Crypto House

2024-01-15 13:28:04 Tokenized Fund Adoption Grows but Brings Technology Risks: Moody's

The adoption of tokenized investment funds is on the rise – but the technology providers have a “limited track record,” contributing to increased risk, a Monday report by credit-rating agency Moody’s Investor Services warned.
Tokenized funds are investment funds whose units are digitally represented with the use of distributed ledger technology (DLT), which powers crypto. Asset or fund tokenization is having a moment as financial institutions worldwide attempt to improve market liquidity, efficiency and transparency. The growing adoption of tokenized funds – mostly fueled by the tokenization of funds that invest in government securities like bonds – signals untapped market potential, according to the report by Moody's DeFi and Digital Assets team.

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2023-12-18 17:09:14 Polygon Stops Work on 'Edge,' Used to Build Dogechain, as Focus Turns to ZK

Polygon Labs, the primary developer behind the Polygon blockchain ecosystem, said it has discontinued contributions to Polygon Edge, the open-source software for building Ethereum-compatible networks that was used as the template for Dogechain – created purportedly to bring DeFi to the Dogecoin community.
Top executives at Polygon Labs have been signaling that shift toward ZK since early this year. A new Ethereum-compatible, zero-knowledge-powered network called Polygon zkEVM launched in March, and subsequently the team has been recruiting blockchain builders to use "Polygon CDK," a blueprint for new layer-2 networks that can be modeled after the original technology.

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2023-12-15 12:45:07 Introducing Tidus Wallet & DAO - Your Gateway to Revolutionary Web3 Experience!

Tidus is now live in the Google Playstore and Apple App Store with Tidus DAO & $TIDE launching in 2024.

Why Choose Tidus?

Secure & User-Friendly: Experience a seamless and safe way to manage your digital assets.
Full Control: Hold the reins to your financial freedom with our non-custodial wallet. Powered by Akash
65% Less fees than other wallets
Access Bitcoin, Ethereum, Polygon, Optimism, and Solana instantly anywhere
Dapp integration: Our custom UI/UX gives you access to bluechip dapps without ever leaving your wallet.

And here's the exciting part!

Using Tidus Wallet isn't just about managing your assets; it's about being rewarded for being a part of our journey. Yes, you heard that right! Every interaction with our wallet brings you a step closer to exclusive airdrop rewards.

But wait, there's more...

We're on the verge of launching our very own $TIDE Token! This isn't just a token; it's your ticket to a whole new world of opportunities within the Tidus ecosystem. Imagine having a stake in a system that values your participation and rewards you for it.

Learn more: www.tiduswallet.com
Read the whitepaper: www.tidusdao.com Open / Comment

2023-12-13 19:23:46 Tether Scores Second-Lowest Rank in S&P Global Stablecoin Stability Assessment

Ratings company S&P Global introduced a stablecoin stability assessment on Tuesday, assigning scores from 1 (very strong) to 5 (weak) as a measure of how capable the cryptocurrency is at keeping to its fiat-currency peg.
None of the eight stablecoins assessed warranted a 1. Three – Gemini dollar (GUSD), USD Coin (USDC) and Pax Dollar (USDP) – scored 2 and Tether (USDT), the largest stablecoin by market cap, was assigned 4 (constrained). The lowest rank was assigned to TrueUSD (TUSD) and Frax (FRAX).
Stablecoins are often digital assets backed by real-world assets like the U.S. dollar and are meant to hold their value against those assets. Some, however, are not physically backed, and attempt to use mathematical algorithms to maintain their value. S&P's assessment considered quality risks, including credit, market value and custody risks as well as liquidation and overcollateralization among other criteria

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2023-12-11 18:38:58 Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock

Decentralized exchange Uniswap expanded to the Bitcoin sidechain Rootstock, in a boost to the world's largest blockchain's decentralized finance (DeFi) landscape.
Uniswap version 3 (v3) has been deployed on Rootstock by GFX Labs, the team behind trading terminal Oku, according to an emailed announcement shared with CoinDesk on Monday. According to Uniswap's website, the project, originally designed for Ethereum, has also been deployed on the Ethereum layer-2 networks Arbitrum, Optimism and Polygon.
Oku will provide Rootstock with trading tools that incorporate analytics, limit orders and liquidity provider position management.

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2023-12-09 17:41:08 SEC, Not Included in Binance-U.S. Settlement, Issues Statement on Its Case

The US Securities and Exchange Commission (SEC) said Binance's recent $4.3 billion settlement with the Department of Justice and other US authorities strengthens its case against the world's largest cryptocurrency exchange.
The SEC, which was not involved in the settlement agreement, argued in a statement on Friday that the federal court in Washington hearing its case should take into account the admissions made by Binance and the company's former CEO Changpeng Zhao in the Nov. 21 settlement.
Both Binance and Zhao had asked the court to dismiss the SEC's case. Representatives from Binance and Zhao's defense attorney have not yet responded to requests for comment.

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2023-12-07 17:05:26 Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet

- Gyroscope's GYD novel stablecoin went live on the Ethereum mainnet after testing on Polygon.
- Venture capital firms Galaxy, Placeholder and Maven 11 invested in the project.

Gyroscope's "all-weather" stablecoin gyro dollar (GYD), which aims to keep crypto investors shielded from stablecoin failures, went live Thursday on the Ethereum (ETH) mainnet, the developer team told CoinDesk.
"GYD is a means to protect against the risks of holding stablecoins, putting risk control on autopilot," the team said in an interview via email.

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2023-12-05 12:59:05 BlackRock Received $100K Seed Funding for Spot Bitcoin ETF

BlackRock (BLK) revealed that it received $100,000 as “seed capital” for its proposed bitcoin (BTC) exchange-traded fund, the investment giant disclosed in a fresh application with the U.S. Securities and Exchange Commission (SEC).
Seed capital represents the initial funding that allows an ETF to fund the creation units underlying the ETF so that shares can be offered and traded in the open market.
BlackRock’s proposed “iShares Bitcoin Trust” will invest in bitcoin rather than futures tied to the leading cryptocurrency and is one among the 13 applications awaiting regulatory approval.
The SEC is widely expected to greenlight one or more spot ETFs early next year, with Bloomberg analysts putting the probability of an approval in January at 90%.

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2023-12-01 17:34:19 Bitcoin to shine in December if this 8-year pattern plays out

Bitcoin (BTC) broke another price resistance on the first day of December, trading as high as $38,839 by press time. The leading cryptocurrency might end 2023 in the ‘green’ if it continues an 8-year pattern observed since 2015.
Interestingly, Bitcoin had a negative Q3 in 2023, with 11.54% accumulated losses. On the other hand, the Q4 has already carved two positive months with a 28.52% October, followed by an 8.81% green November.
As first observed by Zack Voell and reported on X (formerly Twitter), December price action has mirrored November’s since 2015. This means that for every ‘red’ November, there was a negative December in the same year, the opposite also being true.

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2023-11-29 17:57:00 BNB Chain’s OpBNB Developers Look to More Than Double Speed in New Roadmap

BNB Chain developers are looking to more than double the transaction speed and slash network fees by 90% as part of a new technical roadmap for layer-2 network opBNB, a representative shared with CoinDesk over email.
The increase will take processing to 10,000 transactions per second (TPS) from around 4,000 and cut the cost to $0.0005 within six months, according to the plan. The first fee cut, to $0.001 from $0.005, is scheduled for Dec. 4.

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