Uniswap Labs, the leading developer of the Ethereum decentralized trading platform, argued that the U.S. Securities and Exchange Commission’s (SEC) potential enforcement action lacks merit. According to the New York-based startup, cryptocurrency tokens should not be classified as securities. Instead, it is a PDF-like file. Why Cryptocurrency Tokens Are Not Securities Uniswap Labs on Tuesday disputed claims that it was operating an unregistered exchange and broker-dealer. The response follows a notice sent to Wells by the SEC’s Enforcement Division last month, indicating plans to recommend legal action against the company. Marvin Ammori, Chief Legal Officer of Uniswap Labs, highlighted the…
Author: Crypto Flexs
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Naver Pay and Chiliz enter into strategic partnership Naver Pay, a Korean digital payment service, announced a strategic partnership with Chiliz, a leading sports and entertainment blockchain company. According to Medium’s official announcement, this collaboration aims to expand Naver Pay’s global services through Web3 innovation. With 33 million registered users and 18 million daily active users, Naver Pay covers a significant portion of the Korean population. Fintech platforms provide businesses with powerful solutions to streamline payments and increase customer engagement through rewards. The collaboration with Chiliz will leverage the Chiliz Chain’s fan token ecosystem to…
Bitcoin (BTC) struggled to support $69,000 on May 22 after analysts pulled back from local highs.BTC/USD 4-hour chart. Source: TradingViewBollinger warns of falling BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC price action weakening, providing two tests of 2021’s all-time highs.Still above $69,000 at the time of this writing, this level has formed a critical line for some.“Support at $69,000 needs to be maintained to have any chance of validating the R/S flip from the previous ATH,” trading resource Material Indicators wrote in part of its latest report on X.Important indicators point to a possible resistance/support reversal at…
OKX Ventures invests in Monad Labs to accelerate Web3 and distributed computing innovation.OKX Ventures, the investment arm of OKX, a leading cryptocurrency exchange and Web3 technology company, announced a strategic investment in Monad Labs. According to a blog post on OKX Ventures’ Medium page, the latter is developing a developer-driven smart contract platform that will revolutionize the decentralized digital environment.Supporting innovation at the forefront of blockchainThis investment highlights OKX Ventures’ commitment to supporting innovative blockchain and decentralized ecosystem projects. Monad Labs, a leader in innovation, provides a groundbreaking platform that scales Ethereum 1000x through parallel…
SOL is often cited as a contender to eventually replace ETH. Market activity this week shows just how enormous this challenge is.
Stuart Alderoty, Ripple’s chief legal officer, described U.S. Securities and Exchange Commission Chairman Gary Gensler as a “struggling liability.” This comes as the hype surrounding the potential approval of spot ether exchange trading funds grows.In response to discussions about the SEC becoming a hot topic of pre-election discourse, Alderoty wrote in X that “Gensler overplayed his hand.”“He thought cryptocurrencies were an easy target,” Alderoty said. “He liked being the guy everyone hated. He thought he was above congressional oversight. All that was lost. He’s now struggling with political responsibility.” .” he added.This opinion, long echoed by many others in the…
A trader known for several accurate cryptocurrency market currencies says Bitcoin (BTC) could be preparing for a massive breakout. Pseudonymous analyst Dave the Wave told his 146,500 followers on social media platform “BTC Megaphone.” Source: Dave the Wave/X Looking at the daily chart, traders suggest that Bitcoin is in a bullish megaphone pattern with two highs and two lows and could surge to around $109,500. The analyst also says that the 0.382 Fibonacci retracement level, the lowest price of Bitcoin’s trading range, is forming a trend line that holds support from late 2023. “This chart belongs here in a thread…
The world of Decentralized Finance (DeFi) is booming, offering innovative financial instruments and boundless opportunities. At the forefront of this revolution lies the Binance Smart Chain (BSC), a high-performance blockchain boasting fast transaction speeds and low fees. To interact with the exciting DeFi landscape on BSC, MetaMask, the popular non-custodial wallet, serves as a vital gateway. This comprehensive guide will equip you with the knowledge to seamlessly connect your MetaMask wallet to BNB Smart Chain, unlocking a universe of DeFi possibilities. MetaMask – Your DeFi Companion: MetaMask serves as a vital bridge connecting users to the expansive realm of blockchain…
Binance Launches New Offers to Increase ProfitsAccording to a recent announcement from Binance, the leading cryptocurrency exchange has introduced a new limited-time offer to its Binance Savings platform. The offer is launched every Wednesday, giving users the opportunity to earn rewards on various platforms such as Simple Earn, BNB Vault, ETH Stake, Dual Investment, and more.These offers are available on a first-come, first-serve basis, so users can view their assets by going to Wallet > Earn on the platform.Additional benefits for usersUsers holding active BNB vaults and/or BNB locked product positions will automatically receive rewards…
May 21st Bitfinex lists PORTAL, the portal’s native token Posted at: 08:09h From media materials Maria Lobusova Road Town, British Virgin Islands – May 21, 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced the listing of PORTAL, the native token of Portal, a multi-chain web3 gaming platform. Web3 games are growing tremendously, and the market size is expected to reach approximately $614 billion by 2030. This is a nearly 300% increase over the 2023 valuation of $154 billion. Portal is collaborating with LayerZero, a protocol that enables blockchain interoperability, to facilitate multi-chain experiences by connecting a…