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Parth Dubey January 16, 2023 at 13:04 UTC (11 minutes ago) The developers of Shiba Inu (SHIB) project shared some insights into the upcoming Layer 2 project called Shibarium. By lowering the fees and improving transaction speed, the Shiba Inu developers plan to “revolutionize the Shiba ecosystem.” The Layer 2 blockchain protocol will serve the … Read more
Gates is still active at Microsoft despite not being the day-to-day CEO. Bill Gates has made it clear that he is not impressed with NFTs and cryptocurrencies, claiming the are based on the “greater fool” theory. Gates believes generative artificial intelligence mirrors the future of AI. While the concept of a Web3 seems appealing to … Read more
A Binance spokesperson claims the company has resolved the system flaw and that there was no redemption impact for users. Binance has emerged as a likely target of regulators, being the largest crypto platform by market share. Crypto exchange Binance confirmed on Tuesday that it previously had a flaw in its system that left the … Read more
Parth Dubey January 10, 2023 at 16:35 UTC (1 minute ago) The CFTC sued Avraham Eisenberg, a digital artist, for two charges of market manipulation related to Mango Market exploit. It claims that Eisenberg “engaged in a manipulative and deceptive scheme to artificially inflate the price of swaps offered by the DeFi platform.” Gretchen Lowe … Read more
Leon Li, the cofounder of Huobi Global, holds more than half of the shares in Huobi Korea. Huobi Global recently announced plans to commence a 20% layoff in a bid to cut down on costs. Research firm Nansen revealed that Justin Sun recently transferred $100 million worth of stablecoins from crypto exchange Binance to Huobi. … Read more
Parth Dubey January 9, 2023 at 16:35 UTC (4 minutes ago) The central bank of Mexico is putting the finishing touches on the technological, administrative, and legal requirements for its CBDC. Mexican government had declared its intention to launch the digital peso in December 2021 to increase financial inclusion in the country. The country’s financial … Read more
Parth Dubey January 7, 2023 at 06:35 UTC (2 minutes ago) Governor of the Banque de France, Francois Villeroy de Galhau, stated that crypto firms should operate only under stricter regulatory permits. Rather than waiting for other European nations to adopt tighter regulations, France should do it right away once its legislation is ready, he … Read more
US regulators have filed a motion against the acquisition of assets belonging to Voyager Digital by Binance US for over $1 billion. The SEC, along with the U.S. Trustee within the Justice Department and state regulators from New Jersey and Vermont, have filed motions objecting to the deal. The regulators question the ability of Binance … Read more
Coinbase claims that its investment in compliance outpaces every other crypto exchange globally. Regulators first spotted issues with Coinbase’s compliance in 2020, but the exchange has been slow to implement recommendations. US-based crypto exchange Coinbase has agreed to pay a $50 million fine after regulators ruled that it allowed users to register accounts without conducting … Read more
Twitch streamer, DNP3, issued a public apology for using investors’ money to engage in gambling activities. DNP3 is known for working on projects like The Goobers NFT, metaverse platform Gridcraft Network, and charity-focused crypto CluCoin. The NFT creator confessed that he tried crypto casinos for the sake of his video, and then gradually, he got … Read more
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