Defi exchange Uniswap has been warned of impending enforcement action by the US SEC. On April 10, Uniswap published the Wells Notice issued by the SEC’s Division of Enforcement. The notice is part of a broader crackdown on cryptocurrencies by the securities watchdog, with Chairman Gary Gensler arguing that most digital assets issued on blockchains are subject to existing financial laws. Gensler often refers to cryptocurrencies as the “Wild West” and has been trying to dominate the industry through enforcement actions. Uniswap founder’s reaction Uniswap founder and CEO Hayden Adams wrote to X that he was annoyed and disappointed but…
Author: Crypto Flexs
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Funding • April 10, 2024 3:48 PM EDT Posted 1 minute ago In ~ It’s been three months since the spot Bitcoin ETF began trading, and BlackRock’s fund appears to be on pace to surpass Grayscale as the largest cryptocurrency-based investment vehicle currently offered.As of Tuesday, BlackRock’s IBIT fund had $18.2 billion in assets under management, compared with Grayscale’s $23.2 billion, according to Trackinsight data compiled by The Block Data Dashboard. As Grayscale’s GBTC fund, which charges higher fees than BlackRock, has been steadily withdrawing capital since the start of trading, BlackRock’s ETF is also gradually narrowing the gap in…
XRP’s market capitalization is now over $33 billion. Since doing so, the cryptocurrency has continued to maintain its price in the $0.6 area. XRP recently recorded changes in market capitalization rankings, rising further within the top 10. This made it overtake USDC, the popular market stablecoin. However, despite the latest price-performance ratio, approximately 20% of altcoin supply is still unprofitable. XRP replaces USDC XRP ended the trading session on April 9 with more northward price action. Examination of the daily time frame charts shows a modest rise of less than 1%, with a trading price of around $0.61. It also…
April 8 What is a wormhole (W)? Posted at: 10:07h education Maria Lobusova Wormhole is one of the leading interoperability protocols designed to facilitate the seamless transfer of value and information across various blockchain networks. By connecting 17 high-value chains through a single point of integration, Wormhole improves the liquidity and accessibility of assets and data within the decentralized finance (DeFi) ecosystem. Solana’s architecture allows existing projects, platforms, and communities to efficiently move tokenized assets across blockchains, taking advantage of Solana’s speed and low transaction costs rather than the blockchain or token bridge itself. Wormhole’s utility goes beyond simple asset…
US Treasury Undersecretary Adewale Adeyemo proposes reforms to strengthen enforcement against cryptocurrencies, including secondary sanctions, extraterritorial jurisdiction, and new secondary sanctions tools. U.S. Treasury Undersecretary Adewale Adeyemo detailed three potential changes at a recent hearing aimed at strengthening enforcement against foreign criminals using cryptocurrencies. The aim of these measures is to strengthen authorities’ capacity to combat financial crime in the cryptocurrency sector and address the growing use of digital assets for illicit financing. The first option presented by Adeyemo is to implement secondary sanctions that explicitly target foreign providers of digital assets involved in illicit financing. By enacting secondary penalties,…
The attack was discovered and exploited. Dao, the attacker is currently in the process of leaking the Ethereum contained in the DAO to the subordinate DAO. The attack is Recursive call vulnerability, Here, the attacker calls a “split” function and then repeatedly calls the split function inside the split to collect ether multiple times in a single transaction. The leaked ether is in the child DAO. https://etherchain.org/account/0x304a554a310c7e546dfe434669c62820b7d83490; Even if no action is taken, the attacker will not be able to withdraw Ethereum for up to the next 27 days (the period of child DAO creation).. This is an issue that…
VanEck CEO Jan van Eck and CoinShares CEO Jean-Marie Mognetti are pessimistic about the U.S. Securities and Exchange Commission’s approval of a spot Ethereum ETF due to the regulatory environment and lack of feedback. In a recent interview, VanEck CEO Jan van Eck expressed skepticism about the U.S. Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. Along with Cathie Wood’s ARK Invest, VanEck was one of the first companies in the United States to submit an application for a spot Ethereum exchange-traded fund (ETF). Van Eck, on the other hand, thinks their application will…
In today’s cryptocurrency landscape, we are seeing incredible progress on many fronts. Filecoin is marking territory with impressive price surges, and ApeCoin is venturing into the augmented reality (AR) space to improve the usability of its platform. BlockDAG It is emerging as a leader in eco-friendly blockchain technology, targeting 30,000x returns. These developments highlight the different approaches platforms are taking to increase their value and appeal while focusing on sustainability and deepening user engagement. BlockDAG is setting a new standard for energy-efficient blockchain solutions with its commitment to environmental sustainability. Filecoin’s Market Performance and Growth Recently, Filecoin has been attracting…
join us telegram A channel to stay up to date on breaking news coverage Cat in a Dogs global prices plunged 14% to $0.00369 as of 1:10 a.m. ET. As selling continued, trading volume increased by 6%. This is happening because the broader market is bleeding and neither dog-themed nor cat-themed tokens are spared. Cat-themed token, source: CoinGecko Despite the dump, MEW remains one of the most popular pairs on the Solana DEX exchange over the past 24 hours, along with Dogwifhat (WIF) and others. 🔥 Witness the most popular pairs #Solana There has been a DEX exchange in the…
Alpen Labs, a startup scaling Bitcoin with zero-knowledge technology and rollups, came out of secrecy on Wednesday and announced $10.6 million in pre-funding.According to an official company announcement shared with The Block, venture firm Ribbit Capital led Alpen’s seed funding round in 2023, which allowed the company to grow its team of crypto experts and engineers. Other backers of Alpen Labs include Castle Island Ventures, Geometry Research, Stillmark, Village Global, Robot Ventures, Axiom Capital, WillowTree Investments, John Pfeffer, Charlie Songhurst, Charles Cascarilla, Ben Davenport, Ashwin Ramachandran, and Waitkit Lau.Alpen Labs aims to help solve specific problems related to the Bitcoin…