Telegram’s CEO vowed to improve the app after being arrested in France in August.Cryptocurrency TON has bounced back from rejections after the app chief’s statement. Pavel Durov aims to “significantly improve” the app, as officials say he hasn’t done enough to curb illegal activity. Toncoin, a cryptocurrency closely associated with messaging app Telegram, rallied after … Read more
The financial markets watchdog rejected 87% of crypto applications due to money laundering concerns. The FCA has faced criticism for its slow approval rate. The Financial Conduct Authority said the number of applications for crypto firms scrapped due to money laundering concerns has increased by 87% compared to last year. Report Released on Thursday. is … Read more
Cosmos Foundation’s management comes under fire in governance vote. ICF pledges more transparency after shakeup It’s not the only blockchain nonprofit to face accusations of financial impropriety. Cosmos is a Swiss non-profit organization that supports blockchain a vote Disbelief over suspicion that its leadership had mishandled funds intended to promote the development of Cosmos. Like … Read more
Crypto bank Custodia is battling the Kansas City Fed in court. In short, success sets a dangerous precedent for Fed banks to custodian. A crypto bank custody battle with the Kansas City Federal Reserve over access to critical banking services puts the entire US banking system at risk. That according to a Briefly 11 other … Read more
Big tech stocks led a heavy sell-off on Tuesday. AI leader Nvidia lost more than $250 billion in its market cap. However, this setback will not stop the growth of AI-crypto projects, experts say. Crypto-linked artificial intelligence projects ride out market volatility to soar beyond their $25 billion market. They said, according to Alice Liu, … Read more
Uniswap Labs settled the allegations with the CFTC. The US regulator accused Uniswap of illegally offering leveraged trading. Protocol required a fine of $175,000. Uniswap Labs, the parent company behind Ethereum’s largest decentralized exchange, has settled allegations that it illegally allowed the trading of leveraged Bitcoin and Ether. The company will pay a $175,000 penalty, … Read more
Fed targets United Texas Bank for serving crypto customers The bank alleged “significant lapses” in its adherence to anti-money laundering laws. The management of the company consented to the cease and desist order. United Texas Bank, one of a handful of domestic lenders still banking on crypto firms in the United States, has drawn the … Read more
The Federal Reserve announced rate cuts were coming last month. This has caused Treasury bill yields to fall. The reverse repo program now has a higher yield than bonds and this is again inhaling liquidity. The Federal Reserve will raise interest rates soon. In the meantime, crypto probably won’t do well. This is according to … Read more
Liquidity’s new stablecoin Curve is inspired by Tokenomics. Users who own the protocol’s governance token can direct its revenue to liquidity providers. This is another attempt to balance immutability and flexibility in a new stablecoin called BOLD. Once a top 10 stablecoin, Liquidity’s LUSD has won fans among “decentralization maximalists” and deep-pocketed borrowers for its … Read more
The co-founder of Ethereum spoke to News as Polkadot, his answer to Ethereum falling 50%, Polkadot is taking a hit from users after spending big on marketing. Wood talks about the emergence of his DJ alter ego. When Polkadot’s Blockchain Academy students wrapped up their five-week developer boot camp in Hong Kong earlier this year, … Read more
Hacked accounts for Tiffany and Laura Trump promoted what appeared to be fake tokens. The development comes as questions swirl around Donald Trump’s crypto venture. Polls show crypto users overwhelmingly favor Trump in 2024 election. The ongoing Trump crypto saga has taken another twist – a social media hack. On Wednesday, the X accounts of … Read more
DeFi traders are making millions on VISTA. It is a token for the newly launched Ethereum decentralized exchange. This activity has increased Ethereum transaction fees. As the crypto market plummets, savvy DeFi traders are busy making millions on a buzzy new Ethereum exchange called Ethervista. In just five days, the top 10 traders of the … Read more