Theoretical computer scientist and Columbia University professor Tim Roughgarden has been appointed the head of Andreessen Horowitz’s (a16z) new crypto research unit. Roughgarden’s resume includes more than three years as a professor of computer science at Columbia University in New York, along with a 14-year stint at Stanford. He has also served as a research …
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The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for “emerging risks in the financial system”. According to the latest business plan released on Wednesday April 20 by the Prudential Regulation Authority …
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Crypto markets fall as Federal Reserve chair Jay Powell states that they need to move “more quickly” in raising interest rates. Powell also expressed that a “0.5 percentage point interest rate increase was on the table in May.” Bitcoin dropped to $40,586 from a daily high of $42,965, while the total crypto market fell to …
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The U.S. has announced new sanctions against entities connected to Russia, and this time around, one of them is a crypto mining company, according to a Reuters report. BitRiver operations hit with sanctions According to the US Treasury Department, the over 40 entities and people include the holding company of Moscow-based Bitcoin miner, BitRiver. It …
Cardano founder Charles Hoskinson tweeted a link to the Hydra website on April 20. The website contains node installation instructions, a quick start guide, and demo content. Check out the Hydra Website: https://t.co/FXHwEtuoAK #HailHydra — Charles Hoskinson (@IOHK_Charles) April 20, 2022 Dubbed by Input Output (IO) as the “ultimate layer-2 scalability solution,” Hydra will improve …
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A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said the IMF official. IMF on Crypto Regulation in India Tobias Adrian, Financial …
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Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk’s electric …
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Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be much lower than in March. …
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Everscale is the most scalable network in DeFi. With the capacity to process over a million transactions per second, Everscale is able to offer users some of the fastest transaction speeds paired with fractional fees. The Everscale ecosystem includes a cross-chain bridge platform with a unique Universal Bridge mechanism that facilitates liquidity transfers to and …
European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request. According to a report, published by German digital culture organization Netzpolitik, officials from the EU went as far as suggesting that an all out ban …
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A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC). The study was compiled from four years of annual surveys from 2016 to 2020, with the sample sizes ranging anywhere from 1,987 to 3,893 respondents. The Bank of Canada’s full study is …
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Sanctions are being imposed on cryptocurrency mining companies for the first time in history. The US Treasury Department announced that it is taking action against virtual currency mining companies across Russia. This information came out when IMF issued a statement saying, “the Kremlin may employ these activities to avoid compliance with international economic punishment.” In …
In a rare comedic bungle among DeFi exploits, an attacker has fumbled their heist at the finish line leaving behind over $1 million in stolen crypto. Just after 8AM UTC on Thursday April 21st, blockchain security and analytics firm BlockSec shared it had detected an attack on a little known DeFi lending protocol called Zeed, …
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The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle its monopolistic position. Dunamu’s total assets are valued at over over 10 trillion KRW ($8.06 billion) and Upbit controls an overwhelming 80% of the domestic trading volume. As …
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The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank Anchorage Digital for violating certain anti-money laundering requirements. In a Thursday announcement, the OCC said it issued a consent order against Anchorage Digital based on its “failure to adopt …
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