Author: Mehar Nayar
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…
Anticipating Significant Crypto Token Unlocks in February
As February progresses, the cryptocurrency market braces for a series of major token unlocks, injecting hundreds of millions of dollars into circulation. The first notable event is on Super Bowl…
EigenLayer’s TVL Soars to $6 Billion as Deposit Caps Temporarily Lifted
EigenLayer, the Ethereum-based restaking protocol, has witnessed a remarkable surge in Total Value Locked (TVL), reaching nearly $6 billion following the temporary removal of deposit caps on February 5. The…
zkSync Anticipates Lower Fees and Enhanced Performance With Ethereum’s Duncan Upgrade
The forthcoming Duncan upgrade on the Ethereum network, slated for mid-March, is poised to revolutionize Layer 2 solutions, bringing significant improvements to platforms like zkSync. This upgrade, featuring “proto-danksharding” (EIP-4844),…
Streamlining Crypto Adoption: Ramp Launches Document-Free Onboarding in Brazil
Crypto payments firm Ramp is pioneering a user-friendly initiative in Brazil, aiming to simplify the onboarding process for individuals keen on trading digital assets. The evolution in the company’s know-your-customer…
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…
Hong Kong Securities Regulator Issues Warning on Alleged MEXC-Linked Crypto Scam
In a recent announcement, Hong Kong’s Securities and Futures Commission (SFC) raised the alarm about a suspected crypto fraud involving the cryptocurrency exchange MEXC. The SFC, in collaboration with the…
Ethereum’s Upcoming Duncan Upgrade Set to Revolutionize zkSync with Lower Fees and Enhanced Performance
The imminent Duncan upgrade on the Ethereum network, scheduled for mid-March, is poised to introduce significant advancements, notably the proto-danksharding feature (EIP-4844). This upgrade is generating anticipation within the Ethereum…
Optimism to Conduct ETH Withdrawal Pause for Enhanced Incident Response Testing
Layer 2 network Optimism is set to undertake a strategic pause in ETH withdrawals on February 15 to facilitate the testing of its upgraded incident response system. This move is…
HSBC Spearheads $6.85 Million Funding for Blockchain Insurance Pioneer in Hong Kong
In a significant financial move, HSBC has taken the lead in a funding round that injected $6.85 million into MediConCen, a blockchain insurance startup based in Hong Kong. The funding,…
Pendle Approaches $1 Billion TVL Milestone as Liquid Restaking Token Interest Surges
Pendle, a leading decentralized finance (DeFi) platform renowned for its innovative approach to yield generation, is on the cusp of reaching a remarkable milestone—$1 billion in Total Value Locked (TVL)….
Hong Kong Initiates Consultation on Regulating OTC Crypto Trading
In a significant move, Hong Kong has unveiled a consultation process aimed at regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau (FSTB) seeks to establish a…
RBI Governor Advocates Offline Solutions to Drive Digital Rupee Adoption in Remote Regions
RBI Governor Shaktikanta Das’s recommendation to introduce offline capabilities for the digital rupee represents a strategic approach to overcome connectivity challenges in remote areas. By evaluating proximity and non-proximity-based solutions…
Wormhole Empowers Community with 1.7 Billion W Tokens in Decentralization Drive
Navigating the Wormhole Ecosystem: Unveiling a Transparent Token Distribution Strategy Wormhole’s token distribution plan unfolds with a meticulous allocation strategy. Earmarking 31% for ecosystem and incubation, 23.3% for the foundation…
TradeStation Crypto Settles with SEC for $3 Million Over Unregistered Product
TradeStation Crypto, a Monex Group subsidiary, has reached a $3 million settlement with the U.S. Securities and Exchange Commission (SEC) and regulators from 26 states. The resolution addresses allegations that…
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…
Binance Faces Legal Confrontation as Uzbekistan Imposes Fine for Unlicensed Operations
In a recent regulatory move, Uzbekistan has levied a substantial fine of 102 million soms (approximately $8,200) on international crypto exchange Binance for operating within its borders without the necessary…
Japan’s FSA Eases Regulations for DAOs with Groundbreaking Token Treatment
In a significant move, Japan’s Financial Services Agency (FSA) has proposed amendments to facilitate the growth of decentralized autonomous organizations (DAOs) and provide clarity to their legal framework. The proposed…
Crypto Visionaries Launch Pi42: India’s New Horizon for Legally Compliant Crypto Futures
Indian crypto pioneers Nischal Shetty, founder of WazirX, and Avinash Shekhar, former CEO of Zebpay, have ventured into the crypto space once again, unveiling their latest creation, ‘Pi42.’ This crypto-INR…
Ondo Finance Expands Reach with USDY Stablecoin Integration on Sui Blockchain
In a strategic move, Ondo Finance has announced the expansion of its US Treasury-backed stablecoin, USDY, to the Layer 1 blockchain of Mysten Labs’ Sui. This marks a significant development,…