Crypto Currency

Sky Protocol Votes to Remove Wrapped Bitcoin as Collateral Amid Custodian Concerns

TLDR: Sky (formerly MakerDAO) voted to remove wrapped Bitcoin (WBTC) as collateral The vote passed with 88% approval Concerns arose due to WBTC custodian BitGo’s partnership with Justin Sun-affiliated BitGlobal Sky will offload WBTC in phases from October 3 to November 28 Other DeFi platforms like Aave are also considering reducing WBTC exposure The decentralized

Published 2 days ago in
Sky Protocol Votes to Remove Wrapped Bitcoin as Collateral Amid Custodian Concerns

TLDR: Sky (formerly MakerDAO) voted to remove wrapped Bitcoin (WBTC) as collateral The vote passed with 88% approval Concerns arose due to WBTC custodian BitGo’s partnership with Justin Sun-affiliated BitGlobal Sky will offload WBTC in phases from October 3 to November 28 Other DeFi platforms like Aave are also considering reducing WBTC exposure The decentralized […]
The post Sky Protocol Votes to Remove Wrapped Bitcoin as Collateral Amid Custodian Concerns appeared first on Blockonomi…
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Crypto Currency

Solana’s Critical Crossroad: Is It Time to Consider Smaller Altcoins?

Solana (SOL), once a standout in the cryptocurrency market, is now navigating a challenging period, raising concerns within the crypto community. Investors are increasingly wary as the token’s performance falters, casting doubt on its once-promising future. Currently, Solana is clinging to its $140 support level, with market movements suggesting uncertainty…

Published 3 hours ago in
Solana’s Critical Crossroad: Is It Time to Consider Smaller Altcoins?

Solana (SOL), once a standout in the cryptocurrency market, is now navigating a challenging period, raising concerns within the crypto community. Investors are increasingly wary as the token’s performance falters, casting doubt on its once-promising future. Currently, Solana is clinging to its $140 support level, with market movements suggesting uncertainty…
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Crypto Currency

Kamala Harris to “Support Policies” Over Emerging Technologies

Reading Time: 2 minutes The Kamala Harris campaign has committed to supporting the cryptocurrency community despite the Democratic Party’s lack of a clear web3 policy Brian Nelson has emphasized Harris’s intention to advocate for policies fostering digital asset growth if elected This commitment has not fully convinced undecided crypto voters seeking more definitive policy structures

Published 3 hours ago in
Kamala Harris to “Support Policies” Over Emerging Technologies

Reading Time: 2 minutes The Kamala Harris campaign has committed to supporting the cryptocurrency community despite the Democratic Party’s lack of a clear web3 policy Brian Nelson has emphasized Harris’s intention to advocate for policies fostering digital asset growth if elected This commitment has not fully convinced undecided crypto voters seeking more definitive policy structures The Kamala Harris campaign has expressed a commitment to supporting the cryptocurrency community…
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Crypto Currency

Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison…

Published 3 hours ago in
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison…
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Crypto Currency

Brazilian Securities Regulator Greenlights Second Solana Spot ETF

The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally…

Published 3 hours ago in
Brazilian Securities Regulator Greenlights Second Solana Spot ETF

The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally…
Read More

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