The consortium is attempting to address concerns around the opaque nature of reserves that back up non-bank issued equivalents.
Web3Auth, a crypto infrastructure provider for Web 3 wallets, has raised $13 million in a Series A round led by Sequoia Capital India.
The Series C funding round was co-led by Alameda Research and DeFi Technologies.
The de facto central bank is seeking industry views on its regulatory approach.
The top four staking entities on the Ethereum 2.0 Beacon Chain now cumulatively account for 47.5% of total deposits, with Lido making a significant jump.
Bitcoin’s put-call risk reversals recede, signaling waning demand for downside protection.
Large-cap altcoins like fantom have jumped as high as 21% in the past 24 hours.
Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.
A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.
CoinDesk: Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition
2TM, the holding company for Mercado Bitcoin, acquired CriptoLoja, Portugal’s first licensed crypto exchange as step one in its plans to expand into Europe.