Category: Latest news
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Layer 2 labyrinth: Navigating scalability and decentralization
[ad_1] In the latest episode of the SlateCast, CryptoSlate welcomed Roy Hui, the founder of Pellar and LightLink, to discuss the role of enterprise and permissioned blockchains in the evolving world of Web3. Joined by Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, the conversation delved into the unique value proposition of platforms…
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No outflows for Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflow
[ad_1] Bitcoin exchange-traded funds experienced a net outflow of $154 million on March 18, according to data from Bitmex Research. This marks the first outflow day since March 1, breaking a streak of consistent inflows. The outflow represents 2,229 BTC, based on the market reference rate. Grayscale’s GBTC product accounted for the entirety of the…
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$620 million liquidated as Bitcoin breaks below $64k
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…
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Court sanctions SEC, orders it to cover legal fees in DEBT Box case
[ad_1] The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by Debt Box. This…
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SEC chair Gensler condemns ‘AI washing’ after regulatory action against 2 companies
[ad_1] US SEC chair Gary Gensler condemned “AI washing” or the abuse of artificial intelligence (AI) and said such activities “may violate the securities laws.” Gensler made the statements on March 18 in tandem with lawsuits and regulatory action by the SEC against AI washing, which occurs when members of the financial sector make false…
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Fidelity adds staking to Ethereum ETF application amid mixed reception
[ad_1] Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing. The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the…
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OKX removes USDT pairs in Europe as new stablecoin regulations loom
[ad_1] Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and Euro-based stablecoin pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from…
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Nigeria intensifies probe into Binance with court-ordered data disclosure
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…
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Worldcoin clarifies legality issues following Spain’s ban
[ad_1] Worldcoin has publicly recently reaffirmed the legality of its operations across the globe amid rising regulatory concerns that have led some countries to halt its operations in their jurisdictions. The public declaration comes in the wake of a recent decision by Spain’s National Securities Market Commission (CNMV) to prohibit the startup’s activities within the…
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Memecoin volumes are just vanity metrics for desperate blockchains
[ad_1] There’s a misguided belief that memecoins are helping people out of poverty that I believe is really damaging to the space. More so, I think chains like Solana and Avalanche, which are seeing increased attention due to memecoin fervor, are incredibly overheated. Essentially, memecoin volumes are vanity metrics akin to likes and followers on…