Crypto

US senators challenge DOJ’s broad definition of crypto money transmitters

Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. According to the lawmakers: “The DOJ’s unprecedented […]
The post US senators challenge DOJ’s broad definition of crypto money transmitters appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

Crypto investment products see first inflow in weeks despite subdued trading volumes

Crypto-related investment products recorded their first inflow in over a month, totaling $130 million during the past week, according to CoinShares’ latest weekly report. The inflows mark a notable shift in investor sentiment after weeks of negative flows across the crypto market. However, the inflow did not improve investors’ participation in the asset class as […]
The post Crypto investment products see first inflow in weeks despite subdued trading volumes appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

Layer 1, 2, 3, parachain, sidechain – What’s the difference?

The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s not always very clear which […]
The post Layer 1, 2, 3, parachain, sidechain – What’s the difference? appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

New Hampshire representative proposes Bitcoin ETF investment to address state financial liabilities

New Hampshire State Representative Keith Ammon discussed the potential benefits of the state diversifying its financial reserves into Bitcoin exchange-traded funds (ETFs) in a May 12 social media post. The SEC approved trading spot Bitcoin ETFs on US exchanges in January. Since then, the products have generated huge interest, with major financial institutions like JPMorgan […]
The post New Hampshire representative proposes Bitcoin ETF investment to address state financial liabilities appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

DeFi landscape shifts as Solana dethrones Ethereum in trading volume

Identifying trends in DeFi requires analyzing activity on decentralized exchanges (DEXs). These DEXs are the cornerstone of the DeFi market, at the center of DeFi activity, and the main driving force of the sector. To understand what drives DeFi, we need to look at the volume, trader activity, and variety of trading pairs on DEXs. […]
The post DeFi landscape shifts as Solana dethrones Ethereum in trading volume appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024