Arbitrium, a layer 2 solutions provider for Ethereum, has stepped back on its government voting systems after getting backlash from the token holders. Arbitrium had control over 750 million tokens worth $1B. Community Decision Matters April 2 was when Arbitrium tweeted that they would not be able to pass AIP-1, their first governance proposal, as…
The cryptocurrency industry is no new to controversy, and the most recent incident involves a number of well-known figures. A number of celebrities, including Lindsay Lohan, Akon, Ne-Yo, Lil Yachty, and others, have been charged for promoting digital tokens while concealing their participation in a shady scheme. It was claimed that famous people manipulated the…
President Joe Biden’s economic report on Monday was a turning point for the cryptocurrency sector since it contained some of the White House’s most frank statements on virtual currencies to date. The government described these asset classes as mostly speculative investments lacking basic anchors and unable to fully perform all the functions of fiat money…
In spite of the government’s recent inclusion of PMLA (Prevention of Money Laundering Act) in cryptocurrency, Indian cryptocurrency investors have demonstrated unwavering optimism in fresh alt-token initiatives. They may have a solid understanding of and experience with digital currencies, or perhaps their unwavering attitude stems from their belief that this new asset class can provide…
In recent years, Hong Kong has come up as one of the leading destinations for cryptocurrency and blockchain-related businesses due to its open regulatory framework. The government’s progressive approach towards the regulation of digital assets has gained a lot of attention among new firms to build up their presence in the city, making it a…
Decentralized exchanges (DEX) are a type of cryptocurrency exchange that operates in a decentralized manner, unlike centralized exchanges (CEX), which rely on a central authority to manage trades. DEXs have become increasingly popular in recent years due to their security, transparency, and lack of reliance on a central authority. However, the rise of DEXs has…
The Significance of bitcoin and other cryptocurrencies is growing at a rapid speed, as a result, several countries are now understanding its importance and taking necessary steps to make it accessible to a large number of people without facing any financial risk. In addition, a group of firms has stepped into this initiative and unveiled…
Cryptocurrencies have taken the world by storm, and among them, Bitcoin and Dogecoin are two of the most popular. Bitcoin, the first-ever cryptocurrency, was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. On the other hand, Dogecoin was created in 2013 as a joke by software engineers Billy Markus…
Singapore’s regulatory authority has launched a fresh probe into Terraform Labs, a blockchain company established by Do Kwon, amid tensions over potential regulatory breaches. The step follows a similar investigation opened by the United States Securities and Exchange Commission (SEC) last year for misleading the public by stating that Terra was decentralized and that TerraUSD…
In recent years The Securities and Exchange Commission has cracked down on several high-profile crypto firms. In a recent effort, SEC has launches emergency actions against BKCoin, a Miami-based investment advisor, for its involvement in a $100 million fraudulent investment scheme. What are the Allegations against BKCoin? As per the SEC, BKCoin and its co-founder,…
