Exploring Bitcoin DeFi: Opportunities and Innovations

Discover how Bitcoin is evolving in the DeFi space through layer-2 solutions, Taproot, and BTCB on BNB Chain. (Read More)

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CFTC charges Uniswap, Brazils X ban, and more: Law Decoded

Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges.

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Plume debuts tokenized Mineral Vault amid hunger for RWA yield, CEO says

According to Chris Yin, investor demand for RWAs is moving upstream from tokenized treasury bills to private alternative assets. 

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Synthetix L2 Chain Snax Integrates Wormhole for Enhanced Governance

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging. (Read More)

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Sonic blockchain reaches record 720ms finality in testnet phase

Sonic could become the fastest blockchain by finality if it maintains the performance on its mainnet.

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Crypto Biz: US regulators crack down on Uniswap

This weeks Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTXs repayment plan.

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Euler Finance Exploiter Congratulates Penpie Hacker for Stealing $27 Million

Penpie's thief moved funds through Tornado Cash as Euler's exploiter, who returned stolen funds, encouraged them to keep every dollar taken.

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Uniswap settles CFTC charges, Polygons new hyperproductive POL token: Finance Redefined

The CFTCs director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygons native token executed a key technical upgrade.

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AUSD Stablecoin Now Integrated with Sui Network

AUSD stablecoin launches on Sui, enhancing the network's utility, accessibility, and interoperability, according to The Sui Blog. (Read More)

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DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimisms Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimisms Superchain infrastructure.  For the uninitiated, Ethereum [...]

The post DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain appeared first on Crypto Breaking News.

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BNB Chain Launches $300,000 TVL#4 Incentive Program to Boost DeFi Ecosystem

BNB Chain has unveiled a $300,000 TVL#4 Incentive Program to foster DeFi growth. Projects can compete in staking and TVL challenges. (Read More)

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Flare Network's Hugo Philion Discusses the Future of Decentralized Oracles

Learn about the decentralized oracle ecosystem and how Flare Network aims to revolutionize it, as discussed by co-founder Hugo Philion. (Read More)

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DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged Violations And Settlement Revealed According to the DOJ, Robinhood violated the California Commodities Law (CCL) by enabling customers to purchase cryptocurrencies without delivering these assets to them, effectively selling commodities contracts without adhering to legal requirements.  Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why During the specified period, customers could not withdraw their cryptocurrencies and were forced to sell their holdings back to Robinhood to exit the platform. California Attorney General Rob Bonta stated: This settlement should send a strong message: Whether you’re a brick-and-mortar store or a cryptocurrency company, you must adhere to California’s consumer and investor protection laws. The investigation alleged that Robinhood misled customers about its trading practices. The DOJ claims that the platform promoted itself as connecting users to multiple trading venues to ensure competitive pricing, but the DOJ found that this was not consistently accurate.  Additionally, Robinhood claimed that it held all customer-owned cryptocurrencies, failing to disclose instances where third-party trading venues held these assets for extended periods. Robinhood Measures Post-Settlement  As part of the settlement, Robinhood has agreed to several measures aimed at improving transparency and customer trust. Customers will now be permitted to withdraw their cryptocurrency assets to their own wallets. Additionally, Robinhood must ensure that its written communications accurately reflect its actual trading and order handling practices. The company will also provide clear information regarding its custody of cryptocurrencies. Related Reading: XRP Rides High As Major Japanese Exchange Adds SupportDetails Lastly, Robinhood is required to report any incidents that result in settlement delays exceeding one week to the California Department of Justice.  Featured image from DALL-E, chart from TradingView.com

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Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token

The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the worlds first blockchain network.

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How Bybits liquid staking token boosts Solana ecosystem

Bybit launches bbSOL, a liquid staking token on Solana, enabling users to earn staking rewards while maintaining liquidity and maximizing returns.

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Uniswap in Hot Water: CFTC Orders $175k Penalty

In a significant move, the CFTC issued Uniswap an order accusing the DEX of illegally offering leveraged or margined retail commodity transactions in digital assets via a decentralized digital asset trading protocol. The order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act [CEA], […]

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70% of World Liberty Financials Tokens Are Reserved for Insiders: Report

Despite claims of empowering everyday people, World Liberty Financial's draft white paper shows token allocation heavily favors insiders.

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FBI Warns Crypto Firms of Rising North Korean Social Engineering Attacks

North Kor poss rnwd thrt to th cryptocurrncy industry, ccording to rcnt wrning from th US Fdrl Buru of Invstigtion (FBI). On Sptmbr 3rd, th FBI highlightd complx nd lbort socil nginring schms trgting mploys in dcntrlizd finnc (DFi) nd cryptocurrncy compnis. Th dvisory outlins how North Korn cybrcriminls r using thorough tctics […]

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EigenLayer rolls out 'major update' to restaking contracts

The upgrade aims to enhance rewards for restakers. 

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The Rise Of DeFi Blue-Chip Tokens: A Strong Market Presence And Investor Interest

The term “blue-chip,” borrowed from traditional finance, has found its place in the DeFi world, referring to governance tokens of top decentralized finance protocols. These tokens, including UNI, AAVE, COMP, MKR, CRV, SNX, LDO, and DYDX, have established themselves as leaders since their launch during DeFi Summer 2020. Uniswap (UNI) […]

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