Voting for and against the proposal was evenly matched but recently tipped in favor of the ‘yay,' despite continued criticism of the plan on social media. Voting ends April 10.

SushiSwap team treasury takeover looks likely, despite heated debate

A controversial proposal to change SushiSwap’s treasury structure by the team behind the decentralized exchange looks like it may go through, despite vocal opposition to the proposal on so...

5 months ago

Costa Rica Mulls on Legal Use of Bitcoin for Daily Transactions

Costa Rica has been one of few jurisdictions worldwide where cryptocurrency is commonly accepted asset. However, there are still legal obstacles concerning the ownership and trading of Bitc...

5 months ago

NIST allocated nearly $3.6 million in cooperative agreements to enhance the cybersecurity workforce aiming to combat the growing threat of cyberattacks.

US gov’t commits $3.6M to address cybersecurity skill shortage

The United States National Institute of Standards and Technology (NIST) said it awarded cooperative agreements of almost $3.6 million, aiming to build a workforce to help guard businesses agains...

5 months ago

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform has generated yields by shorting ether (ETH) futures and pocketing funding rates since its January rollout. Ethena's USDe is supposed to ma...

5 months ago

ETHEREUM LAYER 2s COULD HIT $1 TRILLION VALUATION BY 2030, VAN ECK PREDICTS

Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

Investment firm VanEck predicts Ethereum layer 2 networks to be valued at over $1 trillion by 2030 but remains “generally bearish” on the long-term prospects of several such ...

5 months ago

The financial loss comes days after reports of Bithumb facing potential internal issues that led to the delay of its planned IPO.

Bithumb posts 57% annual loss soon after delayed IPO

Bithumb Korea, the operator of the South Korean cryptocurrency exchange Bithumb, posted a 57% loss in annual revenue for the fiscal year of 2023. The Seoul-based exchange’s annua...

5 months ago

SlowMist urges transparent DAO operations amid recent fund transfers, sparking inquiries about fund destinations.

AssangeDAO’s crypto activities suspicious, analysts urge caution

Analysts at SlowMist have raised concerns about a possible “soft rug pull” on March 10 when a 100 Ether transaction from AssangeDAO’s address went to a recipient seemingly...

5 months ago

SINGAPORE EXPANDS CRYPTO REGULATIONS

Singapore expands crypto rules, now covers custody and payments

Singapore has broadened the scope of its digital asset regulations to encompass the custody of tokens and a wider range of firms involved in fund transfers, as part of the city-state’s ong...

5 months ago

Blockchain and crypto have a place in a partnered remittance ecosystem in Latin America, the financial services giant found.

Mastercard sees partnerships as key to blockchain remittances in Latam

Mastercard has released a white paper on remittances in Latin America. Remittance rates are growing faster than the global average in the region, and mobile phone and internet penetration will f...

5 months ago

Scammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different transactions.

South Korean police catch $4.1M crypto scam duo

South Korean police have caught a pair of fraudsters who stole 5.5 billion won ($4.1 million) from a senior citizen with the promise of profitable crypto investments. The Haeundae Poli...

5 months ago