The recent report from the Polkadot Treasury for the first half of 2024 has highlighted concerns over an impending funding crisis. The report reveals that the Treasury’s assets, spread across multiple chains, have become increasingly challenging to manage effectively. DeFi Ignas, a decentralized finance researcher, analyzed the report and pointed out the Treasury’s limited runway
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Sony Group, a prominent conglomerate based in Japan, has made a significant move by announcing the acquisition of Amber Japan and its WhaleFin exchange. This acquisition marks Sony’s entry into the world of cryptocurrency exchanges, with plans to rebrand WhaleFin as S.BLOX Co. As part of this partnership, Sony aims to revamp the exchange’s user
In today’s rapidly evolving digital finance landscape, the emergence of crypto assets has presented both unprecedented challenges and opportunities for regulators worldwide. The European Union, as the largest government body in the region, has introduced the Markets in Crypto-Assets regulation (MiCAR) to establish proactive frameworks for dealing with these new assets and services. However, the
Recently, Kraken founder Jesse Powell made headlines by donating $1 million, primarily in Ethereum, to support former President Donald Trump’s re-election bid. Powell justified his donation by stating that it was essential for the US to maintain its leadership in blockchain technology. He expressed his excitement in rallying behind the only pro-crypto major party candidate
ESMA’s proposed regulations under the Markets in Crypto Assets Regulation (MiCA) have stirred up controversy within the crypto community. Paradigm, a prominent firm in the industry, has raised concerns over ESMA’s misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. The Role of MEV in DeFi Ecosystems MEV refers to the
Nigeria’s Securities and Exchange Commission (SEC) has recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum is part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) initiated by the SEC. Despite facing challenges such as a two-year ban on banks facilitating
When it comes to traveling with cryptocurrency, one of the most crucial aspects is safeguarding your digital wallet. It is essential to ensure that your crypto holdings are secure and protected at all times. Utilize time-tested strategies such as using secure wallets and implementing multi-factor authentication to prevent unauthorized access to your funds. When accessing
Recently, the New York Attorney General’s office finalized its settlement with Gemini, a cryptocurrency exchange platform, resulting in the recovery of $50 million for users affected by the defunct Gemini Earn program. This settlement was reached on June 14, and it signifies an important step in addressing the legal charges brought against Gemini by the
The copy trading industry is continually evolving, with brokers seeking sophisticated platforms that cater to the diverse needs of their traders. B2Broker is at the forefront of this revolution, introducing B2Copy, a next-gen investment platform that combines copy trading, PAMM, and MAM functionalities. This innovative platform is set to shake up the market and provide
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant players. Despite the increasing popularity of decentralized platforms, CEXs continue to hold a significant share of the market. These exchanges not only facilitate the buying and selling of cryptocurrencies but also provide valuable insights into market sentiment through the analysis of