One bank accounts for almost 62% of all crypto-asset prudential exposure, and almost two-thirds of banks holding crypto are in the Americas. Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere.  According to the...Continue Reading

The company said the funds will be invested into early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network. Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50...Continue Reading

The multi-chain bridge aims to provide a decentralized alternative to centralized exchanges by enabling cross-chain transactions by self-custodied token holders. Attacks on bridge technology in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols, according to a report by Token Terminal. While this could have been a setback for many projects...Continue Reading

The long awaited account abstraction standard was believed to be many months off, but will be launched in a surprise announcement at WalletCon in Denver. Smart accounts, enabled by the launch of the new ERC-4337 standard, are now available on Ethereum and are expected to help mainstream adoption by finally making crypto user friendly. Ethereum...Continue Reading

NFT whale Machi Big Brother sold off 1,010 NFTs in 48 hours in what some dubbed the “largest NFT dump ever.” In this week’s newsletter, read about how a whale sold 1,010 nonfungible tokens (NFTs) within 48 hours. The Blur NFT marketplace captured the space’s attention, and the manuscript that coined the term “metaverse” is...Continue Reading

The grant program will award $50 million in HASH, the native token on Provenance Blockchain, to developers. Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.  The grant program promise to award $50 million in HASH, which is the native token...Continue Reading

Ethereum’s just-launched ERC-4337 ‘account abstraction’ standard is a game changer for user-friendly crypto payments and mainstream adoption. For years, Bitcoiners have repeated the mantra be your own bank. But in truth, storing any type of crypto in a wallet has been a lot closer to stuffing cash under your mattress than to a complex financial...Continue Reading

Singh’s former colleagues Ellison and Wang consented to stays in their CFTC cases; Singh has agreed to submit a consent order proposal in the CFTC case. Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud...Continue Reading

BTC’s recent price swings are the result of regulatory pressure and the Federal Reserve’s stance on U.S. inflation. Bitcoin (BTC) bulls laid most of their options at $24,500 and higher for the March 3 options expiry, and given the recent bullishness seen from BTC, who can blame them? On Feb. 21, Bitcoin’s price briefly traded...Continue Reading

The SEC is broadening its investigation into crypto exchanges and has targeted staking products for potential securities violations. Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the ongoing debate around crypto regulations with the United States Securities and Exchange...Continue Reading