Can treasury-linked stablecoins bring stability to DeFi?
Flare Network’s USDX stablecoin introduces treasury yields to DeFi, challenging established players like USDC in terms of economic utility.
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Financial System Blind to Crypto’s Deflationary Impact, Says Analyst
Investment strategist William Peets has pointed to a widespread underestimation of the deflationary impact of cryptocurrencies such as Bitcoin and blockchain for global finance.Peets is currently CIO and portfolio manager for digital asset strategies at Passport Capital. In an Oct. 30 interview with Real Vision Finance, he said that blockchain represents a generational change in technology…

Access denied: Banks seem prone to cryptophobia despite growing adoption
From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce. Without banking support, exchanges are often forced to depend on other fiat on-ramps to service the deposit and withdrawal needs of their customers.The apparent discrimination against crypto exchanges…

Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high
Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve's preferred inflation indicator surged to its highest levels in almost three decades.According to data shared by the US Bureau of Economic Analysis, the US Core Personal Consumption Expenditure (PCI) rose…

Central banks must revise business model, embrace CBDCs — ECB member
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit.

Crypto Markets Slump Again, With Bitcoin Holding Gains
Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1…

Top Shot creator unveils $725M fund to support Flow ecosystem
The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi, and content creator products on the NFT blockchain. 572 Total views 15 Total shares The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used…

Tusk Ventures CEO: Don’t repeat social media mistakes with Metaverse regulations
Bradley Tusk says that the regulatory issues in the U.S. will not only be replicated but amplified as we see the internet move towards the Metaverse. 254 Total views 18 Total shares Tusk Ventures CEO and founder Bradley Tusk says that the failure to regulate cryptocurrency and social media effectively in the United States is…

Crypto mixer founder argues 30-year prison sentence is ‘unwarranted’
In March, a jury convicted Bitcoin Fog founder Roman Sterlingov of four counts related to money laundering through the operations of the crypto mixing service.