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U.S.-based DeFi group urges UK FCA to anchor crypto rules to 'unilateral control'

A U.S.-based decentralized finance (DeFi) group is urging the UK's Financial Conduct Authority (FCA) to establish crypto regulations that emphasize "unilateral control." The group argues that such an approach would enhance security and protect consumers in the rapidly evolving crypto landscape. They believe that clear and stringent guidelines are essential for fostering innovation while ensuring safety. The call for regulation comes amid growing concerns over the risks associated with cryptocurrencies and DeFi platforms. The FCA has been working on developing a regulatory framework for the crypto sector to address these challenges.

Read the full article: CoinDesk

ETH open interest falls to 3-year low: What does it mean for Ether price?

Ethereum's open interest has dropped to a three-year low, indicating a decrease in the number of outstanding derivative contracts for Ether. This decline suggests reduced investor confidence and could signal a bearish sentiment in the market. Analysts believe that lower open interest may lead to increased price volatility

White House crypto adviser says banks shouldn't fear stablecoin yield

A White House crypto adviser has stated that banks should not be concerned about the yield offered by stablecoins, emphasizing that these digital assets can coexist with traditional banking systems. The adviser highlighted the potential benefits of stablecoins, including increased financial inclusion and innovation in the payment sector. They also

Coinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'

Coinbase's stock experienced a significant surge following its fourth-quarter earnings report, despite missing analysts' expectations. Analysts have labeled the stock as "too cheap to sell," indicating strong confidence in its long-term value. The company's revenue and user metrics showed improvement, contributing to the

$3.85 Million in Ethereum From Mixin Network Hack Sent to Tornado Cash

$3.85 million in Ethereum stolen from the Mixin Network hack has been transferred to Tornado Cash, a privacy-focused cryptocurrency mixer. The hack, which occurred recently, raised concerns about the security of decentralized finance platforms. Mixin Network confirmed the breach and is working to address the situation. The movement of

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ETH open interest falls to 3-year low: What does it mean for Ether price?

White House crypto adviser says banks shouldn't fear stablecoin yield

Coinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'

$3.85 Million in Ethereum From Mixin Network Hack Sent to Tornado Cash