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Tether (USDT) inflows to exchanges have surged, averaging $40 million daily over the past eight weeks, fueling a bullish crypto market as Bitcoin reaches record highs. USDT now dominates 66% of the $212 billion stablecoin market, reflecting its growing utility beyond trading, with potential expansion into cross-border payments and remittances. Regulatory clarity is anticipated to further unlock stablecoins' potential, particularly in emerging markets.
Graphite Network has launched a high-performance L1 blockchain, addressing Ethereum's scalability and cost issues with capabilities of up to 1,400 transactions per second and confirmation times under 10 seconds. Utilizing a Proof-of-Authority consensus model, it offers a user-centric ecosystem with enhanced privacy through off-chain KYC processes and a unique reputation-based approach, ensuring secure interactions while maintaining user anonymity. As Ethereum struggles with reduced gas fee burns and competition from other L1 networks, Graphite positions itself as a viable alternative for developers and users alike.
Hong Kong's securities regulator has approved four new cryptocurrency exchanges—Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology—enhancing its status as a digital asset hub. This decision follows a surge in Bitcoin prices and reflects the city's commitment to a robust regulatory framework while balancing investor protection and business growth. The newly licensed platforms must meet strict operational conditions, joining three previously approved exchanges and signaling a trend toward regulatory maturity in the crypto space.
Arthur Hayes, co-founder of BitMEX, warns that the bullish crypto market following Donald Trump's election victory may face a significant downturn around his inauguration on January 20th. He predicts a "harrowing dump" as investors realize that substantial policy changes may take time, leading to a sell-off in crypto assets. Despite this, Hayes remains optimistic about potential market recovery after the inauguration.
Deutsche Bank is developing a compliance-driven layer-2 blockchain solution on Ethereum using ZKsync technology, aimed at addressing regulatory challenges in financial systems. Part of Project Dama 2, it will enhance transaction efficiency while ensuring oversight for regulators. A minimum viable product is expected by 2025, pending regulatory approval.
Deutsche Bank is launching Project Dama 2, a layer two (L2) pilot program utilizing ZKsync technology to navigate regulatory challenges in blockchain. This initiative, part of Singapore’s Project Guardian, focuses on asset tokenization while ensuring compliance and oversight for financial institutions. The bank plans to introduce a basic version next year, aiming to enhance transaction efficiency without relying solely on the Ethereum Layer 1 for detailed records.
Bitcoin has surged past $100,000, yet altcoins like XRP and Solana have struggled to keep pace, with Ethereum up only 69% this year compared to Bitcoin's 150%. Analysts predict an imminent altcoin season, driven by Ethereum's recent price rally and significant inflows into Ether ETFs. Solana is emerging as a strong competitor, attracting more developers and surpassing Ethereum in decentralized exchange trading volume, while regulatory clarity may further boost altcoin investments.
Donald Trump's victory has sparked a significant surge in the U.S. cryptocurrency market, with a 65% increase in total market cap since his reelection, according to JPMorgan. The incoming administration is expected to foster a more favorable regulatory environment for crypto, although tangible policy changes may take nine to 12 months to materialize. Key appointments, including the CFTC chair, will be crucial for shaping future crypto regulations and promoting innovation in the industry.
Germany’s Deutsche Bank is launching Project Dama 2, a Layer 2 protocol aimed at enhancing blockchain efficiency while ensuring compliance with regulatory standards. This initiative, part of the Monetary Authority of Singapore’s Project Guardian, utilizes ZKsync technology to reduce transaction costs and mitigate risks associated with public blockchains by implementing a curated validator list and providing regulators with oversight tools. A minimum viable product is expected in 2025, pending regulatory approval, potentially setting a precedent for integrating blockchain in traditional finance.
Deutsche Bank is set to launch an Ethereum layer-2 solution, named Project Dama 2, aimed at enhancing transaction efficiency while ensuring compliance for financial institutions. This initiative will utilize ZKsync technology and allow banks to curate validators, addressing regulatory concerns while providing oversight capabilities for regulators.The project is part of Singapore's Monetary Authority's Project Guardian, involving 24 financial institutions exploring blockchain asset tokenization. However, the design raises decentralization concerns among blockchain advocates due to the control given to regulators over transaction validation.
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