Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains. The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum-based NFTs. Trade and swap crypto with no network fees. A web3 wallet from us. Get early access: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty — Robinhood (@RobinhoodApp) May 17, 2022 The app is a significant step for the company in providing crypto services. Prior to January…

Cardano (ADA) Could Slide Back To $0.40

Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters. As of this writing, the crypto…

Bitcoin Eyes Fresh Increase But This Level Is The Key

Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase. Bitcoin is struggling to gain momentum above $30,500 and $30,600. The price is now trading near the $30,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $31,350 resistance. Bitcoin Price Is…

German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU). BaFin is Germany’s financial regulatory body responsible for regulating banks, insurance firms, and financial institutions including cryptocurrency companies. BaFin is the issuer of “crypto custody licenses,” a permit required for firms wanting to offer cryptocurrency services within Germany. In an article on BaFin’s website Rodolphe warned of the risks to consumers of the unregulated DeFi space and called for standardized…

Embracing Decentralization: Integrating and Building Protocols at Coinbase | by Coinbase | May, 2022

By Jesse Pollak, Senior Director of Engineering at Coinbase Tl;dr: Coinbase is committed to its vision of investing in web3 and the broader cryptoeconomy. We’re embodying this vision by integrating, building, and supporting protocols at Coinbase. Protocols are increasingly integrated into our products, a focus for teams across the company, and a major investment area for Coinbase Ventures. To support this work, we’re growing our Smart Contract Engineering team and building protocol expertise across every role. Over the past year, Coinbase has begun laying the groundwork to transform into a…

Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role. Johnson was nominated to be a CFTC commissioner by U.S. President Joe Biden in September 2021, concurrent to the nominations of commissioner Christy Goldsmith Romero and acting chairman Behnam as the permanent chair. Johnson was sworn in on March 30. She moved into the position after spending over a decade as a law professor. Johnson is…

Web3 Online Reviews Marketplace Tested Web Announces

AUSTIN, Texas, May 17, 2022 (GLOBE NEWSWIRE) — Tested Web, a Web3.0 Online Reviews and Intelligence marketplace, announced its partnership today with Silent Notary, a blockchain-powered online validation and notarization provider. Through this partnership, Silent Notary will validate user-generated online reviews on the Tested Web platform, in addition to the latter’s L2 Solana-powered main protocol. Tested Web also becomes the first company to receive a $1,000,000 UBSN grant. Established in 2018, Silent Notary is a multiplatform blockchain solution that ensures the existence, integrity, and attribution of communications, processes, and data…

Enterprise-grade Liquid Staking Standard with Support of Coinbase Cloud and Figment | by Coinbase | May, 2022

Tl;dr: Enterprise-grade liquid staking is an industry gap. The first-ever enterprise-grade liquid staking protocol is being launched by a highly experienced team of founders, with early support from Coinbase Cloud and Figment. We couldn’t be more excited to announce that Coinbase Cloud, in collaboration with Figment, is supporting a group of experienced founders and operators who are building the first enterprise-grade liquid staking protocol. The founding team of Alluvial, the software development firm developing the new protocol, is led by Matt Leisinger, former Head of Liquid Staking products at Figment;…