There are reports that the Chinese authorities are looking into the liquid staking protocol, STFIL, due to suspicious transactions and proposed updates. On April 9, the STFIL team announced in a post on Reddit that the core team members of their protocol are currently under investigation by Chinese authorities. The exact reasons for the probe … Read more
The native token of the Neo blockchain platform, named NEO, experienced a significant increase of approximately 40% in value overnight, reaching its peak price this year and earning a place amongst the best-performing cryptocurrencies today. Currently, NEO is priced at around $21 during my writing, and its trading volume over the past 24 hours has … Read more
The SEC has put off making a decision about enabling the NYSE to trade Bitcoin ETFs through spot market options. An upcoming decision from the SEC regarding the proposed rule modification on the New York Stock Exchange is expected by May 29th. SEC Delays Decision A delay by the Securities and Exchange Commission (SEC) could … Read more
The U.S. Treasury is advocating for expanded powers to prevent crypto misappropriation by Iran, Russia, and North Korea. Based on Bloomberg’s report, Deputy Secretary Adewemo highlighted in his prepared statement for the Senate hearing that the administration is dealing with threats from malicious entities who are becoming more cunning at concealing their identities and transferring … Read more
In simple terms, there’s a heated debate going on among SushiSwap’s community members about how the platform should be governed. The SushiSwap team has put forth an idea to revamp the treasury and token distribution system. Their proposed solution is called the “Labs model,” which they believe will streamline operations and speed up development by … Read more