The complaint filed by the CFTC is unexpected and disappointing as we have been working collaboratively with the CFTC for more than two years. Nevertheless, we intend to continue to collaborate with regulators in the US and around the world. The best path forward is to protect our users and to collaborate with regulators to develop a clear, thoughtful regulatory regime.We have made significant investments over the past two years to ensure we do not have US users active on our platform. During that period, we went from approximately 100 people in our compliance team to around 750 core and suppo

Polygon Labs has recently made a major announcement that is set to impact the Ethereum network’s future positively. The protocol has launched Polygon zero-knowledge proof Ethereum Virtual Machine (zkEVM) on mainnet Beta, a permissionless and public network allowing users to transact and build. According to the announcement, to further support the protocol’s development, Polygon zkEVM is now completely open-source. With this launch, Polygon is allegedly helping to pave the way for the next chapter of Ethereum’s development and offering developers and users a new tool for building decentralized

 Key Points:According to reports, the Euler Finance attacker address transmitted 7,738.05 ETH (about 13.2 million USD) to the Euler deployer address.Since the incident, the attackers have returned more than $138 million in crypto assets.On March 28, the Euler Finance attacker address sent a significant ETH amount to the Euler deployer address.On March 28, 7,738.05 ETH, equivalent to about 13.2 million USD, was transmitted from the Euler Finance attacker address to the Euler deployer address. Another address affiliated with the attacker then sent the same amount to the same deployer account wit

Nasdaq-listed business intelligence firm MicroStrategy has bought an additional 6,455 Bitcoin ($BTC) at an average price of $23,238 per coin over the last five weeks, and has paid off the remaining principal of its $205 million loan from Silvergate Bank with BTC.The loan was taken out last year and, as part of its satisfaction, the business intelligence firm received 34,619 BTC back that were held as collateral. The company’s newly added BTC cost it around $150 million and signals it’s still accumulating the flagship cryptocurrency.The acquisition of more Bitcoin brings MicroStrategy’s total h

The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China, and Shanghai Pudong Development Bank, have reportedly either started offering their services to cryptocurrency businesses based in Hong Kong or reached out to them. The special administrative region has recently emerged as a digital asset hub, attracting numerous industry players to settle in the area. One example is the crypto exchange Huobi Global which is attempting to obtain a trading license there. Hong Kong’s Crypto Push has China’s Backing? A recent Bloomberg

Burger King has taken a step forward in the acceptance of cryptocurrencies for real-world goods and services through an Instapower power bank rental machine that accepts cryptocurrency payments at one of its locations in Paris. The fast-food chain has added the service of leading power bank charging service Instapower, according to a press release, which teamed up with crypto payment providers, Alchemy Pay and Binance Pay, to allow users to pay with cryptocurrency for power bank devices at over 14,000 locations worldwide. Yann Phu, CEO of Flash Development, the distributor responsible for de

Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits. The main aim is to explore “the intersection between fashion and entertainment in the Metaverse,” according to the press release.With the latest move, the Italian high-end luxury fashion house is cementing its place as an early mover in Web3.Gucci-OthersideRobert Triefus – who happens to be Gucci’s senior executive vice president, corporate and brand strategy, and chief executive of Gucci Vault & Metaverse Ventures – hinted at a p

MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to formalize governance processes and help prevent hostile actors from taking over the protocol, according to the official forum page for the proposal.  The Maker Constitution has been approved by Maker Governance.The Endgame Era is upon us.— Maker (@MakerDAO)  March 27, 2023  According to the proposal’s text, a constitution is needed because the Maker Protocol “relies on governance decisions by humans and institutions holding MKR tokens,” which can “ex

 This Tuesday, dYdX announced the launch of its V4 private testnet, a significant step that will see the decentralized exchange (DEX) leave Ethereum. The platform will be fully operational on Cosmos by the end of September.The network enables developer teams to create their own native blockchains based on their preferences by utilizing the Cosmos Software Development Kit (SDK). Despite their differences, each independent Cosmos-based blockchain can communicate with one another.In addition to decentralized spot trading, dYdX allows traders to trade assets on margin. The dYdX private testnet wil

The Peru Blockchain Conference 2023 (#PBCONF23) will take place in Lima at the NOS PUCP Auditorium, located at Av. Camino Real 1075, San Isidro, on Friday, March 28th, and Saturday, March 29th, from 9:00 am to 5:00 pm. This event, considered the most important technology conference in Peru and the Andean region, will cover topics such as Blockchain, Web3, Crypto, DeFi, AI and more. The previous event, the Lima Crypto Capital Conference 2022, was the largest blockchain and cryptocurrency event in Peru. It featured international and local experts, as well as representatives from Web3 companies w