Instead of selling everything, each validator would choose a set of subnets to support, much like choosing holdings for a fund. The proceeds that would have been sold are reinvested in the chosen subnets, held as a basket that compounds over time, and staked back to the validator. Stakers still get their dividends and can […]
A new Bittensor proposal would make validators something like fund managers Read More »
In addition to new revenue opportunities, the model gives FIFA more visibility into who ultimately attends its events. In the traditional ticketing ecosystem, much of this information is controlled by secondary marketplaces. “The actual administrator of these tickets, FIFA, has no idea who the people are buying,” Carbonaro said. “That data is with SeatGeek, StubHub,
“This action is inconsistent with the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement sent to CoinDesk. So far, the states that have filed such a challenge to the prediction markets have faced countersuits from the CFTC, with Chairman Mike Selig taking an aggressive legal stance defending his agency’s authority
The distinction matters. Packaged bitcoin products such as WBTC, Coinbase’s cbBTC, and Circle’s recently announced synthetic bitcoin product already allow BTC to circulate in DeFi. But Tse said many bitcoin holders don’t like to give up custody in exchange for synthetic tokens. “Most users, a lot of users, don’t like it,” he said. “They don’t
Bitcoin (BTC) tier-2s face a bear market reality check Read More »
The GENIUS Act, signed into law last year, established the first federal framework for stablecoins in the United States. Among other requirements, issuers must hold reserves in cash, short-term government securities and certain government money market funds. The legislation has created an opportunity for traditional asset managers to offer regulated vehicles that stablecoin issuers can
Fidelity joins Wall Street’s race to manage stablecoin reserves Read More »
Coinbase’s ( COIN ) latest product launch event may not have changed Wall Street’s near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming into a broader financial platform with revenue streams that extend beyond bitcoin’s price cycles. At Tuesday’s System Update event in New York, Coinbase
That philosophy may influence Wednesday’s meeting. Bank of America said there is a chance Warsh will decline to submit his own projections to the Fed’s Summary of Economic Projections, or SEP, a move that will highlight his long-standing criticism of the central bank’s forecasting process. “If you’re not very good at something, you should do
Warsh’s first Fed meeting could be more about communication than pricing Read More »
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move that markets had expected almost unanimously. “Economic activity is expanding at a solid pace despite increased uncertainty, partly due to the conflict in the Middle East,” the press release states. “Inflation remains high relative to the committee’s target
The role of benchmark indices is to describe and measure markets. Delivering transparent rules, documented governance, independent oversight and clear procedures under stress requires rigor and discipline. Index providers apply these disciplines voluntarily, drawing on standards refined over decades in other asset classes. A new report from the Index Industry Association examines how digital asset
Target for a maturing market Read More »
The crypto industry is pushing back against a new tax law in the state of Illinois that imposes a 0.2% tax on companies that trade or store crypto for customers in the state, but it may be too late to change that in the short term. The law enacts a 0.2% tax on “any business
