“The Elrond blockchain architecture has been designed from scratch to evolve beyond the current scaling limitations of, say, Bitcoin or Ethereum,” Elrond co-founder and CEO Beniamin Mincu told CoinDesk in an email, touting the network’s high transaction capacity.
The service is built on Bitstamp’s existing technology stack, allowing companies to access the exchange’s Nasdaq matching engine, giving the service scalability and reliability. It also provides market specific and regulatory compliant anti-money laundering (AML) and know-your-customer (KYC) features, as well as custody services for hot and cold wallets.
Coinbase’s (COIN) trading launch in India on Thursday appears to have stumbled as the National Payments Corporation of India (NPCI), the organization that oversees retail payments and settlement systems in India, said it is “not aware of any crypto exchange” using UPI, a popular payments system in the country.
Armstrong acknowledged the regulatory challenge in promoting the technology to mass acceptance at a time when enthusiasm has dipped due to the new tax law. “We know it’s not going to be a straight shot to bring this technology. We don’t know exactly how it’s going to evolve. But we’re committed to working with bank […]
Spot trading for Solana’s SOL and Avalanche’s AVAX tokens against UST stablecoins have also started.
Two pitch decks seen by CoinDesk show that OpenSea’s former head of product, Nate Chastain, is building a platform to simplify the NFT discovery process.
The Basel Committee on Banking Supervision is already looking into the capital treatment for such crypto-related exposures at banks. Whatever that global standard-setter decides will influence the decisions made by its member governments, including the U.S.
Bank Leumi is offering this service in partnership with New York-based custody and trading platform Paxos.
Mairead McGuinness, the European Commission’s most senior financial-services official, hailed what she described as “groundbreaking work” that could enable financial markets to “safely experiment” with innovative technology more efficiently by allowing traditional financial instruments like stocks, bonds and exchange-traded funds to be tokenized in spite of strictures normally contained in EU law.
“It’s still to be determined what ApeCoin enables beyond governance,” Sean Farrell, head of digital asset strategy at Fundstrat, said. “If history has taught us anything, meme-driven tokens can undergo some pretty crazy episodes of price discovery.”