The dYdX community overwhelmingly approved the proposal to stake 20 million DYDX tokens with Stride to increase the security of the protocol as DEX activities grow. The Decentralized Exchange (DEX) ecosystem has witnessed a significant increase in trading activity, prompting the dYdX community to take strategic measures to improve the security and integrity of the … Read more
Leading cryptocurrency exchange OKX has revealed plans to list Tensor (TNSR) on its spot trading market. The listing will begin on April 8, 2024, with TNSR deposits opening in the morning and spot trading starting in the afternoon. The Tensor Protocol, built on the Solana blockchain, serves as an autonomous protocol based on smart contracts, … Read more
South Korea’s main political parties are unveiling crypto incentives, with the Democratic Party eyeing ETF liberalization and the People’s Power Party proposing a digital asset tax delay. In an effort to drum up support ahead of upcoming parliamentary elections, South Korea’s leading political parties have targeted the booming cryptocurrency market, rolling out policies aimed at … Read more
The recent sale of 2/3 of Solana tokens worth $2.6 billion by law firm Sullivan and Cromwell at a significant discount has sparked controversy. FTX’s creditors’ champion, Sunil, raised concerns about the impact on FTX’s creditors, while others questioned the legality of the sale. This article delves into the details of the sale and the … Read more
The Hong Kong office of Sheikh Ali Rashed Ali Saeed Al Maktoum, a member of Dubai’s ruling family, has received a warning from the US Securities and Exchange Commission (SEC) over their involvement in cryptocurrencies. Additionally, Hong Kong’s subway operator, the MTR Corporation, has been listed as an untrustworthy company. Hong Kong-based news channel HK01 … Read more
Hong Kong welcomes over 220 Web3 companies from 20 countries and regions, focusing on sectors such as virtual asset exchange, blockchain infrastructure, network security and payment services, with the aim of balancing development with regulatory frameworks. In a recent speech at the opening ceremony of the “2024 Hong Kong Web3 Carnival,” the Deputy Minister of … Read more
ZachXBT, a blockchain researcher, claims the IRS-CI harassed him for cooperation in solving blockchain crimes, highlighting the tension between privacy and law enforcement. The world of blockchain investigations took an unexpected turn recently when a well-known investigator under the pseudonym ZachXBT reported what he described as borderline harassment by the United States Internal Revenue Service’s … Read more
BlackRock has added ABN AMRO, Citadel Securities, Citigroup, Goldman Sachs and UBS as new authorized participants in its Bitcoin ETF. BlackRock, the world’s largest asset manager, has taken a significant step forward in the cryptocurrency space by bringing in five prominent Wall Street firms to back its Bitcoin exchange-traded fund (ETF) operations. The firms – … Read more
erraform Labs and Do Kwon face convictions for defrauding investors in a landmark case highlighting the need for regulatory compliance in the crypto market. A jury in the US District Court for the Southern District of New York found Terraform Labs and its co-founder Do Kwon liable for defrauding investors. The ruling came after debates … Read more
Bithumb announced new investment warning designations for SANTOS, PORTO and LAZIO tokens due to low liquidity and manipulation risks. As the leading digital asset platform in South Korea, Bithumb continuously prioritizes investor protection through its strict trade support policies and supervision of supported digital assets. In a recent announcement, Bithumb notified users of its decision … Read more