The U.S SEC has asked a New York court to consider the “severity” of Ripple Labs’ misbehavior as it seeks a settlement of almost $2 billion from the company. The SEC requested Judge Analisa Torres to authorize the fine. It comprises $876 million in disgorgement, $198 million in prejudgment interest,
March 27, 2024 1 min read
Decentralized perpetual exchange IntentX and Layer 3 network Orbs have partnered to integrate Orbs’ Liquidity Hub. As the primary spot engine for IntentX, Orbs Liquidity Hub will provide customers access to spot orders and the perpetual contracts marketplace. Operating atop automated market makers (AMMs) is the DeFi infrastructure platform Orbs
March 26, 2024 2 mins read
First steps toward a central bank digital currency (CBDC) strategy are being developed by the Central Bank of the United Arab Emirates (CBUAE). Both retail and wholesale applications of CBDC are being considered. On March 23, the CBUAE and R3 and G42 Cloud, a division of the UAE-based AI holding
March 26, 2024 1 min read
Applications to list cryptocurrency products, such as Bitcoin and Ethereum Exchange Traded Notes (ETNs), will soon be accepted by the London Stock Exchange (LSE). According to the statement made earlier on Monday by the trading giant, trade is expected to begin in the second quarter of this year. When the
March 26, 2024 2 mins read
A number of new features and efforts centered on practicality will be released in 2024, according to the roadmap released by the Floki Inu (FLOKI) team. Users will be able to open bank accounts and deposit FLOKI tokens into them using the plans’ regulated digital banking accounts. In addition to
March 24, 2024 2 mins read
Web-3 gaming superapp GAM3S.GG has disclosed plans to create its native $G3 token and announced a $2 million funding round in an effort to promote web3 gaming and support their goal of onboarding the next 100 million players. A number of prominent VCs, including Merit Circle, WWVentures, Cogitent Ventures, P2 Ventures, Cypher
March 22, 2024 2 mins read
The much awaited beta launch of OraiBTC Subnet is set to occur on March 19, according to Oraichain, a pioneer in the integration of blockchain technology with artificial intelligence. With this breakthrough, Bitcoin (BTC) will be included into the Oraichain ecosystem for the first time, providing a decentralized bridge for
March 20, 2024 2 mins read
Following its recent spate of unscheduled failures, crypto exchange Coinbase has said that it would have to upgrade its infrastructure in order to adequately address the problem. If Coinbase wants to significantly reduce the number of outages it has had in the last several weeks, it has to invest heavily
March 20, 2024 1 min read
In order to provide DeFi liquidity to the Bitcoin ecosystem, Bitcoin liquidity protocol Velar has announced the introduction of Dharma, an Automated Market Maker (AMM). Dharma, which is scheduled to launch on Bitcoin L2 Stacks on March 19, will increase the network’s DeFi capabilities. Token pairings may now be completely traded onchain
March 19, 2024 2 mins read
MetaMask, a provider of Web3 self-custody wallets, and CoinLedger, a tech company that focuses on software for reporting crypto taxes, announced their alliance on March 18. Users of MetaMask will benefit from improved compatibility and functionality thanks to the collaboration. Moreover, a news release states that CoinLedger’s tax reporting software
March 19, 2024 1 min read