Browsing:Market News

The deputy chairman of the Tax Committee of Ukraine
1 year ago 1 min read

Ukraine Embraces EU’s MiCA Regulations to Boost Financial Market Stability

The world’s first major comprehensive crypto regulatory framework, the Markets in Crypto Assets (MiCA) regulations, was recently approved by the European Union Parliament, and Ukraine has wasted no time in announcing plans to adopt the framework. MiCA represents a significant step in integrating crypto assets with the world’s financial system, and Ukraine is poised to become one of the first countries to implement the regulations into national legislation. In a statement on April 20, Yaroslav Zheleznyak, the deputy chairman of the Tax Committee of Ukraine, expressed the intentions of the Eastern European nation to adopt MiCA regulations. As a candidate

Study Finds Over 30% of Crypto Investment Videos on TikTok Are Misleading
1 year ago 1 min read

TikTok Users Beware: Study Finds Over 30% of Crypto Investment Videos are Misleading

A recent study conducted by dappGambl has found that over 30% of TikTok videos on Bitcoin and cryptocurrency investments are misleading. The study analyzed over 1,161 TikTok videos that used the hashtag ‘#cryptok’ to post crypto-related content. The research found that 1 in every 3 videos on crypto TikToks was misleading, with just 1 in 10 videos containing any form of disclaimer to warn users about the risks of investments. Moreover, 47% of TikTok creators were found to be pushing services to make money. Even mainstream influencers, such as Kim Kardashian, Jake Paul, and Soulja Boy, were accused of promoting

Trust Wallet has announced the discovery and resolution of a major vulnerability
1 year ago 1 min read

Trust Wallet Addresses Security Breach: Plans to Reimburse Users Affected by $170,000

Trust Wallet has announced the discovery and resolution of a major vulnerability in its core wallet software library that could have resulted in an estimated loss of around $170,000. The vulnerability impacted wallet addresses on Ethereum and other blockchains generated through the Trust Wallet browser extension between November 14 and November 23, 2022. The issue was caused by a vulnerability in WebAssembly, a computer code format that enables developers to use multiple programming languages to build web applications, including those used in crypto wallets. Trust Wallet’s core software library employed WASM format to facilitate the user creation of their crypto

SEC's Securities Fraud Allegation Against Do Kwon Dismissed by Lawyers
1 year ago 1 min read

Terra Co-Founder’s Lawyers Dismiss SEC’s Securities Fraud Allegation

Do Kwon’s lawyers have reportedly argued in court against the allegations pressed by the US Securities and Exchange Commission (SEC), who had sued Kwon for allegedly defrauding US investors by illegally offering unregistered securities. However, Kwon’s lawyers have asked the judge to dismiss the SEC lawsuit on the grounds that the federal agency’s allegations were unfounded. According to them, US law prohibits regulators from using federal securities law to assert jurisdiction over digital assets in this case. The legal proceedings started when Do Kwon was arrested at Podgorica airport, Montenegro on March 23, while attempting to fly to Dubai using

Gemini, the US-based cryptocurrency exchange
1 year ago 1 min read

Gemini expands its offerings with new crypto derivatives platform for non-US customers

Gemini, the US-based cryptocurrency exchange, is set to launch a new crypto derivatives platform outside of the United States. This move comes amidst the current mass withdrawal of crypto organizations from the US. The new division, Gemini Foundation, will allow eligible users outside the US to trade on both spot and derivatives markets. The first product to be launched on the platform will be a BTC perpetual contract denominated in GUSD, Gemini’s US-dollar-pegged stablecoin. The exchange plans to launch an Ethereum perpetual contract (ETH/GUSD) shortly thereafter. The platform will be available to customers in Singapore, Hong Kong, India, Israel, Thailand,

Bitcoin drops to lowest position in April, while altcoins suffer even more
1 year ago 1 min read

BTC hits a new low for April at $27,000 as altcoins continue to struggle

The world’s most popular cryptocurrency, Bitcoin (BTC), has continued its downward spiral, hitting a 25-day low of $27,000. Other altcoins have fared even worse, with Dogecoin experiencing significant losses, while APT and OKB have experienced the biggest slump among mid-cap altcoins. BTC made a significant jump on April 10, soaring past $30,000 for the first time since June 2020. Later that week, it hit its highest price point at just over $31,000 on April 14. However, the following week was less volatile, with BTC hovering around $30,000. On April 19, things took a turn for the worse, and BTC plummeted

head of the leading crypto exchange Binance
1 year ago 1 min read

Binance CEO CZ Warns Against Investing in Certain Meme Coins

Changpeng Zhao, head of the leading crypto exchange Binance, has taken to Twitter to warn investors against getting into certain meme coins. CZ shared that some Twitter accounts are using the fact that he follows them to launch meme coins and sell them to unsuspecting investors. CZ warns investors not to fall for these cryptocurrencies, which claim to be “supported by CZ.” Meme coins have become increasingly popular over the past few years, with Dogecoin being the most famous example. However, many other meme cryptocurrencies, including Shiba Inu, BabyDoge, and Dogelon Mars, have emerged in recent years. Despite their popularity,

