Michael Hsu, the acting chief of the U.S Office of the Comptroller of the Currency that oversees banks, is excited about the possibilities of tokenization to solve settlement problems.
The announcement comes as Celestia’s recent launch and airdrop has kindled interest in “modular” blockchain projects that can relieve the burden on primary networks like Ethereum.
Summary of blockchain project fundraising for the week of Oct. 30 to Nov. 3. Highlights included a $12M raise for Ekubo Protocol and $6.3M for the AI-based blockchain project Modulus.
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.
The foundation claims that this will be the first ZK rollup that enables sharding, combining two popular scaling technologies.
“We are providing a gateway to staking without stepping in the middle or taking any revenue or profit,” founder Akbar Thobhani said.
Coinbase has been embattled in efforts to legitimize crypto in the U.S. and is fighting the U.S. Securities and Exchange Commission (SEC) in an unregistered-securities dispute.
The latest price moves in crypto markets in context for Nov. 7, 2023.
Issuance, circulation, and offering trading of “unsecured digital assets” is prohibited outside the country’s financial center under laws that came into effect earlier this year.
The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.