Decentralized Exchange and Regulatory Challenges

Decentralized exchanges (DEX) are a type of cryptocurrency exchange that operates in a decentralized manner, unlike centralized exchanges (CEX), which rely on a central authority to manage trades. DEXs have become increasingly popular in recent years due to their security, transparency, and lack of reliance on a central authority. However, the rise of DEXs has also raised several regulatory challenges, …

Continue Reading

Bitcoin Prices Increased upto 6%

Bitcoin enthusiasts and investors had reasons to cheer as the world’s largest cryptocurrency gained 6% in value on Thursday. The rise in the price of BTC came at the time when US equity market strengthened following the ongoing banking crisis across America and Europe. With this reach, bitcoin expands its weekly gains by close to 30%. US Equities behind the …

Continue Reading

Terraport Finance DeFi Exchange Hacked, Losing $2M Worth of Digital Assets

The decentralized finance (DeFi) exchange project Terraport Finance announced a security breach on its liquidity wallet on April 10. The hacker reportedly drained all liquidity pools from the platform, causing losses of approximately $2 million worth of digital assets.  Terraport is currently working with community members and major exchanges to secure as many of the funds as possible and blacklist …

Continue Reading

Hong Kong’s Crypto Regulations Spark Interest Among New Companies

In recent years, Hong Kong has come up as one of the leading destinations for cryptocurrency and blockchain-related businesses due to its open regulatory framework. The government’s progressive approach towards the regulation of digital assets has gained a lot of attention among new firms to build up their presence in the city, making it a hub for innovation in the …

Continue Reading

Indian Crypto Investors Remain Committed to New Alt Token Initiatives Despite Pressure from the PMLA

In spite of the government’s recent inclusion of PMLA (Prevention of Money Laundering Act) in cryptocurrency, Indian cryptocurrency investors have demonstrated unwavering optimism in fresh alt-token initiatives. They may have a solid understanding of and experience with digital currencies, or perhaps their unwavering attitude stems from their belief that this new asset class can provide profitable returns. PMLA has been …

Continue Reading

Biden Administration Made a Shocking Statement on Crypto Assets

President Joe Biden’s economic report on Monday was a turning point for the cryptocurrency sector since it contained some of the White House’s most frank statements on virtual currencies to date. The government described these asset classes as mostly speculative investments lacking basic anchors and unable to fully perform all the functions of fiat money in its section under “The …

Continue Reading

Lindsay Lohan and More have been Accused of Endorsing Digital Tokens Without Disclosing their Financial Relationships

The cryptocurrency industry is no new to controversy, and the most recent incident involves a number of well-known figures. A number of celebrities, including Lindsay Lohan, Akon, Ne-Yo, Lil Yachty, and others, have been charged for promoting digital tokens while concealing their participation in a shady scheme. It was claimed that famous people manipulated the trading volume of BitTorrent (BTT) …

Continue Reading

Non-Fungible Conference Returns to Lisbon with Double Attendance

Web3 fans, digital artists, and business leaders were eagerly waiting for the return of the Non-Fungible Conference. With 200 important figures from the Web3 industry, traditional and digital artists, and 5,000 visitors, the conference is expected to double its attendance after a sold-out debut last year that was attended by more than 2500 artists, collectors, and entrepreneurs. The Non-Fungible Conference, …

Continue Reading