The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive. The United States Federal Reserve Board announced Jan. 27 that it was issuing a policy statement on limitations on banks. The policy seeks to create a level playing field...Continue Reading

Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price. Aptos’ APT reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative...Continue Reading

The new version includes features that developers believe will increase capital efficiency and lower gas fees The third version of crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. 27 tweet thread from the Aave team. “Aave V3” was originally released in March 2022, and it...Continue Reading

Decentralized finance meets its traditional counterpart at Davos, with a growing cross-pollination between the two. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology,...Continue Reading

Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout. After two weeks of a stupendous rally, Bitcoin’s (BTC) price has largely been flat this week. This is a positive sign as it shows that market participants are not growing nervous before a slew of central bank...Continue Reading

Veteran Ripple executive and former general manager Monica Long said the company has seen record growth in recent months despite the crypto winter. Monica Long has been named the new president of Ripple, moving up from general manager. Long joined the company in 2013 as director of communications and expanded her role last year from...Continue Reading

The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts. A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other...Continue Reading

It’s a hard year to trade, but there are measures you can take to increase the likelihood you’ll succeed if you want to trade Ether. Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also...Continue Reading

How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials. Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid...Continue Reading

Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down. Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.  The project’s website will no longer deliver the same services,...Continue Reading