The IOTA Foundation’s Web3 Identification Solution has been selected for the European Blockchain Sandbox program, marking a significant milestone in the evolution of Know-Your-Customer (KYC) processes and privacy in the Web3 space. This decision underscores the importance of addressing regulatory concerns surrounding KYC and privacy, especially as decentralized finance (DeFi) continues to attract regulatory scrutiny.
Decentralized Finance
As the cryptocurrency market continues to see bullish expectations, one particular crypto analyst, known as @Av_Sebastian on X (formerly Twitter), predicts that the Cardano price could potentially rise to $2. This optimism is attributed to the highly anticipated Chang upgrade scheduled for the Cardano network. The crypto analyst has expressed confidence that the ADA price
The cryptocurrency sector faced significant challenges in May, with losses totaling $42.6 million due to various security breaches. The largest chunk of these losses, approximately $20.7 million, was attributed to flash loan attacks. Sonne Finance bore the brunt of these attacks, losing a staggering $20 million, while TLN Protocol suffered losses amounting to $746,000. Additionally,
The blockchain analysis firm Nansen recently unveiled a rather intriguing discovery – DBS Bank, one of Singapore’s leading banking institutions, has been identified as a cryptocurrency whale. A crypto wallet supposedly owned by DBS Bank holds a staggering 173,753 Ether (ETH), with a current market value of approximately $650 million. Notably, the address in question
In the past 24 hours, Floki Inu (FLOKI) experienced a significant 20% rise, propelling its market cap to approximately $2.6 billion and reclaiming the fifth spot in the meme coin sector. This surge in price has caught the attention of many traders and investors alike, leading to a renewed interest in this dog-themed cryptocurrency. Several
The fusion of social media and decentralized finance has given birth to a groundbreaking concept known as SocialFi. This innovative approach redefines user engagement by offering digital currency rewards for every interaction on social media platforms. SocialFi empowers users and creators by providing them with more control over their content and the opportunity to profit
As the clock ticks closer towards the end of the Dogeverse (DOGEVERSE) presale, investors around the world are eagerly anticipating the final opportunity to participate in this unique multi-chain offering. With the presale set to conclude on June 3, 2024, at 10 am UTC, the excitement surrounding the $DOGEVERSE meme token is reaching its peak.
Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
Recently, Gala Game, a Web3 gaming project, fell victim to an exploitation incident where an unknown attacker, posing as a compromised admin address, managed to mint 5 Billion GALA tokens, valued at over $200 million. This breach led to the unauthorized sale of 600 million tokens through Uniswap, amounting to $29 million at the time
Revolutionizing the way Web3 projects raise capital and issue tokens, Polimec has recently debuted on the Polkadot network. This decentralized and community-driven funding protocol aims to provide a transparent and regulatory-compliant environment for connecting investors and startups globally. The launch of Polimec marks a significant step forward in Web3 fundraising engagement, offering an avenue for