Author: Coindesk
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With no plans for allowing cryptocurrency trading on the platform, the company’s goal is to leverage distributed ledger technology, or DLT, to connect buyers and sellers in a more seamless way. They also plan to partner with sovereign wealth funds, pension funds and traditional market makers to facilitate trading tokenized assets. Read the full article here
The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing, and would help Tether identify crypto wallets that could “pose risks or may be associated with illicit and/or sanctioned addresses,” according to Tether’s blog post. Read the full article here
U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions. Read the full article here
One of the most flexible options out there, MPC is not limited to a specific network by a smart contract, but it does require trust in potentially opaque partners. MPC is closer to the base layer of crypto, the private key entropy, and all the participants in an MPC wallet participate together to recreate the private key, instead of having multiple private keys send their own valid signatures. There’s Qredo and Lit protocols for those who are more technically savvy, which are fully decentralized solutions, but for advisors that want a little more white glove treatment and are willing to…
Cryptocurrency markets have seen significant profit taking in recent weeks, with retail investors playing a bigger part in the sell-off than institutional investors, the report said. Bitcoin fell 16% in April, the biggest monthly decline since June 2022. Read the full article here
The pool, structured under Luxembourg’s securitization regulations with a debt ceiling of $6 million at the start, lets accredited investors deposit the USDC stablecoin and will provide capital to Karmen, which specializes in providing instantaneous loans and working capital to small and medium-sized digital enterprises in France, according to a press release. Read the full article here
The firm announced plans to issue a token in December, saying it would be released “in the first half of 2024.” In a post on X, LayerZero developers referred to the operation as “snapshot #1,” indicating that there will be a series of airdrops. Read the full article here
“The company is considering a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or part of the Company, or another strategic transaction involving some, or all of, the assets of the Company,” the miner said in a press release on Thursday. Read the full article here
Bitcoin stabilized around the $58,000 mark after the U.S. Federal Reserve kept the benchmark interest rate unchanged on Wednesday. Chair Powell said the economy is too strong to cut rates while ruling out increases despite disappointing inflation figures. Having lost the $60,000 support level late on Tuesday, BTC fell as low as $56,500 yesterday, with U.S. spot ETFs seeing outflows of $563.7 million, the highest daily figure since the funds listed in January. At the time of writing bitcoin was priced at $58,282, up 1.4% over 24 hours. The digital asset market at large is up around 4%, according to…