DeFi

Sol Strategies Entered OTC Group’s Best Market under the Ticker “CYFRF”.

Sol Strategies Inc., a company that is a key player in the Solana Blockchain ecosystem has begun trading on the OTC Best Market with the ticker "CYFRF." The Pink market was upgraded. This new milestone is a sign...

SEC fines DCG, Genesis $38M each for misleading investors

On Friday, the U.S. Securities and Exchange Commission announced enforcement actions against Digital Currency Group and its subsidiary Genesis. The SEC cited violations of securities laws. SEC imposed penalties and took legal action against DCG...

Gate.io Dismisses Hack Rumors, Assures Platform Security

Gate.io is one of the most popular cryptocurrency exchanges. They have denied recent rumors regarding a possible hacking incident. Social media speculations about a hacking incident began earlier in December, based on significant withdrawals that were observed...

UK bans access to Pumpdotfun by Residents

The United Kingdom’s Financial Conduct Authority issued a warning against Pump.fun, a meme coin launchpad based in Solana on December 3, for operating without the proper authorization. Following the warning, Pump.fun is now only available...

Russia passes bill taxing crypto transactions, exempting miners from VAT

After the Federation Council, the upper chamber of the Russian parliament passed a comprehensive tax law targeting crypto transactions and mining, Russia is set to introduce cryptocurrency regulation. The law recognizes digital currency as property, and...

Bitwise Rebrands Ripple XRP ETP With Ripple’s Investment

Bitwise Asset Management has revealed the rebranding of its European XRP ETP, now named Bitwise Physical XRP (GXRP), in an extensive update to their European product offering. Bitwise, following its acquisition of ETC Group in...

BIS Study: Uniswap Liquidity pools V3 are still dominated by a few large participants

The Bank for International Settlements' ( BIS ) study , November 2024, has cast doubts on the decentralized nature of decentralized finance (DeFi). Researchers analyzed the Ethereum Blockchain to understand the inner workings of Uniswap V3, which is one of the...

Bitfinity Network launches EVM-compatible Bitcoin Layer 2 backed by $12 million in funding

Bitfinity Network (a Layer 2 for Bitcoin, BTC) has launched its mainnet using $12 million of funding. Bitfinity, built as an Ethereum Virtual machine (EVM), Layer 2 solution for Bitcoin offers developers the capability to...

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