Lido to Allow NFT unstaking Ethereum withdrawal requests!
The prominent decentralized finance (DeFi) system Lido has revealed that it intends to integrate non-fungible tokens (NFTs) into the process of unstaking. Yesterday, during its Node Operator Community Call #5, the DeFi protocol with the biggest total value provided a hint about its future ambitions. According to Lido (1), users will be given a tradable…
Two separate funding rounds brought in $4.5 million for Irene Zhao’s So-Col
Irene Zhao, a prominent figure in the cryptocurrency space, is credited with launching a new social platform on web3 called So-Col (Social Collectibles), which just announced receiving $4.5 million in fresh funding throughout two rounds. According to statements (1) made by DWF on Tuesday, the web3 investment firm was the sole sponsor of the most…
European Federal Bank Rally Support for Digital Euro
The European Banking Federation (EBF) has just produced a report in which it discusses its perspectives on the digital euro as well as those of the digital money ecosystem in Europe as a whole. The report, published (1) on the 28th of March, examined the digital euro from the perspective of stability and privacy, both…
Kraken and Williams Racing Collab to Increase Web3 Adoption
An announcement was recently made regarding strategic cooperation between the Kraken cryptocurrency exchange and the English Formula One team Williams Racing. As a result of the cooperation, Kraken’s emblem will be displayed on the halo and rear wing of the FW45 race vehicle that Williams Racing will enter in the Formula 1 Rolex Australian Grand…
CZ Junks Several of CFTC Allegations Against Binance
The Chief Executive Officer of Binance, Changpeng ‘CZ’ Zhao, has responded to the complaint lodged against the exchange by the Commodities Futures Trading Commission (CFTC). CZ brought up many points in response to the federal agency’s request for a US injunction against Binance, and these issues are alleged in the lawsuit. CZ further stated that…
Huge! New EU Anti-money Laundering Law Does not Include Crypto!
The European Union (EU) is about to approve a fresh set of anti-money laundering (AML) legislation, which may put some major limits on transactions involving the cryptocurrency market if they are enacted as written. Recent clarifications (1) provided by Damien Carême, a French senator affiliated with the Green party, indicate that the new limits will…
SBF Gets a Dumb Phone and Non-Connected Laptop in new Bail Terms
On Monday, March 27, the attorneys representing Sam Bankman-Fried (SBF), the disgraced founder of FTX, said that they had reached (1) a compromise with the US authorities over the new court orders. This new turn of events occurs as the court has brought up the possibility of SBF being detained in jail pending the trial’s…
We will not see an NFTs from UK Government Anytime Soon
The United Kingdom Treasury Department has disclosed that it would not carry out its initial plans to produce a non-fungible token (NFT). These plans have been in the works for some time. According to a proposal submitted in April 2022 by Rishi Sunak, who was serving as Chancellor of the Exchequer at the time and…
Binance.US Deal of Voyager Digital Halted by Federal Court
The intended sale of Voyager Digital to Binance.US has been put on hold for the time being by Judge Jennifer Rearden, a newly appointed federal judge for the US District Court in the state of New York. According to the ruling that was handed down (1), the previously proposed sale of one billion dollars won’t…
An Exploiter of Euler Finance Has Returned Another ETH and DAI worth $37.1 Million
The cryptocurrency market was jolted earlier this month by a massive hack using decentralized finance (DeFi), which resulted in the hacker’s theft of approximately $200 million by compromising the Euler Finance protocol. But, according to the most recent information (1) available, the hacker has now been releasing portions of the monies. https://twitter.com/dcfgod/status/1640419007823003673 According to data…