The team now cites stalled growth, thin trading markets, limited institutional activity and a small decentralized-finance market among its reasons for closing. “Even after losing 8 figures, we could have launched a token or pursued an ICO. Ultimately we decided against this,” Netz wrote on… Read More
“Businesses need to know the commitments behind payments and credit will be honored,” Joey Krug, a partner at Founders Fund, said in the announcement. “Anvil lets them secure those commitments with verifiable digital asset collateral, and the new SDK makes it easier to integrate into… Read More
Arbitrum is joining the Global Dollar Network, the Paxos-led stablecoin consortium behind USDG, as the Ethereum layer-2 network looks to capture a slice of the economics from the stablecoins already circulating on its rails. USDG has launched on Arbitrum on Tuesday with integrations spanning trading,… Read More
The U.S. Treasury Department has scrapped a years-old proposal that would have forced banks and crypto businesses to collect and report more information when customers sent large amounts of crypto to wallets they controlled themselves. The Financial Crimes Enforcement Network, or FinCEN, withdrew the rule… Read More
The crypto industry’s leading political action committee, Fairshake, released another list of candidates it’s supporting for the November elections, backing 13 Democrats and 19 Republicans — all incumbents — in their U.S. House of Representatives races. The candidates tend to be safe bets to return… Read More
The pools, known in crypto as automated market makers, or AMMs, use rules to determine the price at which investors can buy and sell. More sophisticated versions can also allow professional trading firms to actively adjust prices and the amount of stock available, potentially making… Read More
