Author: e_cash_top

[ad_1] Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a…

[ad_1] On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for summarizing last week’s exploit.” Instead, weaknesses in Pike’s contract functions, particularly issues related to…

[ad_1] Fintech giant Block is under scrutiny by federal prosecutors from the Southern District of New York following allegations of significant compliance failures involving its main business units — Square and Cash App, NBC News reported on May 1. Federal prosecutors launched the probe after a former employee disclosed numerous lapses in the company’s transaction…

[ad_1] Aave Labs has released its strategic roadmap for 2030 that introduces several key initiatives, including the launch of Aave V4, a new visual identity, and expanded DeFi functionalities. The “Temp Check” proposal aims to gather the Aave community’s feedback on the proposed enhancements to advance the Aave protocol. Aave V4 At the heart of…

[ad_1] The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to financial crime and at…

[ad_1] Senator Cynthia Lummis expressed deep concern regarding recent actions by the Biden administration, which she perceives as a threat to the principles of the Bitcoin network and the broader DeFi sector. In a statement released on May 1, Lummis criticized the Department of Justice’s (DOJ) latest legal interpretations, which argue that non-custodial software platforms…

[ad_1] Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 5.25% to 5.50%. Preceding this decision, Bitcoin experienced a decline from approximately $64,000 to a low of around $56,500. Presently, Bitcoin is trading at approximately $58,000. BTCUSD: (Source: TradingView) Following the decision, notable movements have been observed…

[ad_1] Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold…

[ad_1] Quick Take Bitcoin has undergone a correction of approximately 23% from its peak of $73,600 in March. Analyzing historical cycles can offer valuable perspectives on its current price dynamics. Glassnode data indicates that Bitcoin is presently down by 12% from its 2021 peak, established in April 2021. This positions it between the trajectories of…