Telegram Wallet Integrates Bitcoin Transactions to Offer More Investment Options for Users
1 year ago 1 min read

Telegram Wallet Integrates Bitcoin Trading Capabilities for Users

Telegram messaging app users can now purchase, withdraw, and exchange Bitcoin (BTC) through the Wallet bot and its associated services. This move, announced on April 21, builds upon Telegram’s existing services related to cryptocurrencies, but it is noteworthy that the Wallet bot was created by a third-party developer using Telegram’s open bot API. The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other. This development is a

BitBoy Crypto
1 year ago 1 min read

BitBoy Crypto Faces Consequences After Missing Court Appearance

Popular cryptocurrency influencer and Youtuber Ben “BitBoy” Armstrong has landed in hot water after refusing to appear for a court hearing regarding his promotion of FTX. Armstrong has been accused of launching a harassment campaign against Adam Moskowitz, a lawyer representing plaintiffs in a lawsuit against multiple Youtubers who promoted the failed cryptocurrency exchange. Following the charges, BitBoy reportedly sent Moskowitz angry emails and called him names on social media. Multiple reports suggest that Judge Melissa Damian was outraged by Armstrong’s absence from the court hearing. Armstrong’s attorney said he could appear before the court in May while attending the

Abu Dhabi Global Market (ADGM) Proposes DLT Legislation Framework: Targeting Disclosure, Governance, and Liquidation Structures The ADGM's Registration Authority is seeking feedback on its proposed "DLT Foundations Regulations 2023," aiming to establish a tailored legislative framework for distributed ledger technology (DLT). This framework will cover matters of service type and governance, including disclosures, liquidation, and reporting measures. Decentralized autonomous organizations (DAO) are among the governance structures that will be addressed in the proposal. The proposed regulations also cover insolvency and liquidation measures, and are of interest to any persons operating or planning DLT projects, engaging in digital asset-related activities, and their legal advisors, as well as DLT industry participants, associations, and stakeholders. The UAE has been working towards establishing regulations that could attract blockchain and crypto firms to the region, with Dubai enacting a crypto regulatory framework earlier this year and the UAE unveiling federal licensing requirements for virtual asset service providers last week. In addition, Abu Dhabi kicked off a $2 billion initiative to support Web3 projects in February.
1 year ago 1 min read

Abu Dhabi Financial Free Zone Unveils Plan for Decentralized Economy Framework

The Abu Dhabi Global Market’s (ADGM) Registration Authority has put forward a proposal for a new legislative framework for distributed ledger technology (DLT). The proposal targets disclosures, liquidation, and governance structures, aiming to establish a tailored legislative framework that considers the features of foundations that might be attractive to developers of DLT projects. These include decentralized autonomous organizations (DAO), a favored governance structure for decentralized initiatives. The ADGM is an international finance center within the UAE and has a bespoke licensing regime for virtual asset service providers. While the authority is not the ADGM’s financial watchdog, the proposal is limited

MICA Gets Green Light: EU Approves New Law for Crypto Markets
1 year ago 1 min read

EU Passes Markets in Crypto-Assets Act (MICA) to Regulate Digital Assets

The European Union (EU) has taken a significant step towards establishing a standardized regulatory infrastructure for cryptocurrencies with the adoption of the Markets in Crypto-Assets Act (MiCA). This Act will work towards eradicating uncertainties for investors and institutions by setting a standard set of regulations for cryptocurrency assets across the EU. The legislation, however, still needs approval from the European Council before it can become standard regulation. Following the vote, Stefan Verger, a member of the European Parliament, tweeted that the adoption of the regulation was a significant milestone for the crypto asset industry. He thanked his colleagues and the

Magi Rollup Client from a16z to Streamline Optimism Scaling on Ethereum
1 year ago 1 min read

a16z Launches Magi, a Rollup Client for Optimism Scaling Solution

On April 19, venture capital (VC) giant a16z announced Magi, a new rollup client for the Ethereum layer-2 ecosystem, Optimism. This move is an effort to increase client diversity in the rapidly expanding layer-2 ecosystem, which is critical for the safety and liveliness of the network. Magi is an OP Stack rollup client developed in Rust programming language, which will function as a consensus client for advancing the chain. The new software is set to replace op-node, the only existing rollup client implementation. The goal of the release is to encourage greater safety and liveliness throughout the OP Stack while

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus