The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week.
Brian Newar
Brian Newar has been exploring and writing about the blockchain industry since 2017. Born and raised in America, Brian is based in South Korea where he has covered the local blockchain industry, with a focus on regulations and cryptocurrency exchanges.
- News
MakerDAO voting on collaborating with a traditional bank - News
African infrastructure firm lands $150M to launch crypto water token A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital.
- News
Indian crypto trading volumes slump following hefty taxes Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet.
- News
Haters to unite at the first conference for crypto skeptics The anti-crypto conference hopes attendees will get a chance to speak face-to-face with government officials to share their skepticism about the industry.
- News
Fork of July: Cardano Vasil upgrade successfully launches on testnet With the Cardano testnet hard fork complete, all that remains is to fork the mainnet, which will come in about four weeks or when developers have had enough time to prepare their tools for the upgrade.
- News
Multisigs mean funds in bridges are ‘one small slipup’ from being hacked Industry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions.
- News
Better days ahead with crypto deleveraging coming to an end — JPMorgan A strategist at JPMorgan predicts that the worst of the bear market could be over as stronger crypto firms have come in to bail out the industry in the midst of major deleveraging.
- News
MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds The DAO intends to generate yield with its native DAI stablecoin via traditional investments in U.S. treasuries and possibly even corporate bonds.
- News
75% of Marathon’s mining fleet still offline two weeks after huge storm Marathon’s CEO Fred Thiel said that it will take time to get the facility back to full strength, but that the company could decide to speed up its move out of Hardin.
- News
CoinFLEX recovery plan includes tokenized bad debt and more yields The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired.
- News
Harmony hacker sends stolen funds to Tornado Cash mixer The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge.
- News
2022 bear market has been the worst on record — Glassnode Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.
- News
Harmony offers $1M bounty, but is it big enough? The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back.
- News
Hoskinson pitches software-enabled crypto self-regulation to Congress Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory authorities.
- Breaking news
Breaking: Harmony’s Horizon Bridge hacked for $100M The layer-1 blockchain’s main bridge between Ethereum, Binance Chain and Bitcoin has been exploited for nine figures but says its BTC bridge has not been affected.
- News
Crickets on day 1, but Proshares short Bitcoin ETF volume up 380% on day 2 A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.
- News
China warns Bitcoin is heading to zero but BoE looks on the bright side Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.
- News
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B On the Ethereum network, USDC’s real volume has nearly doubled that of USDT in the past 24 hours, which could be another sign that the top stablecoin’s dominance is coming to an end.
- News
Crypto winter freezes sports sponsorships for digital asset firms The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they already spent hundreds of millions on.
- News
Ethereum testnet Beacon Chain launched and ready for trial merge The Sepolia testnet is the next in line after Ropsten to undergo a merge trial run since its Beacon Chain is now live and ready to give developers valuable information leading up to the real thing.
- News
Mark Cuban says crypto crash highlights Warren Buffett’s wisdom The billionaire crypto investor admits there are still hard times ahead for most financial markets but says that as long as the crypto space produces new tech, it will be fine.
- News
72 of the top 100 coins have fallen 90% or more: Here are the holdouts The vast majority of cryptocurrencies have dipped more than 90% from their all-time highs, but a core group has managed to stay ahead of the pack.
- News
Maker cuts off Aave’s Dai supply as fallout from Celsius continues The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH.
- News
Korean exchanges agree on emergency system in case of Terra-style collapse Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.
- News
Brazilian proposal would make crypto payments legal and protect private keys The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be a legally recognized financial asset for investments and other uses.
- News
SEC reportedly launches investigation into insider trading on exchanges The commission could be performing routine check-ups on the exchange in question or it could be looking for specific compliance violations to litigate against.
- News
NYC Mayor Eric Adams speaks out against PoW mining ban legislation The Mayor has been a proponent of the crypto industry and has now pledged support for sustainable Bitcoin miners by asking Governor Hochul to veto a two-year moratorium on mining.
- News
Binance Australia CEO: Regulations will establish higher standards in crypto Leigh Travers feels that a change in Australia’s government could slow down work on crypto regulations that could prove that the industry is already operating at a higher level than traditional finance.
- News
Ethereum difficulty bomb delayed but network adoption still growing The difficulty bomb is designed to make mining profitability plummet in order to disincentivize miners ahead of the long-awaited Merge.
- News
Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified, in addition to suspending withdrawals for users.