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“# DeFi’s quest to reimagine finance must come from a community-based design ” Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix and Abracadabra are exploring new ways of operating without…
“# Bitfarms expands to US, plans green crypto mining operation in Washington ” Canadian Bitcoin mining company Bitfarms is planning to build its first data center in the United States following the purchase of a land plot in Washington State. In a Nov. 11 announcement, Bitfarms said it aimed to establish mining operations in the…
“# US Congress plans ‘demystifying crypto’ committee hearing for Nov. 17 ” The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto. According to the Joint Economic Committee’s, or JEC’s schedule for next week,…
“# Bitwise bullish on pure Bitcoin ETF after dropping futures filing ” Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States. While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is…
“# The city of Philadelphia rolls out its own blockchain initiative ” City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how…
“# Landry’s Restaurant Group to introduce Bitcoin loyalty program ” Landry’s Restaurant Group announced a partnership with cryptocurrency firm NYDIG on Tuesday that will enable diners to earn $25 worth of Bitcoin for every $250 spent at the hospitality conglomerate’s eateries. Landry’s will also begin keeping a portion of its corporate treasury reserves in Bitcoin…
“# Democratic challenger to crypto-friendly senator’s seat is interested in space ” Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio’s United States Senate seats. In a Tuesday thread on Twitter, Harper said she was…
“# US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list ” The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network for allegedly facilitating transactions for ransomware actors. In an advisory update issued on Nov. 8, the Treasury…
“# Fed board member to leave by 2022, leaving Biden to fill 3 seats ” Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December. In a Friday resignation letter addressed to United States President Joe Biden, Quarles said he planned to leave…
“# Regulators are coming for stablecoins, but what should they start with? ” The word “stablecoin” may have a pleasant ring to it — isn’t it nice to have something stable in the volatile cryptoverse? — but for critics, they are nothing short of a ticking time bomb. Whether that’s true or not, the push…