The company that created the popular decentralized cryptocurrency exchange Uniswap, Uniswap Labs, was notified by Wells on April 10. The United States Securities and Exchange Commission (SEC) is acting as a prelude to a possible enforcement action against the corporation with this notice. The platform’s investor services and marketing tactics are allegedly at the heart … Read more
Meson Network will debut on OKX Jumpstart. Meson Network is a decentralized physical infrastructure network (DePIN) initiative that aims to create a simplified bandwidth marketplace. Starting at 6:00 AM (UTC) on April 26, 2024, Meson Network’s native token, MSN, will be featured in the event. In exchange for mining MSN tokens, OKX users will be … Read more
Claims that the Central Bank of Nigeria (CBN) gave local banks orders to freeze customer accounts connected to unlicensed cryptocurrency exchanges have been denied. The CBN has denied issuing any orders to financial institutions to freeze accounts connected to exchanges including Binance, OKX, Bybit, and KuCoin, despite reports to the contrary. The central bank explained … Read more
By utilizing artificial intelligence (AI), the Internal Revenue Service (IRS) is improving its oversight of bitcoin transactions. The IRS made a big advancement in the enforcement of cryptocurrency tax compliance when it released a draft of Form 1099-DA for Digital Asset Proceeds From Broker Transactions. Fears Increase as IRS Uses AI to Track Cryptocurrency Transactions … Read more
As financial asset infrastructures continue to go digital, researchers from the blockchain oracle platform Chainlink think asset managers have a “sizable” opportunity to get into tokenization. Blockchain oracle platform Chainlink outlined the possibilities and how interoperability and real-world data may unleash the value of tokenized assets in an industry research titled “Beyond Token Issuance.” The … Read more
The Canadian Association of Alternative Assets and Strategies (CAASA) and KPMG Canada recently produced a survey that indicates the country’s acceptance of cryptocurrencies is growing. Canada has made a comeback to the emerging cryptocurrency markets by adopting a stronger regulatory framework, and businesses and investors are again actively engaged in the industry. The report indicates … Read more
Over the past few weeks, prominent cryptocurrency investors, also referred to as “whales,” have been adding over $500 million worth of Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, to their holdings. Large cryptocurrency whales have been amassing the second-largest cryptocurrency over the last several weeks through a series of withdrawals from top cryptocurrency exchange … Read more
The Blockchain Association and the Crypto Freedom Alliance (CFAT) of Texas, two well-known organizations in the cryptocurrency space, have sued the US Securities and Exchange Commission (SEC) to challenge a recently enacted rule that broadens the definition of a “dealer” in securities. The SEC allegedly went beyond its jurisdiction and adopted an arbitrary and capricious … Read more
Like Dogecoin (DOGE) and Shiba Inu (SHIB), Crypto Rabbit (CRYRAB) has the potential to become a popular memecoin. Launched today, Crypto Rabbit (CRYRAB), a Solana memecoin, seeks to compete with other dominant memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Early backers of DOGE and SHIB saw enormous gains; Crypto Rabbit offers a comparable chance. … Read more
In the past seven days, not only has the price of NEAR Protocol [NEAR] easily outperformed Ethereum [ETH], but it has also outperformed the blockchain in numerous other areas. As of the time of publication, NEAR was trading for $7.51, a 39.06% increase over the previous seven days. Conversely, ETH was trading at $3,171. Over … Read more