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The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system. 738 Total views 1 Total shares On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals…

Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis.“On July 6, 2023, cross-chain bridge protocol Multichain…

When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications. The implications for what sorts of projects the SEC considers a security are, in and of themselves, huge. But part of the appeal of VCOIN to the…

Former Facebook Vice President and Deputy General Counsel Paul Grewal will lead crypto exchange Coinbase’s legal team. 941 Total views 14 Total shares Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, is joining crypto exchange Coinbase’s legal team.In a July 8 announcement on the Coinbase blog, the crypto…

Microsoft, IBM, Hyperledger and other technology and financial organizations have formed an alliance to develop global standards for tokenized ecosystems. 2075 Total views 43 Total shares Microsoft’s principal architect Marley Gray and Enterprise Ethereum Alliance’s former director Ron Resnick today launched the InterWork Alliance (IWA), a non-profit organization aimed at bringing global standards for the…

Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum (ETH) blockchain-based, decentralized identity platform. The news was announced in a press release published Dec. 13.Identity.com is Civic’s open-source, decentralized and tokenized digital identity ecosystem that uses smart contracts to provide on-demand, blockchain-based identity validation.Shoemaker joins the initiative after…

Since merging into the Yearn ecosystem, the sometimes controversial decentralized exchange SushiSwap has been consistently eating into Uniswap’s dominance of the sector. 2907 Total views 14 Total shares Following its merger into the Yearn ecosystem, SushiSwap has been making significant inroads into the market share of leading decentralized exchange Uniswap. On Jan. 29, Messari researcher…

There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now.Even before 70% of Bitcoin’s (BTC) value evaporated seemingly overnight, things were not going great in the court of public opinion. Negative sentiment was everywhere; a Twitter account documenting crypto bros taking it on…

Organizations led by German fintech etonec designed a system that takes advantage of zk-SNARK to provide untraceable transactions within regulatory limits. 410 Total views 3 Total shares Own this piece of crypto history Collect this article as NFTResearchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure…