Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Read MoreEU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It’s Not
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.
Read MoreOneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
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Read MoreBitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
The world’s largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Read MoreCoinbase Says Canadian License Makes It Country’s Biggest Registered Crypto Exchange
Coinbase’s expansion into Canada has cleared the hurdle of a “restricted dealer” registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction.
Read MoreWhat Does Ripple’s Stablecoin Mean for XRP?
XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?
Read MoreCrypto for Advisors: Governance in a Blockchain World
Scott Sunshine discusses how advisors can leverage blockchain-based governance to enhance trust, improve accountability, streamline operations and unlock new investment opportunities for their clients.
Read MoreNear Record High Funding Rate Suggests Bitcoin Pullback Not Over
Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.
Read MoreEther Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
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