DePIN to be ‘crypto’s next big use case’ — MV Global

Avanti’s crypto-friendly bank is now planning to launch in October after its banking charter application was accepted by Wyoming’s banking regulator. 1208 Total views 11 Total shares Avanti Bank & Trust, Wyoming-based pioneering financial institution planning to offer services to the crypto industry, has announced plans for a ‘stablecoin disruptor’ that’s designed to modernize U.S.…

Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. The new stablecoin, Paypal USD, was launched on Aug. 7 and is issued…

Ed Tilly, CEO, president and chairman at the Chicago Board Options Exchange (CBOE), declared that there is a need for Bitcoin (BTC) exchange-traded notes (ETNs) in order for Wall Street institutional investors to join the crypto space. Financial newspaper Business Insider reported on Tilly’s comments on Jan.18.According to the aforementioned article, Tilly declared that “the…

Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.The findings revealed that lax security and poorly written code were responsible for most thefts. As institutional investors adopt…

The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions. 806 Total views 25 Total shares Own this piece of history Collect this article as an NFTA complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and…

Security firm SlowMist estimated that at least $55 million in digital assets were taken by the CoinEx hackers. 334 Total views 3 Total shares The attack on crypto exchange CoinEx which drained at least $55 million was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and on-chain investigator

It’s a big day for asset tokenization as many of the biggest names in the field announced the formation of association to further its development. 289 Total views 2 Total shares Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the