Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
If a financial giant can’t navigate the red tape, who can?
MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
UK’s FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities
The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.
FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears
Multiple FTX users have received a “reset password” request from the defunct exchange’s official email address as it appears a hacker is attempting to secure control of user’s bankruptcy claims.
Fed Dramatically Speeds Up U.S. Payments With ‘FedNow’ Service, but Downplays Any Tie to CBDCs
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10%
The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.
Macro State of Crypto – Where It Has Been and What’s Next
Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.
Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire
The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions.
UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions
The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing.
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.