In a monumental announcement made on Wednesday, Verastus Labs, a pioneering peer-to-peer web service protocol, revealed that it had successfully raised $2.3 million in a seed funding round. This impressive achievement brings the company’s valuation to an astounding $50 million. The funding seeks to propel the development of Verastus LASR, an innovative stateless rollup that
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The UK Financial Conduct Authority (FCA) has recently added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without proper authorization. This move by the financial regulator highlights the need for caution when dealing with Poloniex and raises concerns among UK residents. This article will delve into
The year 2024 holds great significance for the Polygon ecosystem as it sets the stage for the realization of Polygon 2.0, a cross-chain coordination protocol that aims to unite and scale the various Ethereum layer-2 scaling networks. In an exclusive interview with Cointelegraph, Jordi Baylina, co-founder of Polygon, shed light on the plans for Polygon
The world of cryptocurrency is often shrouded in mystery and secrecy, and Binance, one of the largest cryptocurrency exchanges in the world, is no exception. In a recent interview with the Financial Times, Binance’s newly appointed CEO, Richard Teng, once again refused to reveal the location of the company’s global headquarters. This refusal to disclose
Cryptocurrencies have been a subject of intense debate and scrutiny in recent years, with regulators worldwide grappling to establish a comprehensive framework for this emerging asset class. In New Jersey, Assemblyman Herb Conaway Jr. recently introduced a bill that seeks to categorize cryptocurrencies sold to institutional investors as securities. This article delves into the potential
The cryptocurrency market is a dynamic and ever-changing space, influenced by various factors and players. One key group that significantly impacts the market is whales, individuals or entities holding substantial amounts of cryptocurrencies. In this article, we will delve into the insights provided by Ki Young Ju, the co-founder and CEO of CryptoQuant, regarding the
Bitcoin (BTC), the world’s leading cryptocurrency, has experienced a significant surge in price, reaching a new yearly high of $42,100 on Monday. This notable price increase has sparked concerns among market participants about the potential for a correction and subsequent liquidation sweep, which could drive the price down to as low as $25,000. In this
Asset managers around the world have been eagerly awaiting the approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States. Hashdex, one of the 13 asset managers with pending applications, is optimistic about the future. According to their U.S. and Europe head of product, Dramane Meite, the first spot Bitcoin ETF could land as
Bitwise and BlackRock, two prominent asset managers, have recently submitted updated filings to the U.S. Securities and Exchange Commission (SEC) for their respective spot Bitcoin exchange-traded funds (ETFs). These filings come as a result of discussions between the SEC and ETF applicants, and they may address concerns raised during these talks. Increased Interest in Bitcoin
Terraform Labs, currently facing a securities lawsuit from the U.S. Securities and Exchange Commission (SEC), has recently filed a request for a summary judgment to conclude the case. The defense argues that the SEC misinterpreted facts in a separate case involving DEBT Box, pointing out the regulatory body’s misrepresentations. The presiding judge acknowledged the defense’s
