The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient regulation of crypto companies, particularly in the case of FTX exchange. Despite operating without a license for over two years, FTX was […]
North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily assigned to him after his Republican colleague, Kevin McCarthy, was ousted on October 4th. However, McHenry’s authority is limited to the Speaker vote and he cannot move […]
Uniswap, a decentralized exchange, has implemented a 0.15% swap fee on certain tokens, sparking questions about its impact on traders. This fee change could generate daily fees ranging from $388,000 to $444,000 on Uniswap V3. Approximately 35% to 40% of the platform’s transaction volume occurs on the front end. The targeted tokens for this fee […]
The European Union’s efforts to regulate the crypto industry and provide confidence to investors may take longer than expected. The transition to the Markets in Crypto-Assets Regulation (MiCA) framework, which aims to standardize regulations for crypto assets and service providers across the EU, has been delayed. The European Securities and Markets Authority (ESMA) has stated […]
ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the European Union earlier this year, is expected to take until December 2024 to be fully implemented. This means that crypto investors will remain at risk […]
South Korea’s Financial Supervisory Service (FSS) is working on regulations to complement the Virtual Asset Users Protection Act, which was recently passed. The FSS aims to have these regulations ready by January, well in advance of the law taking effect. During an audit conducted by the South Korean National Assembly Political Affairs Committee, FSS head […]
Major cryptocurrency exchange Binance has temporarily halted the onboarding of new users from the United Kingdom. This decision comes after the exchange’s previous local partner, Rebuildingsociety.com Limited (REBS), was restricted by the UK financial regulator, the Financial Conduct Authority (FCA), from approving cryptocurrency marketing materials. Binance is now searching for a new FCA-authorized partner to […]
Cardano creator Charles Hoskinson believes that the real battle in the digital asset space is between cryptocurrencies and central bank digital currencies (CBDCs). In an interview, he warns of the dangers of CBDCs and emphasizes the importance of decentralized crypto. Hoskinson argues that the game is not about Ethereum versus Cardano or other specific cryptocurrencies, […]
The Fantom Foundation has confirmed that it and its employees suffered losses in a recent attack, with a total of $550,000 worth of Fantom Foundation funds being compromised. However, the majority of the Foundation’s holdings, more than 99%, were unaffected by the attack. The Foundation also revealed that one of its employees was targeted in […]
The Fantom Foundation, a smart contract and Dapp platform, has fallen victim to a phishing scam resulting in the loss of hundreds of millions of dollars from its crypto wallets. The hack, which affected only the foundation and not the blockchain itself, saw the theft of approximately $7 million worth of funds, including ETH, Tether, […]
