Crypto News

Centralized crypto exchange Coinbase now offers Bitcoin-based loans through Morpho, a lending protocol on its Ethereum layer-2 network, Base.Source link

On Thursday, the decentralized exchange (dex) and automated market maker (AMM) Uniswap revealed that transaction volumes on the platform’s layer two (L2) solutions have surpassed the $500 billion threshold. Half a Trillion and Counting: Uniswap’s Layer 2 Expansion Shatters Records Since its debut on Ethereum mainnet on Nov. 2, 2018, Uniswap has significantly evolved, expandingSource link

U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency issues in his nomination hearing on Thursday. But he had a chance to register strong opposition to a U.S. central bank digital currency (CBDC) and to note that he favors a modern outlook on crypto.The billionaire hedge fund manager told the Senate Finance Committee, which is set to consider confirmation of his nomination, that the Federal Reserve shouldn’t issue a digital dollar — a controversial idea that's widely seen by the crypto industry as a governmental incursion on its turf."I see no reason for the U.S. to have a central bank digital currency," he said. "In my mind, a central bank digital...

Santori made the announcement on Wednesday and said he would remain at the company in a senior advisory role, amid rumors that he will soon seek a position in the Trump administration. Kraken’s Chief Legal Officer Calls It Quits After Five Years Marco Santori, chief legal officer at cryptocurrency exchange Kraken announced his resignation onSource link

Traders’ reactions to price swings may create feedback loops, impacting altcoins much more than Bitcoin, one analyst said.Source link