Benoit Coeure, a senior BIS official, has called on central banks to act fast over the rising crypto and DeFi space.
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Quick Take
- Bitcoin trading volumes on exchanges decreased on weekends less than what might be expected
- Despite lower trading volumes, the net amount of bitcoin flowing into exchanges held steady or slightly increased on weekends
- This pattern held across bitcoin supercycles and bear vs. bull market conditions
Blockchain platform Algorand has launched a $330 million fund that’s focused on growing its DeFi ecosystem.
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The hash rate recovery is being led by growing U.S. mining farms while China’s hash rate migration is going more slowly than expected.
The post Bitcoin’s hash rate has recovered by 50% since June crash appeared first on The Block.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- As the cryptocurrency market continues to recover from its lows earlier this year, DeFi protocols and infrastructure are beginning to emerge in L1s that have not previously seen fully developed DeFi and NFT ecosystems
- This week, we take a look at Fantom, Tezos, Algorand, and Polkadot
Acting Comptroller of the Currency Michael Hsu says he’s looking to the past to find the tools to regulate the futuristic crypto industry.
The post Acting US Comptroller Hsu says he’s looking to the lessons of 2008 for crypto regulation appeared first on The Block.
Bain Capital Ventures — the venture arm of Bain Capital — has disclosed the creation of a new crypto-focused fund, public filings show.
The post Bain Capital Ventures files to create a new crypto investment fund appeared first on The Block.
Ackerman allegedly misrepresented the fund’s profitability and used victims’ money to buy jewelry, vehicles and other personal goods and services.
The post Ohio man pleads guilty for $30 million crypto investment scam appeared first on The Block.
Crypto asset management firm Osprey Funds has launched the Solana trust product for private placement.
The post Crypto asset manager Osprey Funds launches Solana trust product appeared first on The Block.
If the Fed and other banks adopt a CBDC, they will inevitably become involved in disputes about what is and isn’t acceptable economic activity, says our columnist.
