22 April

“The two chief executives discussed Goldman Sachs advising FTX, which was valued at $32 billion in January, on future funding rounds and taking a role in a potential initial public offering (IPO). Solomon also offered Goldman Sachs’s advice to FTX in discussions with regulators in the U.S.

The two also discussed collaborating on market making in crypto trades. Market making involves setting buy and sell prices on certain assets to facilitate trades and provide liquidity.

The discussions demonstrate the increasing interest mainstream financial institutions are taking in the crypto industry after Goldman Sachs led the initial public offering (IPO) of crypto exchange Coinbase (COIN) last year.”

See Also: Institutional Goes Exotic: Valkyrie’s Multi-Coin Trust Eyes Staking Rewards

The second-largest cryptocurrency went ahead of Bitcoin in total realized gains in 2021, clinching a narrow win with $76.3 billion to Bitcoin’s $74.7 billion, according to a new report by blockchain forensic firm Chainalysis.

We believe this reflects increased demand for Ethereum as the result of DeFi’s rise in 2021, as most DeFi protocols are built on the Ethereum blockchain and use Ethereum as their primary currency.

According to a January report by CoinGecko, the market cap across the decentralized finance (DeFi) protocols grew by 7.5x from $20 billion to $150 billion in 2021. DeFi Llama, a data dashboard tracking all things DeFi, shows that the number two crypto network enjoys a 54.43% market share of all activity.”

See Also: Blockchain Gaming Usage Explodes 2,000% in a Year: DappRadar
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“The marketplace, which was first announced last October, will support Ethereum-based NFT trading, with a social-media spin that could distinguish it from competitors.

The platform will allow users to showcase their personal profile and follow accounts whose content will appear in a “For You” feed, which is visually similar to social-media platforms like Instagram and TikTok. Users will also be able to “like” and comment on each other’s posts.

This product is more than just buying and selling, it is about building your community.

Coinbase has a plan for what it’s calling “progressive decentralization” within the marketplace, where certain features will begin centralized but eventually move on-chain. The marketplace will support ‘all sorts of self-custody wallets‘ besides the official Coinbase Wallet, a decision the exchange made to create ‘an open NFT environment for everyone.‘”

See Also: 0x Protocol’s Token Surges Over 47% After Coinbase NFT partnership

The government will also start enabling Bahamians’ access to digital assets using the Bahamas sand dollar, a central bank-issued digital currency that was launched in 2020.

We have a vision to transform the Bahamas into the leading digital asset hub in the Caribbean.”

See Also: Russian tax authority proposes using crypto as a foreign trade payment tool

“The Treasury Department’s Office of Foreign Asset Control (OFAC), which handles the U.S. sanctions list, added BitRiver and 10 subsidiaries, saying the companies “operated in the technology sector” of Russia’s economy.

By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources.”

See Also: BitRiver Calls OFAC Sanctions ‘Unfair’ Anti-Competitive Move to Benefit US Miners

A new smart contract would take a portion of each transaction fee within its blockchain network and automatically process it to purchase verified carbon credits at ClimateTrade, a blockchain-based carbon offset marketplace.

According to Algorand Foundation CEO Staci Warden, the move will allow the network to scale while still being carbon negative.

The industry is moving in the right direction by adopting proof-of-stake as the preferred consensus mechanism.”

See Also: TON Users Donate $1B to Advance Ecosystem, Foundation Says

“Since iTrustCapital’s inception four years prior, the firm has attracted more than 35,000 clients with its crypto IRAs.

IRAs enable individuals to save for retirement through tax-free capital accumulation or on a tax-deferred basis. Those with IRAs do not need to pay taxes on asset capital gains held within these accounts but may need to pay taxes on withdrawals when they reach retirement age, depending on account type.”

See Also: 3.6M Americans to use crypto to make a purchase in 2022, research firm predicts