With an emphasis on stablecoins, the Canadian Securities Administrators (CSA) has offered guidelines to exchanges and cryptocurrency issuers on its preliminary approach to what it refers to as value-referenced crypto assets. Canadian provincial and territorial securities authorities issued a clarification on the possible trading of cryptocurrencies that peg their value
October 6, 2023 1 min read
Cardano co-founder Charles Hoskinson has dispelled certain myths and clarified some worries about the Hydra project. Hoskinson made a concerted attempt to clarify and transparently dispel claims of dishonesty over the throughput capacity of Hydra in a recording released on Wednesday. In order to improve Cardano’s scalability, the protocol, which
October 6, 2023 2 mins read
CertiK has recently identified new behavior associated with the infamous FTX hacker. In this case, CertiK Alert detected a large bridge transaction involving 5,624 ether and Bitcoin. Moreover, the hacker transferred 7,500 Ether and 9,375 Ether to EOA. Around 15,000 ETH were discovered to have been converted to BTC by
October 5, 2023 1 min read
NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.
October 4, 2023 1 min read
In a recent study, crypto market data analytics company CryptoQuant concluded that widespread interest in Bitcoin (BTC) is a positive sign for its value. Nonetheless, researchers have concluded that interest is low and that no fresh capital is being poured into the ecosystem, suggesting that the bull market’s top is
October 4, 2023 2 mins read
Initial trading activity for Ethereum futures exchange-traded funds (ETFs) was much lower than expected. Recent Ether futures exchange-traded funds failed to make a major impression despite being billed as revolutionary products. On its first day of trading, less than $2 million was traded across all nine ETFs. Valkyrie’s BTF futures
October 3, 2023 1 min read
The CFTC is putting a lot of effort into decentralized finance (DeFi). CFTC Chair Rostin Behnam has made it clear that aggressive regulation of this developing field is not negotiable, a month after the agency resolved accusations against key DeFi protocols. Behnam made a striking comparison during his talk at
October 3, 2023 1 min read
Lately, the price of Solana (SOL) skyrocketed, coming alarmingly close to $25. Due to its recent price increase, Solana is now the seventh most valuable cryptocurrency, surpassing both Dogecoin (DOGE) and Cardano (ADA). This year, the TVL for Solana reached a new high of $338.21 million. This provides some good
October 2, 2023 1 min read
By enabling the usage of cryptocurrencies and Non-fungible Tokens (NFTs) for in-game purchases, blockchain games have revolutionized the gaming experience for gamers globally. Due to the increased demand of blockchain technology, the rising appetite for decentralized games and assets, and the promise of blockchain games to deliver new and exciting
September 29, 2023 3 mins read
Recent months have seen a surge in Total Value Locked (TVL) in the Solana ecosystem, despite a precipitous decline in DEX volumes. The declining DEX activity in Solana’s DeFi landscape has caused considerable concern, given the significance of these metrics to the general condition of a DeFi network. Base, Coinbase’s
September 29, 2023 2 mins read