FTT Token Holders Face Obstacles In FTX Restructuring Plan
The FTX restructuring plan faces obstacles, majorly for FTT token holders. The announcement emphasizes challenges in the voting process and its effects on token holders. The restructuring plan of FTX encountered a significant impediment, which substantially impacted the holders of the exchange’s native FTT token. The crypto community has expressed apprehension regarding an announcement recently […]
Bitfarms Plans Shareholder Meeting Amid Attempted Takeover
Bitfarms cryptocurrency mining company has scheduled a shareholder meeting for October in response to a request from Riot Platforms, which is currently planning a takeover. Bitfarms’ board announced on July 12 that it would convene a shareholder meeting on October 29 in response to allegations that Riot intends to “disrupt the strategic alternatives review process” […]
ESMA Updates Crypto Staking Services Law Under MiCA
The European Securities and Market Authority (ESMA) has released an updated Q&A regarding specific guidelines, including providing crypto staking services under MiCA. According to the European securities regulator, the Markets in Crypto Asset Regulation does not prohibit staking features for crypto firms. Due to the absence of specific provisions for staking in the MiCA, a […]
Nigeria’s Blockchain Growth Depends on Local Talent – Experts
Local experts in Nigeria believe the country’s local talents will help develop its blockchain future rather than adopting a foreign blockchain. Nigerian blockchain and data specialists have provided their perspectives on the National Information Technology Development Agency’s (NITDA) initiative to create an indigenous blockchain known as “Nigerium.” This ambitious undertaking aims to enhance national security […]
Dough Finance Faces $1.8M Flash Loan Exploit
Decentralized Finance protocol Dough Finance experienced a flash loan exploit that resulted in losing $1.8 million in digital assets. Cyvers, a security firm that operates on the Web3, reported on July 12 that they had identified numerous suspicious transactions. The organization corresponded with lending protocol Aave to determine whether pools were affected. Nevertheless, the security […]