Bumper, a decentralized finance (DeFi) protocol, has launched its crypto options killer, which promises to improve upon traditional Black-Scholes option desks by an average of 30%. The protocol is the result of a three-year research and development program, backed by $20 million in early funding, and collaboration with the Swiss Center for Cryptoeconomics.The protocol undercuts […]
The U.S. Financial Accounting Services Board (FASB) has passed a unanimous vote to drastically change the way crypto asset values are recorded on publicly traded companies’ balance sheets. Under the new rules, crypto assets will be marked at fair value in companies’ accounting statements, rather than the current model of recording their crypto values at […]
Bumper, a decentralized finance (DeFi) protocol, has launched its crypto options killer, which promises to improve upon traditional Black-Scholes option desks by an average of 30%. The protocol is the result of a three-year research and development program, backed by $20 million in early funding, and collaboration with the Swiss Center for Cryptoeconomics.The protocol undercuts […]
The Tokenized Asset Coalition (TAC) is a new advocacy group formed by seven leaders in decentralized finance (DeFi). The founding members are Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz, but membership is open to any organization that shares the vision of creating a unified financial system on the blockchain. The group’s initial […]
Brian Armstrong, the CEO of Coinbase, recently proposed a series of innovative ideas that have gained immense attention from the crypto community. In response, he received more than 150 project applications. One of his proposals was for a Web3 version of LinkedIn, which would use company-issued, soul-bound NFTs to authenticate employment and credentials. This platform […]
Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). The Financial Supervisory Commission (FSC) of Taiwan has created a draft of ten guiding principles for the management of virtual currencies in the country. These principles […]
VC Spectra (SPCT) is a decentralized hedge fund that offers investors quarterly dividends and buybacks from investment profits. It employs machine learning algorithms to analyze real-time market data and identify lucrative patterns and trends. Investors in Stage 1 have gained a return of 212.5%, while Stage 2 investors have gained 127.27%. The VC Spectra (SPCT) […]
Huobi, the global cryptocurrency exchange, recently announced plans to integrate PayPal’s PYUSD stablecoin into its digital offering. Starting from September 7th, users will be able to make PYUSD deposits and spot trading pairings, such as PYUSD/USDT, BTC/PYUSD, and ETH/PYUSD, will be available. Withdrawals will be enabled from September 12th.The launch of PayPal’s PYUSD stablecoin signals […]
Binance, the world’s leading crypto exchange by trading volume, has seen the departure of 10 key executives from various departments in the first nine months of 2023. This has been a key talking point in the crypto community, as the number of executives leaving amid growing regulatory troubles has been a cause for concern. The […]
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a report commissioned by G20 under India’s leadership, outlining a comprehensive framework for regulating crypto-assets like Bitcoin and stablecoins. The paper synthesizes the policy recommendations from both organizations to help countries address the financial stability and integrity risks posed by the rapid […]
