In a landmark move aimed at protecting residents from increasing cryptocurrency-related fraud, Spokane has become the first city in Washington to ban crypto ATMs. The Spokane City Council unanimously approved the ordinance, titled “Virtual Currency Kiosk Prohibition for a Safer Spokane,” during its legislative session on June 17. The decision ...
Read moreDetailsSpain’s second-largest bank, BBVA, has recently advised its affluent clients to allocate between 3% and 7% of their investment portfolios to cryptocurrencies, particularly Bitcoin (BTC), depending on their risk tolerance. This recommendation follows BBVA’s regulatory approval in Spain to offer crypto trading services, marking a significant shift for a traditional ...
Read moreDetailsCoinDesk Indices, in collaboration with institutional DeFi firm Sentora, has launched the CoinDesk Overnight Rates (CDOR). This groundbreaking benchmark interest rate transforms Aave’s on-chain lending data into standardised overnight money market rates for stablecoins such as USDC and USDT. This initiative marks a major leap in bridging decentralized finance (DeFi) ...
Read moreDetailsTop executives from JPMorgan Chase recently met with the U.S. Securities and Exchange Commission’s Crypto Task Force to explore the evolving regulatory landscape for digital assets and assess the implications of capital markets transitioning to public blockchains. During the meeting, JPMorgan executives discussed how blockchain integration could reshape traditional market ...
Read moreDetailsEthereum liquid staking protocol Meta Pool has suffered a smart contract exploit that led to the unauthorised minting of mpETH tokens and losses exceeding $133,000. The breach, disclosed in a June 17 blog post, was contained before more damage could occur, thanks to Meta Pool’s early detection systems and the ...
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