Blockchain Financial News

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations. 

In his 2017 book, What We Think about When We Think about Soccer, English philosopher Simon Critchley elucidates what it is about soccer that can give it such a hold over people. There are the social aspects, the sense that supporters share a heritage of moments lived through together. But more powerful than that, perhaps, is the way the experience of the game transforms the experience of the everyday.

“We’ve been working towards this very goal for the last 18 months," says Juha Viitala, the CEO and co-founder of Membrane Finance. "Getting an EU-level license and the opportunity to finally build a truly regulated EUR-based stable coin is massive news for both us, and the wider European cryptocurrency market and community."Set for launch in early 2023, EUROe takes a fiat Euro and transforms it into a 1:1 pegged digital currency that can be used in transactions on all major blockchains.

While some countries like Nigeria are aggressively pushing the use of central bank digital currencies (CBDCs), a new report summarized why a number of private stakeholders are against the idea of a CBDC. 

Once just a technical term within the crypto ecosystem, self-custody quickly took the main stage when FTX, a multi-billion crypto empire, went down in flames. The prolonged bear market, combined with bankruptcy announcements from once-prominent crypto exchanges, triggered a spike in crypto ownership awareness.

Blockchain oracle network Chainlink has launched its staking feature to help increase the economic security of the platform's oracle services. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

In a privacy update published Dec. 6, ConsenSys, the developer of the popular MetaMask browser wallet, said it would reduce its retention of user data such as wallet addresses and IP addresses to seven days. Previously on Nov. 24, ConsenSys updated its privacy policy to clarify how Infura, or MetaMask's default Remote Procedure Call (RPC), works with user data such as including IP addresses. The revelation sparked controversy in the crypto community regarding privacy concerns, leading the firm to clarify that IP addresses collected through MetaMask will not be monetized or "exploited." 

Over the past decade, Las Vegas-based rewarded play pioneer PLAYSTUDIOS has accumulated a large portfolio of free-to-play mobile games that give players opportunities to earn real-world rewards. The platform connects players who earn loyalty points by playing any number of the company’s best-in-class casino and casual games to rewards from a variety of well-known international entertainment, retail, and hospitality brands. 

According to a new proposal dated Dec. 6, Jared Grey, CEO of decentralized exchange Sushiswap (SUSHI), disclosed that the project's Treasury has less than 1.5 years of runaway left, and the "significant deficit in the treasury threatens Sushi's operational viability, requiring an immediate remedy." Grey explained that Sushiswap's annualized operating expenses amounted to roughly $9 million in October, however, that has since been reduced to around $5 million.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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Tough market conditions continue to affect the Bitcoin (BTC) ecosystem as mining difficulty drops by its biggest margin since July 2021.

In his latest blog post, Ethereum (ETH) co-founder Vitalik Buterin discussed "what in the Ethereum application ecosystem excites" him, including features related to money, identity, stablecoins, decentralization - and voting.

As crypto company valuations are affected by the recent FTX debacle, financial services firm Goldman Sachs is looking to swoop in and invest millions to purchase or invest in crypto firms while the prices are low.

Silvergate Capital CEO Alan Lane has slammed “short sellers” and “other opportunists” for spreading misinformation over the last few weeks — just to score themselves a quick buck. 

Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform.

Ripple’s chief technology officer has responded to a conspiracy theory fabricated by Artificial Intelligence (AI) tool ChatGPT, which alleges the XRP Ledger (XRPL) is somehow being secretly controlled by Ripple.

The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations.

According to a statement, the decision was made because Concord had until 10 December to consummate the deal but has yet to secure the necessary Securities and Exchange Commission S-4 registration statement green light.Circle chief Jeremy Allaire insists the blockchain giant still plans to list in the future."We are disappointed the proposed transaction timed out, however, becoming a public company remains part of Circle's core strategy to enhance trust and transparency, which has never been more important," he says.Adds Diamond: "I remain confident in Circle's regulatory-first approach to building trust and transparency in the financial industry, which has never been more important, and I will continue being an advocate for the company as it continues to grow."