Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls

The Central Bank of the United Arab Emirates (CBUAE), along with other regulators in the country, has recently published new joint guidance for virtual asset service providers (VASPs) operating within the country. The new guidelines include penalties for VASPs operating without proper licenses within the jurisdiction. The National Anti-Money Laundering and Combating Financing of Terrorism and

The platform explores the possibilities to "improve artists' and fan experiences," conveying the survey among users. 392 Total views 4 Total shares Major music streaming platform Spotify is reportedly testing the option of nonfungible tokens (NFTs) galleries on musicians’ profiles. Should the tests appear successful, the embedment of NFTs would serve to improve artist and…

Anton Bukov, the co-founder of 1inch Network, explains how Ethereum can overcome its scalability issue and why it could soon become more valuable than BTC. 168 Total views 15 Total shares Anton Bukov, the co-founder of 1inch Network, thinks that Ethereum will likely become the main settlement layer for a multi-chain decentralized finance (DeFi) ecosystem. “There…

After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains.Fast forward to the present time, and BTC's $19,100 price is virtually identical to where…

Funding will be used to expand 1inch's presence in Asia and build new products. 665 Total views 3 Total shares The team behind the 1inch protocol, which combines an automated market maker protocol and an aggregator for other DEXs, announced on Wednesday a successful Series A round for $12 million.Pantera Capital, a major venture fund…

At least 340 cryptocurrency or blockchain companies were dissolved or liquidated this year in the United Kingdom (UK), British news outlet Sky News reported on Dec. 22.UK crypto companies in 2018. Source: SkyNewsThe aforementioned article also reports that last year, the number of companies in this industry that had been liquidated amounted to 139, nearly…

The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. 112 Total views 32 Total shares Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent…

BTC trades in the lower-end of its 76-day range, but analysts say future Fed actions and record-high open interest increase the possibility of future “deleveraging events.” 98 Total views 5 Total shares Bitcoin (BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in…

Four security incidents took place on Coinbase's layer-2 solution Base shortly after its launch. 267 Total views 2 Total shares A total of $15.8 million in cryptocurrencies were lost to hacks or exploits in the month of August.According to an Aug. 31 report by blockchain security firm Immunfi, a combined $23.4 million in crypto was