These tokens were issued by foundations and companies or tied to protocols Polygon (MATIC), Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO) as securities. Source
ADA, the native currency of Cardano, a blockchain smart contracts platform and Ethereum competitor, is not a security, the lead developer of the network, Input Output Global (IOG), has responded in a recent statement. SEC sues Binance and Coinbase Early this week, the United States Securities and Exchange Commission (SEC), the primary regulator in the country governing securities trading and issuance, while suing Binance and Coinbase, two of the world’s largest cryptocurrency exchanges, listed ADA, among other coins and tokens, as an example of an unregistered crypto asset security. The SEC…
Blockchain and cryptocurrency technology has taken the financial world by storm, carrying with it the risks and rewards of innovation and investment. It is natural to feel left out, it is also important to educate oneself on the risks involved, the utilities of each potential token investment and the regulatory frameworks designed to prevent fraud, scans and illegal activities. Let’s explore how crypto education platforms, token utilities, and crypto regulations can help protect investors while creating a more secure and efficient monetary system in the future. Crypto education In 2022,…
BNB’s open interest, the total number of outstanding derivative contracts held by investors, also increased in the first nine hours of June 5 by nearly $30 million, according to Coinalyze, which also occurred before the 11:15 am news of the SEC alleging Binance commingled customer funds and operated an unregistered securities exchange. Source
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said. Source
“With Bedrock, we’ve added a new method of making deposits via the new Optimism Portal contract. This approach treats ETH as a native token, so that an L1 to L2 transaction can have both ETH and data associated with it,” said Maurelian. “To achieve this, we needed to decouple the storage of ETH from the rest of the ERC-20 tokens in our bridge, and move it into the Optimism Portal.” Source
Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain. The innovative new blockchain, dedicated to NFTs, is built on the open-source Substrate framework, distinguishing it from others by integrating NFT-related transactions directly into its foundational code, rather than relying on smart contracts. Incorporating NFT transactions at the protocol level enhances scalability and prepares projects for future-proofed digital assets. Notably, Enjin Blockchain features like Fuel Tanks and Discrete Accounts simplify end-user interaction by subsidizing transaction fees and eliminating the need…
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DYDX, the native token for the decentralized exchange platform with the same name, jumped to $2.23 at press time after the U.S. Securities and Exchange Commission said it sued Binance, the largest crypto exchange by trading volume, for violating federal law. Source
Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol. Source