Ethereum Name Service(ENS)

While three American citizens brought in the case, the lawsuit alleges that “millions” of people could be eligible for damages.

FTX Europe opens withdrawal for European customers, a petition seeks to halt AI development, and Binance is sued by U.S. authorities.

The license expiration marks a significant event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).

The Arbitrum Foundation would get to side step community governance when issuing “special grants.”

Blur’s impressive rise to dominance has changed the dynamics of the space, threatening the market share of the once-undisputed leader, OpenSea.

Small Bitcoin holders have grown steadily over time at the expense of whales – especially after the collapse of FTX.

Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs.

The EU Data Act has been criticized for its “one size fits all” approach. It also included a proposal to introduce a kill switch and pause functionality. However, while such a step could protect users, it could also hinder innovation. The Dusk Network can make it easier to comply with the act by leveraging selective disclosure and minimizing the exposure of sensitive information. The Rationale For A Kill Switch The EU has stated its rationale behind implementing a kill switch and pause functionality is to protect users from potential risks that could arise through smart contracts. It specifically outlined the risks in the context of the Internet of Things (IoT). While the act does not explicitly mention blockchain-based smart contracts, there needs to be more clarity around the legislation, which has raised significant concerns within the blockchain industry. While the growth and adoption of blockchain technology continue, it also increases the potential for risk. Introducing a kill switch is the EU’s way of mitigating any risk that could arise from a catastrophic failure within the financial system. The kill switch and pause mechanism gives the EU the ability to maintain a level of trust and security. It also ensures that the integration of blockchain-based smart contracts with the traditional financial system does not jeopardize the stability of the financial system. However, there is a need to strike a balance between regulation and innovation, not to stifle blockchain’s potential. Control Over Kill Switches? There is another point of concern that has arisen, that of who would have control over the kill switches and pause functionality. This dilemma has raised concerns about centralization and trust. There are three primary options for controlling the kill switch and pause mechanism. The first is single-user control. The second option is multi-sig control, while the third option is a decentralized autonomous organization (DAO). The single-user control means one entity will have the authority to activate the kill switch or pause functionality. While this option may be the fastest in the case of an emergency, it leads to the centralization of power and raises concerns about malicious actors and trust. Additionally, a single user may also lack the expertise needed to make optimum choices, leading to undesired outcomes. The multisig approach distributes decision-making power because it requires multiple users to authorize the kill switch or pause functionality, where a majority of users must approve the action in question. The multisig approach reduces the risk of errors and enhances trust, as no single user controls the system. However, the downside is that such an approach would be slower as multiple parties are involved. The third approach is the use of Decentralized Autonomous Organizations. This involves a significantly decentralized approach where all decisions are made by stakeholders that vote on proposals using predefined governance mechanisms. However, out of the three approaches, this approach has the slowest execution speed because the voting process is time-consuming and requires broad consensus. An Alternative Approach? Critics contend that the introduction of a kill switch and pause functionality could impede smart contracts and introduce friction. However, there are alternatives that rely on greater social consensus. Such alternatives see the control over smart contracts distributed amongst various stakeholders. Such an approach could maintain the decentralized nature of blockchain technology and enhance trust. Alternatively, zero-knowledge proof-enabled and regulated DeFi infrastructures such as the Dusk Network can help in achieving compliance with the Data Act. This can be done through selective disclosure, which minimizes the exposure of sensitive information by allowing only authorized parties access to data. As such, Dusk Network can help ensure that sensitive data is protected and any off-chain modifications are legitimate. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Gary Gensler, the Securities and Exchange Commission (SEC) Chair, is pushing for additional funding to increase oversight, especially in the cryptocurrency sector. On Wednesday, Gensler told the House sub-committee on financial services that he supports President Joe Biden’s $2.4 billion funding allocation to the agency for the fiscal year 2024 to create additional 170 positions. […]

In his testimony, on March 28, 2023, before the Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies Committee on Appropriations, at the U.S. House of Representatives, the Commodity Futures Trading Commission (CFTC) Chairman, Rostin Behnam said that the agency’s jurisdiction is limited to its fraud and manipulation enforcement authority as it […]

The project has marketed Sango Coin to interested parties by offering pathways to CAR citizenship through investments.

The Ripple boss believes crypto should be regulated by legislation and not from the SEC's perspective.

The top 100 DeFi tokens had a mixed week, with little changes and a majority of the tokens trading in green.

