Asset tokenization, including tokenization of securities, has been recognized as a promising innovation with various potential benefits. SEC Commissioner Mark Uyeda highlighted the advantages of representing asset rights with digital tokens on a blockchain. He emphasized that this approach can offer enhanced security, transparency, and immutability. In addition, Uyeda pointed out that tokenization eliminates the
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Recently, the New York Attorney General’s office made an announcement regarding the settlement with Gemini, a popular cryptocurrency exchange. The agreement resulted in the recovery of $50 million for users who were affected by the defunct Gemini Earn program. This program misled thousands of investors about the risks involved, ultimately impacting over 230,000 users, including
Despite Ethereum facing significant selling pressure and a 15% drop from March 2024, on-chain data indicates a positive outlook for the cryptocurrency. Analyzing the recent activity on the X platform, it is shown that there has been a noticeable surge in demand for ETH, particularly from long-term institutional holders. These permanent holders, who are typically
Ethereum has recently experienced a significant increase in withdrawals from centralized exchanges, indicating that crypto whales may be anticipating a potential recovery in price. The amount of ETH held on these exchanges has dropped to its lowest level since 2016, raising speculation among investors. According to data from crypto analyst Ash Crypto, there has been
Cryptocurrency analyst TechDev recently provided insights into the potential future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle. He suggested that there are more price surges on the horizon for the flagship cryptocurrency. TechDev’s analysis points towards a parabolic move to the upside for
As around 20,000 Bitcoin options are set to expire today with a notional value of $1.35 billion, the market impact is expected to be minimal compared to previous weeks. However, a larger Bitcoin options expiry event is looming on June 28, with $6.7 billion in notional value derivatives expiring. Today’s BTC contracts have a put/call
The cryptocurrency market has been experiencing a period of sideways movement, with significant declines seen earlier in the week. Bitcoin, in particular, has been struggling to break past the $67K mark, with the price hovering around that level at a 1% loss over the past 24 hours. Despite attempts to surpass $68K, the sellers have
Charles Hoskinson recently shed light on the ongoing rumors surrounding a potential partnership between Cardano and Elon Musk. Despite numerous attempts to reach out to Musk’s companies, such as X (formally Twitter), Hoskinson expressed disappointment over the lack of response. Offering free work to combat prevalent issues like fake accounts and bots, his team’s efforts
Blockchain services provider STORM Partners recently made a significant announcement during the Web3Fest event in Switzerland’s renowned “Crypto Valley.” The company, along with major projects like Cardano (ADA) and MultiversX, introduced “Lightningbox,” a new Web3 Sandbox. This initiative marked a pivotal moment as STORM Partners also decided to relocate its headquarters from Montreux to Geneva.
The IOTA Foundation, in collaboration with walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for the European Blockchain Sandbox program for their innovative Web3 Identification Solution. This groundbreaking development marks a significant step forward in revolutionizing Know-Your-Customer (KYC) procedures and privacy within the Web3 realm. The European Blockchain Sandbox Initiative In 2023, the European
Bubblemaps, a blockchain analytics platform, has recently brought to light some concerning allegations regarding insider trading in meme coin projects associated with individuals like Andrew Tate and Iggy Azalea. The claims, outlined in a detailed thread on June 12, suggest that insiders had acquired a significant portion of the token supplies of projects like DADDY
The European Banking Authority (EBA) recently released comprehensive guidelines aimed at addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs). These guidelines form part of the broader Markets in Crypto-Assets (MiCA) regulation, which governs the issuance and operation of digital tokens in the European Union. ARTs are tokens backed by tangible
The landscape of non-fungible tokens (NFTs) is seeing a shift in South Korea, with major retail companies like Lotte, Hyundai, and Shinsegae announcing their departure from the NFT market. This decision comes as a response to the slowdown in the industry and a strategic redirection of resources towards core business operations. Major Retail Companies Exit
Coinbase recently expressed its concerns regarding the SEC’s $2.6 billion budget request for the upcoming fiscal year. According to a statement provided to CryptoSlate on June 13, a representative from Coinbase highlighted that the SEC consistently asks for more money to fuel its enforcement activities, while neglecting to allocate funds towards creating clear and workable