CFTC Monitors Polymarket, Offshore betting Platforms – Chair
The United States Commodity Futures Trading Commission has announced that it closely monitors Polymarket and other offshore crypto betting platforms that provide derivatives contracts to US consumers. In a Jul. 17 discussion at the Georgetown Psaros Center for Financial Markets and Policy, CFTC Chair Rostin Behnam stated, “We are monitoring any offshore activity that is […]
Google Cloud Launches Ethereum-compatible RPC Service
Google Cloud launched a Blockchain Remote Procedure Call (RPC) service to facilitate the interaction between crypto developers and blockchain data and is presently only compatible with Ethereum. Initially, the new service will be compatible with the Ethereum mainnet and testnet. In a blog post on September 17, Google Cloud announced that it intends to expand […]
TON, Curve Finance Partner on Stablecoin Swap Initiative
The TON Foundation has partnered with Curve Finance, a decentralized exchange (DEX), to optimize stablecoin swaps with reduced price volatility and slippage. To enhance the user experience and stablecoin trading on the TON blockchain, the partnership will work together to “incubate a new TON-based stable swap project.” The TON-based swap initiative will employ Curve Finance’s […]
Trade Group UK Says Blockchain Could Help Payments Sector
According to Trade group UK, the finance industry, which conducts $14.5 trillion in payments annually, could benefit from a blockchain-based ledger for payments and settlements. UK Finance expressed its satisfaction with the Regulated Liability Network (RLN), a blockchain-based ledger for central bank digital currencies (CBDC) and tokenized assets, following the conclusion of its effective experimental […]
Intel Shares Soar After Plan to Establish AI-focused Foundry
Intel shares go up by 6% following plans to revitalize the company by establishing an independent subsidiary for its AI-focused foundry business. Intel’s stock price has declined by nearly 45%, and the company has reported multibillion-dollar losses in the past year. In a memo to employees on September 16, Intel CEO Patrick Gelsinger announced that […]