January 16, 2024 The EEA’s Defi Risk Assessment, Management and Accounting Working Group (commonly known as the “DRAMA WG”) today released a review draft of its Defi Risk Guidance Discussion Paper. The group invites the public to comment on the draft until April 15, 2024. The review draft is available at https://entethalliance.org/specs/drafts/defi-risks/20230116/. This discussion paper provides guidance on the risks involved in using DeFi and how to assess, manage, explain and mitigate these risks. It is primarily written for DeFi protocol users and protocol investors, but is also relevant to protocol developers seeking to minimize protocol risk. Likewise, it can…
Author: danygeemarketing
Standard Chartered expects the U.S. Securities and Exchange Commission (SEC) to give the green light to an Ethereum exchange-traded fund (ETF) by May 23, The Block reported on January 30, citing a research report.This expectation reflects the SEC’s timeline and approach in its previous process for approving a spot Bitcoin ETF.Classification of EthereumGeoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that given the SEC’s previous stance on ETH, it seems likely that the Ethereum ETF will be approved.Unlike some cryptocurrencies that have been classified as securities in legal proceedings against crypto companies, Ethereum…
The U.S. Securities and Exchange Commission (SEC) is preparing to adopt a similar approach to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) to be replaced by a spot Ethereum ETF, which is expected to Agree According to Standard Chartered’s analysis, the project will be approved by the original final deadline of May 23. Ethereum ETF faces delays, approval still possible according to a Report Geoffrey Kendrick, head of FX and digital asset research at Standard Chartered Bank, said they expect the Ethereum ETF spot application to be approved on May 23, a date considered to be comparable to the…
Solana price has gained over 8% in the past week, breaking the important $60 level. As of this writing, Solana is trading up 3% at $61.07.Over the past week, the asset’s total market capitalization has climbed to $25.9 billion, ranking it sixthth The largest cryptocurrency after XRP. The total volume of SOL transactions fell by 8% on the last day. Bullish hints for SOL As it continues to grow, Solana’s price has become one of the best-performing cryptocurrencies this year. The “Ethereum Killer” has impressed investors throughout the year amid resurgent bullish sentiment, with SOL’s price rising by more than…
Blockchain payment company Ripple recently suffered a major security breach, resulting in the loss of a large amount of XRP. The hack, discovered by decentralized finance (DeFi) sleuth ZachXBT, raised serious concerns about the security of the protocol and triggered a series of illegal transactions involving stolen XRP. XRP Hack Attacks Ripple according to After investigation, the hacking attack resulted in the theft of more than 213 million XRP, worth more than $112 million. The stolen funds were then laundered through cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC and several undisclosed platforms. As shown below, the blockchain…
HitBTC is pleased to announce that XRD, the Radix network’s native token, is now available on its platform. XRD is used to protect the security of the Radix Network by staking the Radix Network into its Delegated Proof of Stake mechanism. Users simply use XRD to pay transaction fees in the Radix network, and it can also be used as a medium of exchange.XRD currently provides spot trading of the XRD/BTC and XRD/USDT trading pairs on HitBTC.The addition of XRD to HitBTC is another step towards improving access to the Radix network, which already has an ecosystem of over 130…
Solana price has risen significantly over the past few weeks, climbing to its highest level since April 2022. The “Ethereum Killer” almost broke through the key $100 level on Friday before retreating slightly.The asset’s recent surge has seen Solana’s total market capitalization jump to $39.6 billion, ranking it at No. 5th Below and above BNB and XRP respectively. Solana has gained more than 22% in the past week and is up more than 80% so far this month. At the time of writing, SOL price is down 0.90% to $93.10. Catalysts behind SOL rally Solana price has been on a…
El SalvadorDespite its efforts to embrace financial inclusion and stimulate economic development Bitcoin as legal tender, appears to be having trouble achieving widespread acceptance of digital currencies.A research survey conducted by a group of economics professors reveals how the country is implementing Bitcoin. Professor conducts Bitcoin research in El Salvador The research report was co-authored by David Argente, Assistant Professor of Economics at Yale University, Diana Van Patten, Professor of Economics, and Fernando Alvarez, Professor of Economics at the University of Chicago, unveiling Bitcoin adoption and overall sentiment among sovereign nations. The report highlights the findings of an in-depth face-to-face…
El SalvadorDespite its efforts to embrace financial inclusion and stimulate economic development Bitcoin as legal tender, appears to be having trouble achieving widespread acceptance of digital currencies.A research survey conducted by a group of economics professors reveals how the country is implementing Bitcoin. Professor conducts Bitcoin research in El Salvador The research report was co-authored by David Argente, Assistant Professor of Economics at Yale University, Diana Van Patten, Professor of Economics, and Fernando Alvarez, Professor of Economics at the University of Chicago, unveiling Bitcoin adoption and overall sentiment among sovereign nations. The report highlights the findings of an in-depth face-to-face…
Dear Traders and HitBTC Community,HitBTC is proud to serve the global trading community and be the first choice for traders who value fast execution, wide variety, ample liquidity, and strong trading volumes!For the latest information from HitBTC, including the latest news and announcements, please follow our official social media channels:Social media channels are managed by our official representatives and we welcome your comments and messages on Twitter and Reddit.Please note: The above link points to HitBTC’s only official social media channel. All other groups, channels and accounts on any social media platform are not supported by us and we do…