAO’s troves. The trove is controlled by users and […]
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The UK government introduced a new crypto regulatory framework via a consultation paper published by the Treasury on Wednesday with stricter rules for investing and trading. Top of the agenda for the government is to introduce a regime to regulate crypto more broadly. The paper takes a stab at designing a regime that covers crypto […]
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The need for consumer protection has recently increased, given the high occurrence of scams and hack incidents in the crypto space. As a result, even global regulators, governments of different countries, and crypto firms have been seeking ways to keep bad players from exploiting customers. In line with this, wallet providers have started tightening their security with enhanced features […]
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