Crypto
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Coinbase appeals SEC rulemaking petition denial as promised
[ad_1] Coinbase is continuing its efforts to ensure adequate legislation on cryptocurrency used as securities. After the United States Securities and Exchange Commission (SEC) denied Coinbase’s petition for rulemaking on cryptocurrency on Dec. 15, the crypto exchange appealed the decision on the same day. Coinbase chief legal officer Paul Grewal promised immediate action as soon as the SEC’s denial became…
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Aurory’s USDC pool drained on Arbitrum’s DEX Camelot
[ad_1] Solana-based gaming ecosystem Aurory was reportedly breached on Dec. 17, resulting in a drop of nearly 80% in liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Carmelot. According to unconfirmed reports on X (formerly Twitter), the exploit targeted Aurory’s SyncSpace bridge on Arbitrum’s native DEX Camelot around 13:00 UTC, reducing the liquidity of the AURY-USDC pool to…
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Hodler’s Digest, Dec. 10-16 – Cointelegraph Magazine
[ad_1] Top Stories This Week BlackRock revises spot Bitcoin ETF to enable easier access for banks BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash rather than just crypto. The new in-kind redemption “prepay” model will allow banking giants such…
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Kazakhstan central bank reviews digital tenge pilot successes, next steps
[ad_1] The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success after a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During its pilot run, the digital tenge was used to provide schoolchildren with free lunches in Almaty through the local Onay! card, which was originally…
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Majority of UK MPs ‘lack crypto knowledge,’ says industry association
[ad_1] The self-regulatory trade association CryptoUK has reported roughly 5% of all Members of Parliament (MPs) in the United Kingdom have publicly spoken on crypto and blockchain, suggesting a lack of knowledge. In a report released on Dec. 14, CryptoUK analyzed the sentiment of MPs between 2022 and 2023, finding that only 37 lawmakers specifically mentioned crypto and blockchain —…
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Hitachi and Concordium Foundation team up to develop biometric crypto wallet
[ad_1] Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a December 12 announcement. The new wallet will allow users to generate a set of seed words using just their fingerprints or facial scan. It will not require users to store these seed words…
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Avalanche (AVAX) posts triple-digit monthly gain as TVL surge points to user growth
[ad_1] AVAX, the native token of the Avalanche ecosystem has surprised the market, posting double-digit gains amid a drawback in the wider crypto space. AVAX token smashed through the $40 barrier on Dec.12 to reach an intra-day high of $43. At the time of publication, the layer 1 token trades at $38, up 12% over the last 24 hours and…
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Japan’s SBI looks to Saudi Aramco as it continues Middle East expansion
[ad_1] Japan’s SBI Holdings financial services firm and Saudi Arabian state-owned oil company Saudi Aramco are considering teaming up on digital asset investment and semiconductor production projects. The sides signed a memorandum of understanding (MoU) on cooperation that includes the establishment of SBI Middle East in Riyadh as a base for operations in that region. According to the MoU, signed…
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Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX
[ad_1] The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year. Some analysts believe Bitcoin is done with its rally in the short term and may roll over. Popular analyst and social…
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Tether announces wallet-freezing policy for OFAC-sanctioned persons
[ad_1] Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9. Since Dec. 1, Tether has been offering on the secondary market controls to freeze activity connected with Sanctioned persons on the United States Office of Foreign Assets Control (OFAC) Specially…
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