The license expiration marks a significant event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX). Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem,...Continue Reading

FTX Europe opens withdrawal for European customers, a petition seeks to halt AI development, and Binance is sued by U.S. authorities. Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes...Continue Reading

With Daniel Alegre on board, Yuga Labs is expected to ramp up its metaverse efforts. Previously, he held leadership positions at Google, Activision Blizzard, and Bertelsmann. Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and CryptoPunks NFT collections, has a new CEO: Daniel Alegre. The executive resigned as president and chief operating...Continue Reading

The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits. Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators. ...Continue Reading

Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts. Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.  However,...Continue Reading

With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs. Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs...Continue Reading

Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South...Continue Reading

Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador. El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the...Continue Reading

Investors pointed to Musk’s portrayal of “a fictitious financial expert” during a Saturday Night Live appearance, referring to Dogecoin as “a hustle,” as a reference point in the lawsuit. Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he operated a...Continue Reading

An attendee shared an image of a Terra banner at Washington National Park with the slogan “a decentralized economy needs decentralized money.” As baseball enthusiasts flocked to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the noticeable presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022...Continue Reading