CSA cautions against ‘gambling style’ advertising and marketing in guidelines for crypto enterprises
The Canadian Securities Administrators (CSA) have published instructions for crypto trading platforms operating in Canada to avoid “advertising and marketing materials that could mislead investors.” According to CSA chair Louis Morisset, “misleading advertisements and improper marketing strategies may encourage investors to take risks they would otherwise avoid.” The Canadian authorities’ instructions issued on Thursday caution […]
ShapeShift offers second token airdrop following vow to decentralize
ShapeShift has finished its second FOX token airdrop, called “fairdrop,” as part of a broader decentralization vow announced in July. CEO Erik Voorhees defined full decentralization as a “iterative process” that can take years, according to a July interview with Cointelegraph. ShapeShift revealed Tuesday that over 33,000 DAO community members received 6,613,000 FOX tokens as […]
Netflix to air a documentary about the life and death of QuadrigaCX’s COE
Netflix, the online streaming platform and production firm, will produce a documentary about the late founder of the cryptocurrency exchange QuadrigaCX, Gerald Cotten. Many believed Gerald Cotten had faked his death and fled with millions of dollars in cryptocurrency, and some even called for his remains to be unearthed. According to a tweet sent out […]
Blockdaemon achieves unicorn status with $155M finances
Blockdaemon has become a crypto unicorn after raising $155 million in Series B funding, allowing it to significantly extend its operational reach. In the realm of venture capital, a privately owned startup business is referred to as a “unicorn ” if its market capitalization exceeds $1 billion. Blockdaemon’s valuation has increased to $1.255 billion as […]
Bitfinex debuts the first L2 bridge from CeFi to DeFi
It will be possible to conduct ERC-20 token transactions between centralized and decentralized exchanges using the bridge launched by Bitfinex. Investing in cryptocurrencies With the launch of its market-debut service, Bitfinex will be able to connect its centralized platform to the layer-2 decentralized trading platform and subsidiary DeversiFi. When used in conjunction with the permissionless […]