Everything web3, crypto, defi, degen
In brief The Federal Reserve has ended a supervisory program that monitored banks involved in crypto. U.S. banks will no longer face increased scrutiny for offering things like crypto custody or stablecoin services. The Fed’s move comes as the regulatory landscape in the U.S. changes under Trump. The Federal Reserve has ended a supervisory program…
In brief A Brazilian woman was kidnapped because criminals wanted to target her crypto-trading son. Local media reported that her son had to pay about $600,000 worth of Bitcoin as a ransom. Such kidnappings, known as “wrench attacks,” are on the rise around the world. Brazilian police have arrested four individuals after they allegedly kidnapped…
In brief Cardano’s ADA has climbed double digits on the day and is one of the biggest winners of the week as it hit a five-month high. It comes as Bitcoin set a new all-time high on Wednesday, while Ethereum closes in on its peak. Predictors on Myriad believe that it is almost certain that…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief The price of Monero (XMR) has dropped 15.96% on the week so far. XMR investors are rushing for the exists as news spreads of a 51% network attack by the Qubic mining pool. The charts show bearish momentum is accelerating. The majority of the crypto market may be rejoicing today, but the king…
In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…
In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.In 2021, the founder of…
In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…
In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…
