Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi). According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet it stems…
What is KYC and how does it work? KYC, which stands for “Know Your Customer,” is a due diligence and security process implemented by financial institutions to verify the identity of their clients and determine the potential risks of illegal activities such as money laundering and terrorism financing. By helping protect companies from doing business…
Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds. According to a Reuters report on April 4, Cboe submitted a 19b-4 form requesting the green light to add an ETF share class to existing mutual funds, allowing…
Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions. The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production. Starkscan shows a gap between the creation of blocks 630028 and 630029 on April 4, while Starknet’s status page did not reflect any outages on the network on…
As the trial between Terraform Labs and the United States Securities and Exchange Commission (SEC) approaches the finish line, attorneys alleged the crypto firm made several false claims regarding the platform to investors. According to an April 5 Reuters report, SEC lawyers said in U.S. District Court for the Southern District of New York that Terraform’s story…
Web3 gaming needs more player-centric projects with smooth onboarding to bolster mainstream adoption, according to Herbert Sim, chief operating officer of the hybrid cryptocurrency exchange Websea. He told Cointelegraph in an exclusive interview: “GameFi projects need to put players at the forefront. At Websea Labs, we’re looking at projects enhancing user experience and gameplay, with…