The comments from European Central Bank head Christine Lagarde drew overwhelming backlash from the crypto community and political influencers. European Central Bank (ECB) president Christine Lagarde released a statement on Friday touting the digital euro, a central bank digital currency (CBDC), as a unifying force in the European Union (EU) and said the ECB is aiming to launch it “as early as possible.” “As much as banknotes will continue to circulate, we want cash to be in the form of a digital euro as well,” Lagarde said, adding that the central bank digital currency could be used for online payments in the EU. She continued: The ECB governing council announced on Thursday that it will move ahead with building the technical infrastructure to test and deploy a retail CBDC, slated to begin rolling out in 2029, if EU lawmakers pass legislation allowing the ECB to issue it. Read more
Broadcasting transactions before they are executed imposes a “hidden tax” on retail crypto users while alienating financial institutions. Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to decentralized crypto derivatives exchange DerivaDEX. All electronically-traded markets suffer from maximal extractable value or similar issues inherent in the information asymmetry in ordering trading transaction data, Palepu told Cointelegraph. The solution is to prevent order flow data from being visible before execution through processing transactions in trusted execution environments, which handle transactions privately through a funded vault or some other mechanism, Palepu said. He added: Read more
Broadcasting transactions before they are executed imposes a "hidden tax" on retail crypto users while alienating financial institutions. Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to decentralized crypto derivatives exchange DerivaDEX. All electronically-traded markets suffer from maximal extractable value or similar issues inherent in the information asymmetry in ordering trading transaction data, Palepu told Cointelegraph. The solution is to prevent order flow data from being visible before execution through processing transactions in trusted execution environments, which handle transactions privately through a funded vault or some other mechanism, Palepu said. He added: Read more