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
Ripple Labs Inc., the company behind the crypto payment platform Ripple, has once again alerted its users to exercise caution. Specifically, they should be wary of suspicious email links and deepfaked content. Basis for The Ripple Labs Warning To provide some background, Ripple recently released a video on platform X, illustrating how fraudsters have deceitfully … Read more
Coinbase, a well-known cryptocurrency exchange, has been recognized by the Financial Crimes Enforcement Network (FinCEN) for its role in helping with criminal probes. Paul Grewal, Coinbase’s Legal Officer, announced this on April 11 via a post on their platform (previously Twitter), sharing an authentic FinCEN letter. FinCEN Stresses Compliance Coinbase played a role in helping … Read more
Sam Bankman-Fried, ex-CEO of the collapsed FTX cryptocurrency exchange, has submitted an appeal to the 2nd US Circuit Court of Appeals in Manhattan against his conviction and 25-year prison term for involvement in an $8 billion scam. This filing initiates a potential prolonged legal conflict. The Appeal Process Begins Previously wealthy and well-known in the … Read more
Coinbase International, the global division of a renowned cryptocurrency trading platform, introduces Pepe (PEPE) perpetual futures starting April 18th. This significant advancement marks an essential milestone in their continuous growth. With these funds, traders can now handle ongoing price fluctuations without worrying about expiration dates. Pepe perpetual futures enable speculative trading based on anticipated price … Read more