The SEC of the United States, which is responsible for enforcing securities laws, notified Uniswap, a decentralized exchange (DEX), on April 10th that they may be filing lawsuits against the company. Uniswap, however, disagrees and asserts that their software does not fall under securities regulation and belongs to a different category. Marvin Ammori, Uniswap’s chief … Read more
StepN, the well-liked move-to-earn lifestyle application based on the Solana blockchain, has announced a significant giveaway event. Valued at around $30 million in FSL points, this campaign is intended for the app’s dedicated user base. These points are equivalent to GMT tokens when redeemed at a 1:1 ratio, serving as tokens of appreciation and thanks … Read more
In a recent development, Stream Trading, an innovative new entity on the Ethereum blockchain, raises $1.5 million in seed funding. This successful round was spearheaded by Polychain, with contributions also coming from a team of angel investors. The company’s market worth has soared to an impressive $20 million following this financial enhancement. At the core … Read more
The Securities and Exchange Commission (SEC) in the United States has issued a warning of potential regulatory action against decentralized finance (DeFi) exchange Uniswap. On April 10, Uniswap revealed they had received a Wells notice from the SEC’s Enforcement Division. This notice is part of a wider regulatory action by the securities agency, with chair … Read more
On May 28, a New York court is expected to find Ryan Salame, the former head of FTX, guilty and pass sentence upon him, following his admission of criminal wrongdoing. Salame admitted to violating election laws and operating an unlicensed money transfer business. As reported by the prosecution, over 300 contributions totaling millions of dollars … Read more