The European Union’s digital asset regulation, MiCA, concluded in 2023 but won’t fully take effect until the end of the year. Contrary to expectations, the ESMA report released on Wednesday revealed that MiCA hasn’t led to a significant increase in euro-denominated crypto transactions. The key insights from this study are that around six in ten … Read more
The leader of Switzerland’s SNB, in charge of managing their currency system, suggested creating a cryptocurrency for public usage. In his Zurich speech, Mr. Thomas Jordan noted that banks hold some innate advantages over digital currencies and blockchain-based projects when it comes to saving time during transactions. This advantage can be particularly beneficial for businesses … Read more
Notably, the SEC, the United States securities regulatory body, has issued Uniswap, a prominent Decentralized Finance (DeFi) platform, a formal warning. SEC’s Enforcement Notice Uniswap received a warning from the SEC that they might face regulatory action due to potential operations as an unregistered securities exchange and broker. This warning, called a “Wells notice,” signifies … Read more
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