Digital asset management giant Grayscale says one layer-one blockchain is the best-positioned out of any to potentially steal market share away from Ethereum (ETH), the biggest smart contract platform by market cap. In a new report from Grayscale Research, the firm says Sui (SUI) provides “one of the highest throughput and lowest transaction costs of […]
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Raise, a Chicago-based gift card marketplace, secured $63 million in funding led by Haun Ventures and backed by Paypal to expand its blockchain-based Smart Cards system, the company announced this week. Paypal-Backed Raise Raises $63M; Aims to Revolutionize Gift Cards via Blockchain The funding round, which included Accel, New Enterprise Associates and others, brings Raise’s […]
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip. “There’s also […]
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Tornado Cash developers are facing criminal charges, and affected parties have civil lawsuits pending against the US Treasury over sanctioning the crypto mixer.
Many in the crypto industry are still reeling from an appellate court decision that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) overstepped in sanctioning certain smart contracts associated with the cryptocurrency mixer Tornado Cash.
On Nov. 26, the US Court of Appeals for the Fifth Circuit ruled that OFAC “exceeded its statutory authority” when it sanctioned some of Tornado Cash’s immutable smart contracts in 2022. Though the ruling did not close the door on the Treasury Department’s case, the six plaintiffs backed by Coinbase could see a policy change starting in 2025 that could impact how the courts handle addresses associated with crypto mixers.
Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, told Cointelegraph that OFAC still had a “lot of authority” to sanction entities connected to Tornado Cash. However, according to Hughes, the Nov. 26 judgment would likely have the case go back down to the lower courts and have lawyers refile motions for summary judgment, a process which could “take months.”
The Graph advances from subgraphs to knowledge graphs as it hones the search options for Web3 developers.
The Graph, the decentralized indexing system that works much like Google for blockchains, has introduced a data standard for Web3. Called GRC-20, the standard would define how information is structured, shared, and connected across decentralized applications, according to The Graph’s website in a blog timed to developer Yaniv Tal’s Graph Improvement Proposal.
The proposal for GRC-20 builds on the concept of knowledge graphs introduced by Tal in June.
“Knowledge is created when information is linked and labeled to attain a higher level of understanding,” the blog explained, and knowledge graphs capture the connections and relationships between pieces of information.
Layer-1 blockchain Kaia (KAIA) is dipping in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s added the Ethereum Virtual Machine (EVM)-based digital asset to its suite of products starting on October 31st. “Binance is excited to announce that Kaia will […]
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From […]
The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.
The Depository Trust and Clearing Corporation (DTCC) has a sandbox.
The DTCC Digital Launchpad will be an open ecosystem where market participants and technology providers can launch pilots that will have a clear path to production. This comes after a successful proof-of-concept led by the Japan Securities Clearing Corporation (JSCC).
The DTCC has invited a group of participants to the Digital Launchpad to develop initiatives that address critical collateral management pain points and lead to scalable solutions. Their results will be publicized in the first quarter of 2025.
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable […]
As HBO’s documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin’s enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.
The debate over the identity of Bitcoin creator Satoshi Nakamoto is back in the spotlight with the upcoming release of an HBO documentary.
As part of the renewed interest, 10x Research has published a report revisiting two leading theories: one pointing to cryptographer Nick Szabo and the other suggesting involvement by the United States National Security Agency (NSA).
Both theories are part of a larger debate that has attracted renewed interest with the upcoming HBO documentary investigating the origins of the world’s first cryptocurrency.
