Author: NBTC
Decentralized autonomous organizations (DAOs) don’t currently need specific legislation because they look to be subject to existing laws, the Law Commission of England and Wales said. Given the diversity of DAO structures, a single legislative approach is hard to envisage, it said. The Law Commission of England and Wales, which reviews and recommends changes to laws to the U.K. government, said it wasn’t recommending setting up a new legal framework for decentralized autonomous organizations (DAOs) because they could fall under existing regulations that require companies to have authorization to operate in the U.K. DAO’s could fall under the Financial Services…
21Shares AG launches three new ETPs, expanding its European lineup to 43 crypto-asset ETPs with over $3.3 billion in total assets. New ETPs: AIMX tracks IMX (blockchain gaming), AINJ tracks INJ (DeFi), and ASUI tracks SUI. 21Shares’ new ETPs offer investors exposure to innovative blockchain ecosystems: Immutable, Injective, and Sui. 21Shares has recently introduced three new ETPs on the Euronext Paris and Euronext Amsterdam markets. The 21Shares Sui Staking ETP (ASUI), the 21Shares Injective Staking ETP (AINJ), and the 21Shares Immutable ETP (AIMX) are the new additions. With these new offerings, the business now offers 43 crypto-asset ETPs in Europe,…
Bitcoin (BTC) struggled to break a key resistance level on Thursday despite a positive US inflation report, continuing the downward trend observed since early June. Bitcoin Bulls Failed Post-CPI On Thursday, US consumer prices fell to their lowest level in the last year. This initially favored higher-risk assets, including BTC. For a moment, it looked like Bitcoin bulls could establish a foothold above the descending trend line that characterized the sell-off from June highs around $72,000. Such a bounce would mark the end of the pullback and potentially spur momentum investors into action. However, bullish hopes were quickly dashed as…
Spotonchain data shows that in a significant market development, there has been an amazing surge of 51% in $JASMY coin price over the past week. This remarkable rise shows increased interest and optimism among investors about the future of cryptocurrency. The $JASMY price is up 51% (7D).Just now, DWF Labs (@DWFLabs) deposited 50M $JASMY ($1.57M) to #Binance.Currently, DWF Labs holds 71M $JASMY ($2.24M) with an estimated total profit of $9.21M (+298%).Follow @spotonchain and set alerts for DWF Labs now via… pic.twitter.com/7DUg1aTLUu — Spot On Chain (@spotonchain) May 31, 2024 DWF Labs Deposits 50M JASMY Tokens to Binance, Indicating Bullish Sentiment…
The US Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, the issuer of the stablecoin Binance USD (BUSD), without recommending any enforcement action, Jorge Tenreiro, Deputy Chief of the SEC’s Crypto Asset and Cyber Unit, told Fortune. The decision marks a significant turn in the ongoing debate over whether stablecoins should be classified as securities. Initially triggered by a Wells notice concerning the BUSD stablecoin issued by Paxos in collaboration with Binance, the SEC’s retreat follows a recent court ruling favoring Binance, which dismissed a key securities charge against the exchange. “The termination of this investigation formally…
Binance continues to defend its heft as the largest crypto trading platform by trading volume metrics globally. As the exchange turns seven, reports indicate that its Bitcoin (BTC) holdings continue to grow. Centralized exchanges such as Binance and Coinbase facilitate the buying, selling, and trading of cryptocurrencies, acting as intermediaries between buyers and sellers. Binance’s Bitcoin Exchange Reserve Soars 10% CryptoQuant founder and CEO Ki Young Ju reports that Binance Exchange’s Bitcoin holdings have increased by 10% since early 2024. The opposite happened for other exchanges, whose BTC holdings plummeted by 8%. Read More: Binance Review 2024: Is It the…
BTC bulls failed to penetrate critical resistance after positive U.S. inflation data, leaving the doors open for more losses. Downside may be limited as recent supply overhang from Germany’s Saxony state has exhausted. Fed rate cut bets, FTX repayments may offer support, according to a prime broker. Thursday was a significant day for crypto markets as bitcoin (BTC) failed to surpass a key resistance despite a positive U.S. inflation report, maintaining the downward trajectory observed since early June. On Thursday, after the U.S. reported the first drop in consumer prices in four years markets quickly lifted the Fed rate cut…
As the broader crypto market recorded a slight slump overnight, many Dogecoin (DOGE) holders have seen this as an opportunity to make a cheaper bet on the meme coin. According to insights shared by top market analyst Ali Martinez, about 700 million DOGE have been accumulated by whales in the trailing 72-hour period. #Dogecoin whales have bought over 700 million $DOGE in the past 72 hours, worth around $112 million! pic.twitter.com/zpMoHz1azX — Ali (@ali_charts) May 31, 2024 The performance of Dogecoin in recent times is arguably mixed. After soaring as high as 12.63% in the past month, the price backtracked…
A U.S. House of Representatives vote on whether to override a veto from President Joe Biden failed on Wednesday, leaving the Securities and Exchange Commission’s crypto accounting policy intact. Rep. Maxine Waters, one of the central Democratic negotiators on crypto legislation, said the SEC and the banking industry are in talks to change the controversial accounting policy. A strong majority of the U.S. House of Representatives voted against President Joe Biden’s defense of the Securities and Exchange Commission’s contentious crypto accounting policy, but the turnout fell well short of the two-thirds of the House needed to override the president’s recent…
Minswap, the biggest decentralized exchange (DEX) in the Cardano ecosystem, announces the launch of its updated trading platform. The DEX made this known in a tweet today, indicating that the new version offers cheaper, more composable, sustainable, secure and scalable transactions. Minswap V2 is now LIVE! 🎉 Cheaper ✦ Scalable ✦ Sustainable ✦ Composable ✦ Secure ➜ https://t.co/75dkdLNN1d pic.twitter.com/oGkM2dNsRw — Minswap Labs (@MinswapDEX) July 10, 2024 Notably, Minswap V2 emerged with a complete redesign with user experience in mind. The new design comes with a user-friendly interface to enhance the trading experience. It also offers new functionalities, ranging from dynamic…