Author: Coindesk
“I think that in a few years from now you’re going to see corporate treasurers keeping liquidity in a money-market fund, and the moment that they need to make a payment, switch that money-market fund to a stablecoin and make the payment, because those are built for purpose,” Fernandez da Ponte said in an interview. Read the full article here
As Ravi Bakhai, who is building a meme-coin trading platform called Hype, explained, meme coins have essentially become a big, generalized betting market for determining how relevant anything is at any given time. For instance, Iggy Azalea’s MOTHER token literally put a price on her fame, and the rapper’s ability to draw an audience of crypto enthusiasts. Read the full article here
Similar “proof” technology is used by all layer-2 rollup networks, including Optimism competitors like Arbitrum. It’s meant to ensure that a rollup’s users–be they NFT traders, retail investors, or big-name financial institutions–can trust Ethereum’s sprawling operator network, rather than the rollup’s own internal systems, to record their transactions and withdrawals accurately. Read the full article here
The decline happened as expectations were high for the tech giant to reveal its AI plans and how it would weave artificial intelligence into its offerings at this week’s Apple Worldwide Developers Conference (WWDC2024). The firm on Monday announced Apple Intelligence, a suite of AI features for iPhones, Mac and other products, and a partnership with Sam Altman’s OpenAI to integrate ChatGPT into Apple software. Read the full article here
“No project in the world today has the potential to distinguish humans from AI online while preserving privacy, enable global democratic processes and eventually show a potential path for programs like AI-funded UBI,” Suthers said. “Most crypto projects think about their customer base in the thousands, or maybe in the millions for an exchange or DEX, Worldcoin is thinking about how it can help billions of people globally.” Read the full article here
“Berger and Kovarik were rapporteurs (so leading EP work) on digital euro and payment services directive respectively. There’s no guarantee they will return to ECON but if they do, chances are they will retain these roles,” Mark Foster, the EU policy lead at the Crypto Council for Innovation told CoinDesk in a statement. Read the full article here
Over 30 validator operators were kicked off the Solana Foundation Delegation Program over the weekend, a source familiar with the matter said. While they remain validators on the network, they’re no longer eligible to receive what amounted to payout boosters for validating transactions on the Solana blockchain. Many of the operators were Russians, another source said. Read the full article here
“Overall, we’re aligned with the goal of the legislation to cut off funding for foreign terrorist organizations, and I appreciate that it limits coverage to those groups that have ‘knowingly’ facilitated funds to bad actors,” Carbone said, adding that the legislation isn’t entirely bad or good. But the guidelines for identifying violators and the lack of a proportional – perhaps tiered – sanctions system could be problematic, he argued, and he said it puts too much authority in the hands of the U.S. Treasury Secretary. Read the full article here
Customers can use Fireblocks’ policy engine to configure user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations to protect against an insider unilaterally moving funds from an exchange account. They can also deposit, withdraw, and rebalance across the Fireblocks Console or API and monitor all connected account balances, according to a press statement. Read the full article here
Last year the EU, a trading bloc of 27 nations, passed a wide-ranging, first-of-its-kind package for crypto called the Markets in Crypto Assets (MiCA) legislation. The rules allow crypto companies to operate across the EU if they secure a crypto asset service provider license in any member nation. The package is set to take effect for stablecoin issuers on June 30 and the rest of the legislation will be active by the end of the year. Read the full article here