Elon Musk has a vision to turn Twitter into an all-in-one app, like WeChat. Turns out, permissionless and composable crypto platforms together form something better than the sum of its parts.
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Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says
The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the European Union's upcoming MiCA crypto regulation.
Bitcoin's Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.
Crypto’s Decentralized Exchanges Had Most Volume in 10 Months Amid U.S. Crackdown in March
Trading volume on DEXs rose to $133.1 billion in March, the third straight monthly increase, according to DefiLlama.
Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling
Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
Venture Capital Bitkraft Raises $220.6M for Second 'Token' Fund: Filing
The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.
Safemoon Hacker Strikes Deal With Developers to Return $7.1M
The exploiter will retain 20% of the stolen funds as a bug bounty.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The document proposes more tax reforms, clearer accounting standards and a DAO law.
PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%
“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,†a blog post said.