Deutsche Bank has recently demonstrated a surge in interest in digital assets and tokenization through its involvement in the Monetary Authority of Singapore’s Project Guardian. This initiative is specifically focused on testing asset tokenization applications within a regulated environment to assess their viability and potential integration within financial markets. The collaboration under Project Guardian includes
Decentralized Finance
Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
In a recent article by Nikita Ovchinnik, the Co-founder at Barter DeFi, the future of decentralized finance (DeFi) has been called into question due to regulatory action taken by the SEC against Uniswap. This action has raised concerns about the regulation of DeFi platforms and the potential impact on the industry as a whole. The
The SPACEX token, launched by a dedicated Elon Musk enthusiast and developer, has recently gained significant attention in the crypto space. With remarkable gains and a market price of $138, representing a 24-hour change of +78,940%, SPACEX has quickly become a hot topic in the market. The token’s surge in price is attributed to its
Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups
Ethena, a synthetic dollar protocol built on the Ethereum blockchain, has gained a lot of attention for issuing the stablecoin USDe. The goal of this asset is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. With its market capitalization soaring to over $2 billion shortly after
The U.S. Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, a major player in the world of decentralized finance (DeFi). The regulatory body recently issued a Wells Notice against Uniswap Labs, the company responsible for operating the largest decentralized exchange (DEX) globally. This move has sparked concerns within the crypto community
The recent issuance of a Wells notice by the US SEC to Uniswap Labs, the entity responsible for the popular Ethereum-based decentralized exchange, Uniswap, has stirred up a storm in the crypto community. Hayden Adams, the founder of Uniswap, took to social media to express his reaction to the SEC’s warning. Despite his stoic stance,
Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the first quarter of 2024. According to the latest report by Flipside, these two blockchain platforms have attracted a significant number of new users compared to other EVM chains since the beginning of the year. With Polygon
The Ethena token (ENA) has seen a staggering 13% surge in just 24 hours, with an overall increase of 53% since its listing on Binance. ENA serves as a governance token for Ethena’s decentralized finance (DeFi) protocol, offering a yield-earning dollar-pegged stablecoin known as USDe with an impressive 35% APY. Unlike traditional stablecoin rivals like