Uniswap Labs CEO Denies Protocol Deployment Extortion Claims
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote. He added that deployments are prioritized based on the activity and effort involved, but efforts … Read more
AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month. … Read more
Bitcoin reclaims $60K and ‘this time is different,’ says analyst
Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin. Go to Source
CFTC Teams up With SEC to Fight Cryptocurrency Scams
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency … Read more
Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive solution to UAE digital asset companies. The launch of this insurance … Read more
Tether onboards head of government affairs from PayPal
Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether. Go to Source
Crypto may swing election in battleground states — law professor
According to a 2024 analysis by the Federal Reserve, 7% of adults in the United States currently hold or have used crypto in the past. Go to Source
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According … Read more
Crypto Biz: Crypto fever hits wealth managers
This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more. Go to Source
