The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come. The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success after a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During...Continue Reading

The Ledger connector vulnerability put the entire DeFi ecosystem at risk, with market experts asking users to remain cautious of using DApps even after Ledger released a patch. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past...Continue Reading

Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets. Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets, taking advantage of the crypto winter to build and find a market fit for crypto-related solutions. Recent examples include Deutsche Bank’s asset management arm, DWS, which announced a new...Continue Reading

Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the JAN3 CEO. Bitcoin (BTC) is likely to reach $1 million in the “days to weeks” following the approval of a spot BTC exchange-traded fund (ETF), according to JAN3 CEO Samson Mow.  “You’re...Continue Reading

The Arbitrum One network stopped producing blocks at 10:29 am ET (13:29 UTC), according to an alert issued by the block explorer. Ethereum layer-2 network Arbitrum One has experienced a partial outage, according to an alert on the network’s official status website. The sequencer “stalled” at 10:29 am ET (13:29 UTC) during a “significant surge...Continue Reading

There are a few things you should do if you want to succeed in crypto during a bull market. But above all, remember to take profit. Strategically navigating the cryptocurrency market when it surges isn’t just a skil. It’s an art. Volatility is constant. Volatility measures the price movements of assets and demands a sophisticated...Continue Reading

The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol. Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USD Coin (USDC) issuer is facilitating the funding of terrorist organizations. The...Continue Reading

Bitcoin and select altcoins are witnessing profit-booking on rallies, increasing the likelihood of a short-term pullback. Bitcoin’s (BTC) rally has been taking a breather for the past few days but its strong rally in 2023 has not gone unnoticed. A survey of United States financial services companies by crypto firm Paxos showed that 99% of...Continue Reading

The existing laws are sufficient, and the agency is already doing what it considers necessary, according to Chair Gensler. The United States Securities and Exchange Commission has denied a Coinbase petition for rulemaking on transactions with cryptocurrencies that are securities. Coinbase filed the petition in July 2022 and pushed steadily for a response. SEC Chair...Continue Reading

Meetings between asset managers and the SEC intensified over the previous weeks, with Gary Gensler’s team meeting with BlackRock and Hashdex representatives. The United States Securities and Exchange Commission has held a new round of discussions with asset managers proposing a spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., this time with officials from...Continue Reading