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Quick Take

• UMA protocol enables permissionless issuance of any synthetic assets
• The majority of synths issued over the last 12 months were niche and were unable to attract any significant adoption
• The protocol has a unique oracle solution that requires human intervention, it is designed with game theory such that rational players are incentivized to act honestly
• The team has launched a new “optimistic oracle” framework that hopefully captures the oracle market by supporting arbitrary off-chain data relay beyond price feeds

The European Central Bank (ECB) published a report about the international role of the euro Wednesday, touching upon the importance of central bank digital currencies (CBDCs) for future financial strength. 

The post ECB warns of ‘risks to stability’ if central banks don’t offer digital currencies appeared first on The Block.

Quick Take

• DarkSide, the ransomware group behind the Colonial Pipeline hack, has been cashing out some of its proceeds.
• According to blockchain analytics firm Elliptic, one of the platforms DarkSide used to launder the money is called Hydra, a massive darknet market that serves a Russian-speaking clientele. 

Google is expanding the scope of its crypto-related advertisement policy, creating a new process for exchanges and wallet providers but nixing ads for ICOs and DeFi protocols.

The post Google is revamping its ad policy for crypto exchanges and wallets appeared first on The Block.

Despite shift away from filtering transactions, Marathon’s CEO maintains that bitcoin miners need to answer to regulators to attract financial industry.

The post Marathon says its mining pool will stop censoring transactions following bitcoin community outcry appeared first on The Block.

The SEC has put off a decision on yet another bitcoin ETF.

The post SEC delays decision on WisdomTree’s proposed bitcoin ETF appeared first on The Block.

Crypto exchange operator Kraken has launched a new mobile app in the U.S., targeted at small retail investors.

The post Crypto exchange Kraken launches mobile app in the U.S. appeared first on The Block.

A White House spokesperson said Tuesday that “expanding cryptocurrency analysis” to trace ransomware-tied transactions is part of a broader focus on such attacks.  According to a press gaggle transcript from June 1, Principal Deputy Press Secretary Karine Jean-Pierre spoke to reporters about the newly-disclosed ransomware attack on meat supplier JBS, which U.S. officials have reportedly […]

The post Biden admin rep says ‘expanding cryptocurrency analysis’ is part of strategic review on ransomware appeared first on The Block.

The fund will support projects competing for a parachain slot on the Polkadot relay chain, as well as additional early-stage projects.

The post Master Ventures creates $30 million VC fund to support Polkadot projects appeared first on The Block.