“Rewards, incentives, as well as all emissions will be made directly out of the DAO. Proposals and delegations of votes will be live, and the community (along with our new ecosystem partners), will collectively materialize the full potential of the project alongside our team,” it added. Source
The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough liquidity as it begins to work on the…
Thailand’s Securities and Exchange Commission (SEC) is preparing to soften retail investment restrictions related to initial coin offerings (ICO) to boost digital investments. The Thai securities regulator is willing to lift the limit of 300,000 baht ($8,800) for asset-backed ICOs per person, planning to allow bigger investments in real estate and infrastructure-backed ICOs, the SEC officially announced on March 30. The new measures aim to help Thailand boost local technological development due to growth in the capital market and the digital economy, the SEC said, adding: “The revision of the…
Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter said that Coinbase is currently holding talks with Canadian regulators. Based out of the US,…
At press time, the quarterly expiry on dominant crypto options exchange Deribit comprised 81,052 call options worth $2.24 billion and 60,261 put options worth $1.73 billion, according to data from Amberdata. Deribit, which accounts for almost 80% of the global crypto options activity, will settle the quarterly options at 08:30 UTC on Friday. On Deribit, one options contract represents 1 BTC. Original
Bybit has said it is inviting African youths that wish to attend a blockchain education training program to submit their applications. The training and educational program is expected to help the participating individuals learn the fundamentals of blockchain technology. Understanding the Blockchain Bybit, one of the world’s leading global crypto exchanges, has partnered with Innovation Growth Hub to launch a blockchain education and training program targeting African youths. The training program is expected to help young people learn and understand the fundamentals of blockchain, as well as how this creates…
The move follows interest in securities trading using central bank digital currencies. Source
According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations in the platform surpassed $125 million in 2022. Based on the data available, the crypto charity project predicted that it could surpass $1 billion in August 2027, reach $5 billion in June 2031 and exceed the $10 billion mark in November 2032. Data collected by the crypto charity platform The Giving Block shows that donations in the form of cryptocurrencies are set to go over $10 billion within the next decade. Predictions…
Following his arrest in December, Bankman-Fried is on bail residing at his parents’ home in Palo Alto, California, following a $250 million bond. As part of the conditions of his bail, he has been given a new phone without internet access and a new laptop that can only access approved websites. Source
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