Day: May 23, 2024

NEAR Protocol Launches NEAR AI

NEAR Protocol, a leading platform in decentralized cloud computing, has made a significant stride in the AI domain with the launch of NEAR AI, a new research and development lab focused on decentralized artificial intelligence. Led by Illia Polosukhin, co-founder of NEAR Protocol and co-creator of the influential Transformers AI architecture, this initiative aims to […]

Biden Administration Skeptical of FIT21 Crypto Bill

President Joe Biden has expressed opposition to the Financial Innovation and Technology for the 21st Century Act (FIT21), a significant cryptocurrency market structure bill set for a House vote this Wednesday. Although the President has not threatened a veto, his administration’s stance signals a cautious approach towards legislative changes in the crypto sector. The White […]

OpenSea Launches “Get Based” Series on Base

Coinbase’s Ethereum layer-2 scaling network, Base, continues to expand its influence, and OpenSea, a leading NFT marketplace, is set to showcase the network and its burgeoning community of artists with its upcoming “Get Based” series. This initiative will feature a sequence of digital artwork drops, either free or priced below $5, aiming to promote accessibility […]

UK Inquiry Clears FTX-Backed Charity Trustees of Misconduct

A UK government inquiry into the Effective Ventures Foundation (EV), a charity backed by the now-defunct crypto exchange FTX, has concluded that its trustees managed the crisis surrounding FTX’s collapse with commendable speed and diligence. The Charity Commission’s investigation focused on how the trustees handled the charity’s assets and their legal duties in the aftermath […]

London Stock Exchange to List Crypto ETPs Amid Regulatory Shift

In a significant move for the cryptocurrency market in the United Kingdom, the London Stock Exchange (LSE) is set to list crypto exchange-traded products (ETPs) for the first time. This development follows the Financial Conduct Authority’s (FCA) adjusted regulatory stance, which now allows the listing of such products specifically for professional investors. WisdomTree, a New […]

Uniswap Responds to SEC: Defending DeFi’s Autonomy

In a significant development for the decentralized finance (DeFi) sector, Uniswap Labs has officially responded to a Wells notice from the Securities and Exchange Commission (SEC), which indicated potential enforcement actions. Uniswap’s 43-page submission articulates why the regulatory body should refrain from legal actions against the platform. Uniswap clarified that it operates not as a […]

Alleged Meetings: The Montenegrin Connection in Terra/Luna Saga

In a developing story that ties together politics, luxury real estate, and cryptocurrency, Montenegrin media have reported intriguing details involving Do Kwon, the co-founder of the collapsed Terra/Luna algorithmic stablecoin, and his associate Han Chang-joon. Before their arrests in Montenegro, the duo reportedly purchased luxury apartments in Belgrade, Serbia, and allegedly engaged in secretive dealings […]

Europe Launches “Europeum” Blockchain Initiative

On Tuesday, the European Union announced the establishment of a new organization, Europeum, aimed at integrating blockchain infrastructure to enhance data transfer and record-keeping among its 27 member states. This development emerged during a session with telecommunications ministers at the European Council in Brussels, coinciding with the approval of the EU’s landmark law on artificial […]