Liquid staking solutions now have more TVL than DEXs: DefiLlama
From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million.
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Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan
BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.
Crypto Biz: Did crypto winter scare off Visa and Mastercard?
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market.
Helicopter Parents And Snowflake Kids: A Teacher’s Bitcoin Perspective
After discovering Bitcoin, an elementary music teacher can see that some poor parenting habits are incentivized by the fiat system. This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and an elementary school teacher. Source I’m a teacher by day and a rabid Bitcoiner by night. I currently teach elementary…
Swiss Bankers Association proposes deposit tokens to develop digital economy
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.
Crypto exchange Bittrex to wind down operations in the US
The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023.
First Republic’s crisis is not an isolated incident: JPMorgan exec
The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”
Venezuela overhauls national crypto department
A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018.
‘Ludicrous’ to think Signature Bank’s collapse was connected to crypto, says NYDFS head
The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement “Operation Choke Point 2.0.”
India explores offline functionality of CBDCs — RBI executive director
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.