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Opinion by: Barna Kiss, CEO of Malda An idea recently floated by some prominent thinkers in the Ethereum space to reclaim value for the mainnet is the taxing of its Layer-2s. The future of Ethereum does not depend on policy but on enabling frictionless capital movement between the L2s in question. Tariffing rollups may appear …
Continue reading “Frictionless flows are Ethereum's path to economic dominance”
Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious. Many seasoned professionals in finance, wealth management and economics often question blockchain’s relevance, asking, How exactly is blockchain supposed to fit into what we already do? This question reflects …
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Representative Maxine Waters, ranking member of the House Financial Services Committee (HFSC), led Democratic lawmakers out of a joint hearing on digital assets in response to what she called “the corruption of the President of the United States” concerning cryptocurrencies. In a May 6 joint hearing of the HFSC and House Committee on Agriculture, Rep. …
Continue reading “Dem lawmakers object to hearing, citing 'Trump’s crypto corruption'”
Binance co-founder Changpeng “CZ” Zhao expects Bitcoin’s price to top at $500,000 to $1 million during this market cycle. During an interview with Rug Radio published on May 5, Zhao said that he expects Bitcoin to reach up to one million dollars during this market cycle. He also highlighted the role of Bitcoin spot exchange-traded …
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Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies. The joint collaboration aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6. “This …
Continue reading “Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’”
Key points: Bitcoin is struggling again as gold retakes the limelight with week-to-date gains of nearly 5%. Bitcoin’s correlation with gold is under scrutiny amid ongoing macroeconomic shifts. Traders see a short-term slump amid a wider BTC price rebound. Bitcoin (BTC) eyed fresh month-to-date lows into the May 6 Wall Street open as “directionless” crypto …
Continue reading “Bitcoin risks sub-$92K retest as BTC price fails to match 4% gold gains”
Democratic lawmakers in Washington are backing off support for crypto legislation amid heightened concerns over corruption, including the conduct of the Trump family’s World Liberty Financial (WLFI). In March, the GENIUS Act, which would regulate stablecoins in the US, passed a critical committee reading with the support of several pro-crypto Democrats. Democratic Senators Ruben Gallego, …
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Key takeaways: Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors. Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoin’s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and …
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While blockchain infrastructure may be ready for institutional use, many legal teams at large firms remain cautious about full integration with the technology. At the Token2049 event in Dubai, DoubleZero Labs founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s high-performance blockchains like Solana are technically capable of supporting large-scale institutional …
Continue reading “Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO”
Investment bank Citi and Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization. The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities Depositary (CSD) platform to tokenize, settle, and safekeep assets, according to a May 6 announcement. The platform, expected to go live by …
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