Centralized stablecoin issuer Circle is discontinuing support for USD Coin (USDC) on the Tron blockchain, citing concerns within its risk management framework. According to a Feb. 21 statement, this decision is rooted in the firm’s commitment to ensuring USDC remains “trusted, transparent and safe” for its user base. The company…
As crypto aims to go mainstream, improving user experience around Know Your Customer (KYC) processes is becoming a high priority. This was the key theme explored in a recent episode of SlateCast featuring Marcus Bengtsson, CMO of digital identity platform Checkin.com. The Friction of KYC While more robust KYC measures…
Groq’s LPU Inference Engine, a dedicated Language Processing Unit, has set a new record in processing efficiency for large language models. In a recent benchmark conducted by ArtificialAnalysis.ai, Groq outperformed eight other participants across several key performance indicators, including latency vs. throughput and total response time. Groq’s website states that…
Chainlink Labs is guiding major financial institutions towards adopting blockchain technology and tokenization, which is already underway, according to Niki Ariyasinghe, Head of Business Development for Asia-Pacific and the Middle East. During a recent talk, Ariyasinghe shared insights into this transformative journey, emphasizing the industry’s pivot from pilot programs to…
Quick Take Visual Cap data shared by Matt Hougan, CIO of Bitwise, illustrates the two-decade-long journey of Gold ETFs since the first Gold ETF — GLD — launched in the US in 2004. The data shows that between 2003 and 2012, Gold ETFs initially attracted substantial inflows due to the…
Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. 20. Prosecutors…
MetaMask, a leading crypto wallet, has partnered with Web3 security firm Blockaid to fortify security measures for its users across various chains, including Ethereum, Linea, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche. In a Feb. 20 statement shared with CryptoSlate, the firms explained that the collaboration would equip users with…
Ripple CEO Brad Garlinghouse commented on prospects for an XRP exchange-traded fund (ETF) in an interview with Bloomberg on Feb. 20. When asked whether Ripple would support an XRP ETF, Garlinghouse said: “We would certainly welcome it.” However, he did not describe any definite plans toward that end. When asked…
Coinbase’s non-US exchange saw over $1 billion in daily trading volume on Feb. 20. Coinbase International Exchange wrote: “In the last 24 hours [our] perpetual futures surpassed $1 billion in notional contract volume traded.” Coinbase CEO Brian Armstrong commented that it was the “first time” the non-US unit surpassed the…
The Hong Kong Monetary Authority (HKMA) unveiled comprehensive regulatory standards on Feb. 20 for the sale and distribution of tokenized financial products by authorized institutions. The initiative aims to foster innovation while ensuring robust consumer protection within the burgeoning field of tokenization, where real-world assets (RWA) are digitally represented using…