UK finance watchdog nears final consultation step on key crypto rules

The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector.

The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector.

Entropy founder and CEO Tux Pacific says that, after four years and multiple pivots, the project was unable to find a scalable business model.

The SECβs Paul Atkins and the CFTCβs Michael Selig will discuss the two agencies' crypto oversight as legislative efforts to define their roles work through the Senate.

Bitwiseβs Matt Hougan argued crypto markets performed poorly in Q4 despite strong fundamentals, similar to early 2023 when crypto rebounded from 2022 lows.

Ripple president Monica Long says blockchain is becoming the βoperating layer of modern financeβ and global balance sheets will hold $1 trillion in digital assets.Β

Pendle will begin to slowly phase out its governance token vePENDLE and replace it with sPENDLE this month, offering a more flexible model it hopes will boost adoption.

MegaETH will open its mainnet for several latency-sensitive apps as part of testing, targeting 11 billion transactions over a week while under load.