If they communicate financial promotions without approval of an authorized person, they are likely to be “communicating an illegal financial promotion,” the FCA said. Influencers who fall within the scope of the FCA rules would need to make sure that their promotions are fair and not misleading. Source
The Web 3.0 ecosystem is built on the principles of decentralization, however, most of the aspects of the ecosystems are quite centralized. Be it metaverse servers, or nonfungible tokens (NFTs), even several blockchain ecosystems are entirely based on centralized servers like Amazon. Thus, these ecosystems face several vulnerabilities that come along with the centralization. However, Dominic Williams, founder of Dfinity, believes Internet Computer can change that for good. In a conversation with Cointelegraph journalist Zhiyuan Sun during the Ethereum Community Conference (EthCC), Williams explained that with the use of smart…
Golden Inu has listed its ERC-20 GOLDEN token on Uniswap, a decentralized exchange. The platform offers a dual-token ecosystem that adds “a touch of seriousness” to the meme coin sphere. Launch on Uniswap The launch of Golden Inu on Uniswap follows a successful crowdfunding that raised nearly $338,000 for development. Within 24 hours, the token gained approximately 19%, reaching its all-time high of $0.00000000001. Over 80 traders bought coins on launch day, pointing to interest from investors who might want to hold the token in the long haul. Currently, over 833 wallet…
The crypto exchange is still faced with significant regulatory challenges, the report said. Source
Bitcoin (BTC) has spent almost a month at or near $30,000, but this is no coincidence, new analysis claims. In one of its Quicktake market updates on July 17, on-chain analytics platform CryptoQuant highlighted three key factors keeping BTC price action in the same place. Bitcoin speculators in the driving seat Bitcoin has rebuffed any attempt at a breakout for weeks on end, making casual one-year highs but always falling lower afterward. For CryptoQuant contributor Axel Adler, this has roots — among other things — in speculative trading. Short-term holders…
U.S dollar index’s fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies. Source
A United States-based crypto mining company, Marathon Digital, heads to court, as its shareholders allege that CEO Fred Thiel, alongside other top executives, committed a breach of fiduciary duties, unjust enrichment and waste of corporate assets. A shareholder complaint against Fred Thiel and nine other Marathon executives was filed in the United States District Court of Nevada on July 8. The company executives are being sued on the basis of five claims. Among them are violations of the U.S. Exchange Act, breach of fiduciary duties, unjust enrichment, and waste of…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Judge Sarah Netburn has ordered Ripple Labs and the United States Securities and Exchange Commission (SEC) to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not a security. This order pertains to Judge Torres’s recent decision on the cross-motion for summary judgment. However, it is essential to clarify that the judge is simply suggesting a settlement conference if both Ripple and the SEC believe it would…
Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8. On July 17, the Celsius Network’s debtors submitted a filing stating that its Series B holders have agreed on a settlement to distribute $25 million from the proceeds of GK8’s sale. The agreement was reached between debtors, the creditors’ committee and the initial consenting Series B preferred holders. According to the document, the shareholders proposed allocating $24 million for legal expenses and…
An environment of healthy competition is being fostered between the Ethereum ecosystem’s top development firms building zero-knowledge Ethereum Virtual Machines (zkEVMs) to scale the network, according to one of Polygon’s co-founders. Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cointelegraph ahead of the start of EthCC in France. With builders from across the Ethereum ecosystem converging on Paris, zero-knowledge proof (ZK-proof) scaling tools are set to be a major focal point. Polygon’s zkEVM uses ZK-proofs to reduce transaction costs and increase the throughput of the Ethereum network, while…