Day: 8 November 2024

The DeFi protocol Sky team’s proposal to revert to its former brand name, Maker, was blocked by a small group of token “whales” in a governance vote on November 8. The proposal sought to reintroduce the Maker brand with a limited refresh to address community concerns about the recent rebranding ...

South Korean crypto exchange Korbit has partnered with Coinbase to expand local users’ access to the latter’s Layer 2 blockchain, Base.  As reported by Business Korea on November 8, the partnership will allow Korbit users to make direct deposits and withdrawals via the Base Chain network, enabling flexible asset transfers ...

Deutsche Bundesbank, Germany's central bank, has officially joined Singapore's Project Guardian, a collaborative initiative aimed at advancing financial markets through asset tokenization. In a press release published on November 8, the central bank announced the move, stating that its intention was to strengthen cross-border collaboration and further explore the "standardization ...

New opportunities always emerge, capturing the interest of seasoned investors and newcomers alike. November 2024 presents an exciting array of promising coins, each with unique strengths and future potential. From interoperability to speed, these tokens are reshaping blockchain's future, making it the perfect time to explore the best crypto to ...

The residents of the U.S. city of Detroit will soon be able to pay taxes and other city fees using cryptocurrency, as the city’s Treasury Department plans to introduce crypto payment options by mid-2025.  On November 7, the Department released a statement announcing a new initiative aimed at aligning with ...

China is advancing the public rollout of its central bank digital currency (CBDC), the digital yuan (e-CNY), by introducing a new payment card designed to function like a traditional debit or credit card. This digital yuan card was reportedly unveiled at the 18th Shenzhen International Financial Expo on November 7. ...

Martin Schlegel, the Chairman of Swiss National Bank (SNB), has described cryptocurrencies like Bitcoin and Ethereum as a “niche phenomenon” and unlikely to be a mainstay of the Swiss financial ecosystem soon despite their rapid growth in recent years. Speaking at an event in Brugg, Switzerland, Schlegel reportedly reiterated that ...

The California Department of Financial Protection and Innovation (DFPI) announced on November 7 that it has permanently revoked the operating license of the bankrupt cryptocurrency lender BlockFi, citing continued violations of the California Financing Law (CFL) and unsafe business practices. According to the DFPI, BlockFi agreed to the license revocation ...

Ready to invest in crypto but not sure where to start? You’re not alone. With hundreds of options on the market, picking the right coin can feel a bit like finding a needle in a haystack. But don’t stress—some projects are rising above the noise, offering real-world solutions and long-term ...

In 2024, crypto reparations and creditor payouts captured widespread attention, especially after CNBC reported that customers of the defunct FTX would start receiving refunds in May. With debts totalling $11.2 billion, FTX had between $14.5 and $16.3 billion available for distribution. Notably, smaller creditors—those owed less than $50,000—stood to receive ...