Author: Lalit Mohan

12
Apr
2024
Posted in Altcoin

A signal vote is passed on the controversial Sushi DAO treasury plan

The controversial Sushi -7.13% DAO governance proposal, which calls for moving more than $40 million in treasury assets under DAO management to a new Labs model, has passed the community…

11
Apr
2024
Posted in Altcoin

Thailand’s Governmental Authorities Are Seeking to Regulate P2P Crypto Activities

Leading the meeting was Minister of Digital Economy and Society Prasert Jantararuangthong, with participation from important departments such as the Thai SEC, Bank of Thailand, Royal Thai Police, and Defense…

11
Apr
2024
Posted in Altcoin

Notcoin founder shares plans about the coin launch phases

Co-founder of Notcoin and Open Builders Sasha Plotvinov states that the group is now coordinating user token branding “so as not to destroy the ecosystem.” With regard to audience size,…

11
Apr
2024
Posted in Altcoin

Marginfi, the creator of the trading protocol based in Solana, quits due to an internal conflict

Edgar Pavlovsky, the founder of Marginfi, announced his decision to leave the project in an X post on April 11. He attributed his resignation primarily to differences in internal and…

11
Apr
2024
Posted in Altcoin Policy and Regulation

Central Bank of Nigeria forbids using foreign exchange as collateral for loans denominated in local currency

Stopping the Naira’s Decline The Central Bank of Nigeria (CBN) has ordered banks to stop using foreign currencies as collateral for loans in local currency because of the continuous shortages…

11
Apr
2024
Posted in Altcoin

Chief of the Russian Central Bank: Five to Seven Years for Widespread Adoption of the Digital Ruble

No Choice Before 2025 The head of the Bank of Russia, Elvira Nabiullina, has said that although the digital ruble’s trial program would continue, a decision on its general implementation…

11
Apr
2024
Posted in Altcoin

CEO of Cantor Fitzgerald supports tokenization and stablecoins

“Dollar hegemony is essential to the US Constitution.” At the Chainalysis conference in New York, Lutnick stated, “It matters to us, to our economy,” reiterating his support for stablecoins with…

11
Apr
2024
Posted in Altcoin

Developer of Bitcoin scaling Alpen Labs emerges from stealth and discloses $10.6 million in previous initial funding

On Wednesday, Alpen Labs, a firm using rollups and zero-knowledge technology to scale Bitcoin, came out of stealth and revealed that it had previously raised $10.6 million. Venture capital firm…

10
Apr
2024
Posted in Altcoin

100 million Z tokens will be airdropped by Zeta Markets, a Solana DEX

Zeta Markets, a decentralized exchange for trading cryptocurrency perpetuals with its headquarters in Solana, is about to publish and airdrop Z, a “governance” token. Zeta said on Tuesday that the…

10
Apr
2024
Posted in Altcoin Bitcoin Blockchain

Crypto Bytes: Top 10 Breaking News from Cryptoverse

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making…

09
Apr
2024
Posted in Altcoin

Tensor Foundation Launches TNSR Governance Token for Solana NFT Marketplace

The Tensor Foundation, responsible for the development of the Solana-based NFT marketplace Tensor, has introduced its governance token, TNSR. This strategic move aims to empower community participation and decision-making within…

09
Apr
2024
Posted in Altcoin

Lumoz Secures $6 Million Pre-Series A Funding, Valued at $120 Million

Lumoz, formerly known as Opside, has successfully raised $6 million in a pre-Series A funding round, positioning the blockchain scaling infrastructure project at a valuation of $120 million. The investment…

09
Apr
2024
Posted in Altcoin

dYdX Encounters Chain Halt During Planned Upgrade

The decentralized derivatives exchange protocol dYdX faced a significant setback during a scheduled upgrade, experiencing a chain halt that disrupted its mainnet operations. Since 6:50 a.m. UTC, engineers have been…

08
Apr
2024
Posted in Altcoin

LightLink Raises $6.2 Million in Extended Seed Round Amid Shifting Crypto VC Landscape

Blockchain startup LightLink has successfully secured $6.2 million in funding during an extended seed round, signaling a notable milestone in the company’s growth trajectory. The funding was sourced from a…

08
Apr
2024
Posted in Altcoin

Aave Initiates Potential Fee Distribution Vote, Marking Shift in Staking Dynamics

Decentralized finance (DeFi) luminary Marc Zeller, founder of the Aave Chan Initiative, has hinted at an imminent vote within the Aave community regarding the activation of a ‘fee switch’ mechanism….

08
Apr
2024
Posted in Altcoin

dYdX Community Votes to Enhance Network Security with $60 Million Staking

The dYdX community recently made a significant decision aimed at bolstering the security and economic resilience of its decentralized derivatives exchange platform. In a notable move, community members voted to…

06
Apr
2024
Posted in Altcoin

Ark Invest Continues Portfolio Rebalancing, Sells $6.4 Million Worth of Coinbase Shares

Ark Invest, under the leadership of Cathie Wood, has executed another round of rebalancing, shedding $6.4 million worth of Coinbase shares on Thursday as part of its ongoing portfolio management…

06
Apr
2024
Posted in Altcoin

Sony Bank Explores Stablecoin Trial on Polygon Blockchain

Sony Bank, the banking division of the renowned Japanese entertainment conglomerate, has initiated a proof-of-concept endeavor to introduce its own stablecoin pegged to fiat currency, as reported by Nikkei. This…

06
Apr
2024
Posted in Altcoin BSC

Binance Implements Stricter KYC Standards for Corporate Clients

Cryptocurrency exchange Binance has announced a tightening of its Know Your Customer (KYC) requirements for business clients, signaling a shift toward enhanced compliance measures. Effective from March 20, Binance has…

05
Apr
2024
Posted in Altcoin

Ripple Unveils USD-Pegged Stablecoin Aimed at Competing with USDT and USDC

Ripple, a leading blockchain solutions provider, has revealed its intention to launch a stablecoin pegged to the U.S. dollar later this year, signaling a strategic move to penetrate the stablecoin…