Uniswap Foundation Reveals Unaudited Summary Financials As Vote for New Fee Mechanism Approaches

May 27, 2024 The Daily Hodl

Altcoins

The foundation behind crypto’s leading decentralized exchange (DEX) is disclosing its crypto assets as a governance vote for a new fee mechanism approaches. In a new blog post, the Uniswap Foundation has shared its 2024 first-quarter financials in a show of transparency with the Uniswap (UNI) token-holding community. “On March 31, 2024 we had $41.41 million […]

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Russia using Bitcoin, USDt for oil trades with China and India: Report

Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi

May 21, 2024 Coin Telegraph

Business

The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.

Uniswap Labs, the developer behind the decentralized exchange of the same name, has responded to the United States Securities and Exchange Commission (SEC) issuing a Wells notice to the firm, suggesting a potential enforcement action.

In a May 21 blog post, Uniswap claimed the SEC had made “weak” legal arguments in issuing a Wells notice to the exchange and vowed it was “ready to fight” the matter in court if necessary. The company said its lawyers had successfully represented firms, including Grayscale and Ripple, against the financial regulator. Chief Legal Officer Marvin Ammori claimed that the SEC’s case was “weak and wrong” based on treating all tokens as securities under its purview.

“The SEC should not devote its taxpayer-funded resources to bringing a case against us,” said Uniswap. “But we’re prepared to fight.”

Russia using Bitcoin, USDt for oil trades with China and India: Report

Antonio Juliano steps down as CEO of dYdX

May 13, 2024 Coin Telegraph

Coin Telegraph

The decentralized exchange is now led by Ivo Crnkovic-Rubsamen, a former trader and dYdX chief strategy officer.

The founder of the decentralized exchange dYdX is stepping down as CEO after seven years of heading the crypto derivatives platform.

In a May 13 blog post, Antonio Juliano announced his decision to move from the exchange's daily operations to the position of chairman and president. "I’m stepping down as CEO of dYdX Trading In., transitioning to Chairman & President," wrote Juliano.

The company is now led by Ivo Crnkovic-Rubsamen, dYdX’s former chief strategy officer. According to his LinkedIn profile, Crnkovic-Rubsamen is a former trader who has worked at the decentralized exchange since 2022.

Russia using Bitcoin, USDt for oil trades with China and India: Report

DeFi bull market confounds expectations with RWAs and ‘recursive airdrops’

April 25, 2024 Coin Telegraph

Coin Telegraph

Industry figures assess the state of decentralized finance in 2024 and whether it is developing as expected.

It may only be April, but it has already been a fairly eventful year for crypto.

In January, the United Securities and Exchange Commission (SEC) begrudgingly approved spot Bitcoin (BTC) exchange-traded funds (ETFs), while the fourth Bitcoin halving event has dominated the news more recently.

In non-Bitcoin news, Ethereum launched its Dencun upgrade in March, improving its integration with layer-2 blockchains.

Russia using Bitcoin, USDt for oil trades with China and India: Report

SEC targets Uniswap Labs, raising concerns over open-source code liability

April 24, 2024 Coin Telegraph

Coding

SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?

On April 10, Uniswap Labs received a Wells notice — a letter informing a company or individual that the United States Securities and Exchange Commission is planning to bring an enforcement action against them.

Uniswap Labs is the eponymous developer of the software on which Uniswap — a widely used decentralized cryptocurrency exchange (DEX) — facilitates trading.

The Wells notice follows a reported SEC investigation in which it was allegedly seeking information about Uniswap’s marketing and investor services.

Russia using Bitcoin, USDt for oil trades with China and India: Report

Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges

April 14, 2024 Bitcoin.com

bitcoin.com

A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered the ex-engineer to forfeit roughly $12.3 million. Ex-Engineer Sentenced to Three Years […]

Russia using Bitcoin, USDt for oil trades with China and India: Report

PancakeSwap enables limit orders through Orbs partnership

April 11, 2024 The Crypto Briefing

Crypto Briefing

PancakeSwap's integration of Orbs' dLIMIT and dTWAP protocols enhances trading options for users on its multi-chain DEX platform.

Russia using Bitcoin, USDt for oil trades with China and India: Report

Uniswap Labs Receives SEC Wells Notice, Founder Vows to Fight

April 10, 2024 Bitcoin.com

bitcoin.com

In a recent social media post, Hayden Adams, the founder of Uniswap Labs, announced that the company has received a Wells notice from the Securities and Exchange Commission (SEC), expressing his disappointment and determination to contest the notice. SEC Sends Decentralized Exchange Uniswap a Wells Notice Hayden Adams, the founder behind the decentralized finance (defi) […]

Russia using Bitcoin, USDt for oil trades with China and India: Report

1inch Announces Partnership With Mastercard for New Crypto-Fiat Debit Card

April 9, 2024 The Daily Hodl

1inch

Prominent decentralized exchange (DEX) aggregator 1inch is announcing a major partnership with payments giant Mastercard to create a debit card that will allow consumers to make purchases with either crypto or fiat funds. 1inch (1INCH) is announcing the launch of a partnership with Mastercard and Crypto Life to create a web3 debit card. According to […]

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Decentralized Exchange