China

Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap

Yuval Rooz, CEO of Canton, highlights a significant challenge facing smart contract blockchains: a growing value gap between these platforms and traditional financial systems. He argues that many smart contract blockchains struggle to demonstrate real-world utility and value, leading to skepticism among investors and users. Rooz emphasizes the need for these blockchains to evolve and integrate more effectively with existing financial infrastructures to bridge this gap. He suggests that without addressing these issues, the future of smart contract blockchains may be at risk.

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Strike CEO Jack Mallers dismisses idea that Wall Street threatens Bitcoin

Strike CEO Jack Mallers has rejected the notion that Wall Street poses a threat to Bitcoin, asserting that institutional involvement could actually bolster the cryptocurrency's legitimacy and adoption. He emphasized that Bitcoin's decentralized nature and its role as a hedge against inflation make it resilient to

Spot Bitcoin ETFs log 6th straight week of net inflows for first time in 9 months

Spot Bitcoin exchange-traded funds (ETFs) have recorded their sixth consecutive week of net inflows, marking the first time this has occurred in nine months. This trend indicates growing investor confidence in Bitcoin as a viable asset. The inflows are attributed to increased institutional interest and a more favorable regulatory environment.

Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave

A court has authorized the Arbitrum Decentralized Autonomous Organization (DAO) to transfer $71 million in Ethereum (ETH) that is linked to a North Korean hack to the decentralized lending platform Aave. This decision comes after the funds were flagged due to their association with illicit activities. The transfer is part

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

A judge has authorized Aave to transfer $71 million in Ethereum (ETH) that is associated with a hack linked to North Korea. The funds were previously frozen due to concerns over their connection to illicit activities. Aave's request for the release of the funds was granted after the

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Strike CEO Jack Mallers dismisses idea that Wall Street threatens Bitcoin

Spot Bitcoin ETFs log 6th straight week of net inflows for first time in 9 months

Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack