Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter. It comes after the agency raised concerns a few weeks ago that Uniswap’s operations might violate US securities laws. The decentralized crypto exchange is now explaining in detail why…
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As the popularity of cryptocurrencies continues to grow, investors are on the lookout for the most accommodating environments to maximize their returns. A handful of countries stand out as sanctuaries for crypto enthusiasts, thanks to their regulatory clarity, tax-friendly policies, robust technological infrastructure, and supportive government initiatives. Top Crypto-Friendly Countries Governments around the world are…
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Taiwanese national and dark web drug dealer Rui-Siang Lin, ‘Pharaoh’, who allegedly made more than $100 million in cryptocurrency sales of illegal narcotics, has been arrested by U.S. authorities. Lin used the identity “Pharoah” to operate the online “Incognito Market” for nearly four years and was arrested at New York’s John F. Kennedy Airport on…
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Digital asset investment products experienced substantial inflows totaling $932 million for the second week. The inflows were an immediate reaction to the lower-than-expected Consumer Price Index (CPI) report released on Wednesday, CoinShares said in a Monday report. The report detailed that the latter three trading days of the week accounted for 89% of the total…
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TON cryptocurrency NOTcoin, the brainchild of co-creator Sasha Plotvinov, launched on major centralized exchanges on 16 May last week to much fanfare – where is the coin price headed next? The price spiked briefly, which saw the token gatecrash into the top 100 crypto with a market capitalization above $1 billion. However, two hours after…
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LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation. Initially, the team had identified over two million addresses as potential sybils, but they later refined their criteria to minimize false identifications. In a recent post on X, the team announced the end of the sybil self-reporting phase in their initiative…
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Solana has proven to be the fastest among large blockchains, processing a staggering 91 million transactions in a single day. According to a recent update by CoinGecko, on April 6, Solana achieved a record-breaking daily average of 1,504 transactions per second (TPS) during the memecoin frenzy. This makes the blockchain an impressive 46 times faster…
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The crypto market has experienced a significant surge in fundraising, reaching a whopping $2.4 billion in the first quarter of 2024, fueled by a shift in market sentiment and fresh inflows. According to a recent analysis by PitchBook, a leading data provider for private and public market investors, there has been a substantial increase in…
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The Autorité des Marchés Financiers (AMF), France’s local financial commission, has reminded investors in a warning note published Thursday, to refrain from trading crypto platform, ByBit. ByBit, which is one of the largest crypto exchanges globally, scored significant growth in the recent past. The exchange hit 20 million registered users after 5 years of operation…
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Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared with CryptoNews. Per the announcement,…
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