Paxos Standard

USDP is the native cryptocurrency of Paxos, a stablecoin that uses the Ethereum blockchain and is issued by the Paxos Trust Company. Every Paxos dollar (USDP) token is pegged to the U.S. dollar. This means the USDP price consistently remains around the $1 level, unlike more volatile cryptocurrencies such as bitcoin and ether whose prices … Read more

Is ‘DeFi Regulation’ an Oxymoron?

We’re nearing the end of “Policy Week” here at CoinDesk, which I’ve spent focused on the particularly thorny issues of regulating decentralized finance (DeFi). The technology, which removes intermediaries like banks and exchanges from asset trading, may require a major rethink of how securities regulation works. In the short term, though, there will likely be … Read more

Why US Policymakers Should Embrace Web 3

In 1997, the Clinton Administration published the groundbreaking “Framework for Global Electronic Commerce,” which set forth five key principles: Governments should recognize the unique qualities of the internet.The private sector should lead.Governments should avoid undue restrictions on electronic commerce.Where governmental involvement is needed, its aim should be to support and enforce a predictable, minimalist, consistent … Read more

Bancor

BNT is the native cryptocurrency of Bancor, a blockchain protocol that lets users directly convert virtual currencies rather than using centralized cryptocurrency trading platforms. Through its on-chain liquidity protocol and Smart Tokens, Bancor aims to enable automated and decentralized exchange on Ethereum and other blockchains. Bancor wants to facilitate automatic price determination and autonomous liquidity … Read more

Crypto Learns to Play the DC Influence Game

Facing a head-spinning array of new legislative and regulatory action out of Washington, D.C., the crypto industry is reacting the way any sector flush with cash would: It’s throwing money at the problem. Established trade associations are bulking up their lobbying operations, and individual firms seeking more bespoke treatment are hiring their own representatives from … Read more

Crypto News Roundup for Oct. 22, 2021

This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis. Today’s Stories: Bitcoin Bull Market Has Plenty Steam Left, Indicators Suggests CME Becomes Largest Bitcoin Futures Exchange as BITO Nears Position Limits Bitcoin Price Flash Crash on Binance.US Attributed to Trader Algorithm Bug Snap Warning Weighs on Futures; Treasuries Gain: Markets Wrap Stock … Read more

Bitcoin at Your Bank: NYDIG Names First 2 Firms to Roll Out BTC Buys

A partnership first announced in June is starting to bear fruit. Digital banking company Q2 Holdings said Friday that Five Star Bank and UNIFY Financial Credit Union will be the first to offer their customers the ability to buy, sell and hold bitcoin through a tie-up with NYDIG, an institutional bitcoin broker.This partnership will allow … Read more

Waves

WAVES is the native token of the Waves platform, an open-sourced technology for decentralized applications (dapps) that is typically used for products that require high security. Use cases include handling information related to finance, personal identification, gaming and storage of sensitive data. Waves price In April 2016, Waves held an initial coin sale, or ICO, … Read more