Pantera-Backed Vega Protocol Shuts Down Layer-1 Chain
Vega Protocol is shutting down its trading-focused blockchain after an on-chain governance vote redirected resources to core software development. Following the successful passage of an on-chain governance referendum with nearly unanimous support, the trading-focused blockchain Vega (VEGA) is gradually ceasing operations. The project’s resources will now be allocated to core software development. The community’s support […]
CEX.IO Resumes UK Operations After Meeting FCA Guidelines
CEX.IO has resumed UK operations after complying with the FCA’s new crypto asset promotion regulations, which led to a voluntary suspension last year. On Thursday morning, CEX.IO, a centralized crypto exchange, recommenced operations in the United Kingdom. The company’s registration process now complies with the Financial Conduct Authority, the country’s financial regulator. Following the FCA’s […]
Binance Supports FIRO Hard Fork, Price Rises 3%
Binance announced its support for Firo’s upcoming hard fork and network upgrade, boosting attention to the privacy-focused token. A critical announcement regarding Firo, a digital cash initiative that prioritizes privacy, was made by the crypto exchange giant Binance on Thursday. The exchange has disclosed that it is supporting the coin’s hard fork and network upgrade, […]
Global Emerging Markets Invests $50M in Music Startup Tune.fm
Global Emerging Markets has provided Tune.fm, a decentralized music streaming platform with $50 million in capital, bringing its total funding to $80 million. The new investment will ensure the liquidity of the protocol’s JAM token (JAM), utilized within the platform to compensate artists and users. LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The […]
Digital Chamber Urges Congress to Exempt NFTs from SEC Rules
The Digital Chamber, a blockchain advocacy group, has urged Congress to exempt certain NFTs from SEC regulations, arguing they should be classified as consumer products, not securities. The Digital Chamber, a Washington-based advocacy organization that advocates for the blockchain technology, Bitcoin, and digital asset industry, has requested that the U.S. Congress consider the exemption of […]