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Nasdaq CEO outlines 3 ways blockchain can solve finance

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Nasdaq CEO Adena Friedman sees blockchain reshaping the traditional financial system in three key ways: by overhauling post-trade infrastructure, freeing up locked-up capital through better security mobility, and enabling faster, more seamless payments. “There’s just so much capital trapped, whether it’s in clearinghouses or clearinghouses,” Friedman said during a discussion with Ripple president Monica Long […]

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Down 6% as technical breakdown trumps UBS, FTSE Partnership

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Native token of oracle network Chainlink CONNECTION$14.72 broke through key technical support levels on Tuesday, falling 6% to below $14.50, CoinDesk data shows. The decline accelerated on massive volume that surged 57.81% above its seven-day average, signaling aggressive distribution rather than thin market selling, CoinDesk Research’s technical analysis model noted. The weak price action fell

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20% free fall in two days amid $1 billion liquidation cascade

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Ethereum’s Ether ETH$3,278.49 just tumbled more than 20% on Tuesday in a two-day rout almost identical to the Oct. 10 crash. Trading just below $4,000 early Monday, the second-largest cryptocurrency by market capitalization fell to nearly $3,000 by Tuesday afternoon in the U.S., touching its weakest level since mid-July. It is the second severe correction

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The ZKsync proposal aims to tie the $ZK token to network revenue

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The creator behind the Ethereum layer-2 network ZKsync has unveiled a proposal to transform its $ZK token from a governance instrument to a token with real economic utility. A new proposal, “From Governance to Utility: ZK Token Proposal, Part I,” published Tuesday by Alex Gluchowski in the ZKsync community forum, outlines how network usage and

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Coinbase Faces Flak from Traditional Bankers on Its Push for Trust Bank Charter

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A U.S. banking lobby group petitioned the agency that issues federal bank charters, the Office of the Comptroller of the Currency, to reject Coinbase’s application for a trust charter, arguing that the crypto exchange fails to meet requirements in several categories. The Independent Community Bankers of America, an influential group focused on the policy needs

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XRP Ledger’s Dual Utility Could Make It A Breakout ETF Play, Experts Argue

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NEW YORK — XRP Ledger’s ability to support both value transfer and real-world payments from a single platform could give it a structural advantage in the growing crypto-ETF market, according to Bitnomial founder and CEO Luke Hoersten. “What I think is unique about XRP and RLUSD is that you have a single ledger that drives

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The appeals court seems unfazed by Sam Bankman-Fried’s claims of an unfair trial

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NEW YORK — Former FTX CEO Sam Bankman-Fried’s chances of getting a new trial appear to be dwindling, judging by the pointed questions from an appeals court during a hearing in Manhattan on Tuesday. Bankman-Fried’s attorney Alexandra Shapiro told the trio of Second Circuit judges that the high-profile trial was “fundamentally unfair” because her client

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