Solana to Surpass All-Time High Despite Activity Decline
The total value locked in Solana saw a 30% decline, but there is still a potential for the blockchain to reach new heights soon. DefiLlama reports that in April, the value of decentralized applications decreased by $10 billion. Furthermore, as of this writing, the Solana blockchain’s total value locked (TVL) is just $3.8 billion, down […]
DOJ’s Crypto Wallet Focus Raises Digital Rights Concerns
DOJ’s move against Wasabi Wallet sparks debate on financial privacy rights. The Department of Justice’s (DOJ) recent actions have sparked an intense discussion regarding the future of financial privacy. Privacy advocates and cryptocurrency users are deeply troubled by the assault on Wasabi Wallet’s service, highlighting the conflict between regulatory actions and the right to private […]
CFTC Commissioner Proposes AI Fraud Task Force
CFTC Commissioner Johnson proposes an AI regulation framework, increased penalties for misuse, and task force creation at the TAC meeting. Commissioner Kristin Johnson of the United States Commodity Futures Trading Commission (CFTC) recently introduced three regulatory proposals about artificial intelligence (AI) technologies in the context of U.S. financial markets. During a presentation at the Technology […]
US SEC Delays Decision on 7RCC’s Spot Bitcoin ETF Application
7RCC Global asked to wait two more months for the SEC decision on its spot Bitcoin ETF application centered on carbon credits after the initial five-month wait. 7RCC Global has been informed that it must wait an additional two months before the United States Securities and Exchange Commission (SEC) decides on its spot Bitcoin ETF […]
Nigeria Labels Crypto a National Security Concern, Signals P2P Ban
Three Nigerian fintech startups to block and report crypto transactions due to national security concerns, hinting at an impending ban on peer-to-peer trading As a result of the National Security Adviser (NSA) of Nigeria designating cryptocurrency trading as a matter of national security, a minimum of three Nigerian fintech startups—Moniepoint, Paga, and Palmpay—have resolved to […]