“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February.
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations.
According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures.
In a week when the crypto industry — and the rest of the world — was beset by bad news about banking, one more banking setback has come to light.
The next generation of securities and asset tokenization has been held back by a lack of infrastructure and regulatory standards worldwide, according to BlackRock’s Larry Fink.
“I just want to know why, we, a billion dollar project that paid $10m dollars to develop our layer 2, have another projects Chain ID,” wrote one user.
The suit is led by Edwin Garrison and was filed against “FTX influencers,” primarily on YouTube.
The upgrade will enable staked ETH withdrawals on the Beacon Chain, completing Ethereum’s transition to a PoS consensus.
The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however.