The Montenegrian High Court has decided that Do Kwon, co-founder of Terraform Labs and currently under scrutiny, meets the legal criteria for extradition to both the United States and South Korea based on a fresh review of the case. The Do Kwon Extradition Saga This week, the Montenegro High Court granted permission for Do Kwon’s … Read more
After being affected by macroeconomic issues, the crypto market saw a revival as leading assets and meme coins experienced notable gains. In the previous timeframe, these assets underwent liquidations. Memecoins have been particularly active lately, with several of them surpassing the broader cryptocurrency market’s growth in the last 24 hours. The excitement surrounding memecoins, which … Read more
Circle, the issuer of the prominent stablecoin USDC, announced a significant development in its collaboration with financial giant BlackRock. On April 11, Circle unveiled a novel smart contract functionality. This technology facilitates the transfer of shares from BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) to Circle in exchange for USDC. This initiative marks a pivotal … Read more
CF Benchmarks introduced the Bitcoin Volatility Index, allowing investors to monitor and trade anticipated bitcoin price changes over the next thirty days. CF Benchmarks and Bitcoin Real-Time Tracking The Bitcoin Volatility Index offered by CF Benchmarks can be used in two distinct manners. Firstly, it can function as a database for risk management purposes. Secondly, … Read more
The Financial Sector Conduct Authority (FSCA) in South Africa has started granting licenses for cryptocurrencies, marking significant strides in the regulation of digital assets within the country. This action supports the goal of making it easier for people to use cryptocurrencies in their everyday financial transactions. It aims to enhance consumer safety and prevent financial … Read more
XRP Ledger (XRPL) developers have implemented a significant modification to their Automated Market Maker (AMM) engine, referred to as ‘fixAMMOverflowOffer.’ With the release of version 2.1.1 no longer able to handle substantial synthetic trades effectively, this upgrade is designed to manage abnormal payment channels in AMMs. The successful mainnet launch following a unanimous approval marks … Read more
During the first quarter of 2024, Bitcoin‘s (BTC) value continued to climb upwards, boosting the overall market to record-breaking levels. Lately, optimistic investors have forecast even greater heights for the market following the anticipated approval of a Bitcoin spot ETF by the US Securities and Exchange Commission (SEC). According to a recent study by cryptocurrency … Read more
Chainlink, the decentralized oracle network based on blockchain technology, has introduced a new instrument called Transporter for linking different blockchains. Chainlink Transporter: The New Transfer Standard? Based on Chainlink’s explanation, Transporter is an application that enables transferring digital assets and messages between various blockchains. The newest advancement in inter-blockchain connectivity, as referred to by Chainlink … Read more
Sam Bankman-Fried, previously leading FTX as its CEO, has asked to continue his imprisonment at the Metropolitan Detention Center in Brooklyn. His attorneys submitted this application on April 8 in the Southern District of New York. The petition follows a 25-year sentence handed down for various felony offenses. Bankman-Fried’s legal team believes that remaining in … Read more
In response to increasing investor interest in securing losses while still having the chance for higher returns, Fidelity Investments has introduced three new exchange-traded funds (ETFs): Fidelity Dynamic Buffered Equity Fund (FBUF), Fidelity Protected Equity Fund (FHEQ), and Fidelity Enhanced Yield Equity Fund (FYEE). These actively managed ETFs aim to provide a core equity investment, … Read more