Synthetix generated more than $730K in fees on March 30 ahead of the start of its allocation of 200,000 OP tokens to traders.

Artificial intelligence is going to be a key component in cracking down on the growing number of counterfeit non-fungible tokens (NFTs).

As the crypto market witnesses intriguing developments, on-chain metrics reveal that Bitcoin (BTC) and Ethereum (ETH) are currently trading at discounted prices due to increased network activity. Meanwhile, Orbeon Protocol (ORBN), an innovative crowdfunding platform, is making headlines as it experiences remarkable demand as well as witnessing an astounding 2713% price surge during its presale phase. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Orbeon Protocol (ORBN) is a pioneering platform that is reshaping the crowdfunding landscape by linking visionary startups with enthusiastic investors seeking unique opportunities. By transforming equity into fractionalized NFTs, Orbeon Protocol (ORBN) democratizes access to investment opportunities, enabling participation with as little as $1. As such, Orbeon Protocol (ORBN) empowers individuals from all walks of life to be part of the growth of promising ventures. Harnessing the capabilities of smart contracts, Orbeon Protocol (ORBN) simplifies the investment journey, guaranteeing secure and transparent transactions with minimal manual intervention. This results in an effortless and efficient experience for both startups and investors through Orbeon Protocol (ORBN). By holding ORBN tokens, investors unlock a range of benefits, such as preferential access to up-and-coming projects, staking rewards and additional incentives designed to foster engagement within the Orbeon Protocol (ORBN) community. As the Orbeon Protocol (ORBN) presale enters its final twelfth stage with an impressive $0.1125 token price, the potential for significant growth of 6,000% in the ORBN token's value by the end of 2023 is substantial. This positions Orbeon Protocol (ORBN) as an enticing choice for investors seeking to diversify their long-term crypto portfolios with a cutting-edge offering. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Crypto hardware company Ledger has secured &euro;100 million ($109 million) funding in its latest funding round at the $1.4 billion valuation for the company. Successful Closure Of Series C Extension Hardware wallet manufacturer Ledger has conducted late-stage funding in its Series C round to raise over $100 million. The company had maintained its $1.4 billion valuation from its last funding round in June 2021, when it raised around $380 million. According to reports, the company will conduct two more rounds in 2023. On March 30th, the team announced the successful closure of its Series C extension fundraising, which will be used to optimize and expand its wallet production. The team tweeted, &ldquo;Ledger is proud to announce our Series C extension fundraising round. We continue our mission of bringing ease-of-use and uncompromised security to your digital value.&rdquo; Some of the leading institutional investors contributing to this funding are Morgan Creek, Cit&eacute; Gestion SPV, Digital Finance Group, VaynerFund, True Global Ventures, and 10T. Ledger Thriving Amidst Market Troubles The company is behind the uber-popular hardware wallets like the Nano S and Nano X. Despite regulatory concerns plaguing the industry, the company&rsquo;s continued success indicates that digital security is still a profitable niche in the market. The crypto-security firm had previously launched the Ledger Stax hardware wallet in the middle of the FTX controversy with much success. Today, Ledger hardware wallets protect 20% of all the cryptocurrency in the world. New Generation Of Hardware In an accompanying blog post published by the company, CEO and Chairman Pascal Gauthier wrote about Ledger&rsquo;s plan forward. &ldquo;Within the next five to ten years, my conviction is that the rise of the Internet of Value will reshape how billions of people own and manage their assets, redefining how we interact with the Internet, the role of intermediaries, the global economy, and every industry.&rdquo; He talks about introducing a new generation of hardware that would encompass even smartphones and laptops. Gauthier indicated that the company would be using the funds from the latest round to enhance the Ledger software experience. He plans to integrate more cryptocurrencies, blockchains, services, and features into Ledger Live. CEO&rsquo;s Plans For Ledger Enterprise Gauthier also addresses the business side of affairs. The company&rsquo;s B2B division, Ledger Enterprise, will be working on empowering more corporations to use the proper governance and security frameworks in their digital initiatives. He writes, &ldquo;As the Internet of Value gradually goes mainstream, our Ledger devices will allow you to manage an ever-expanding range of tokenized assets, including your value, identity, data, stocks, and much more, enabling you to connect with complete ownership.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto markets have been steady in recent weeks, but not all tokens have been that lucky. Recent developments have put Tron (TRX) and Hedera (HBAR) in the red. On the other hand, experts believe that Collateral Network (COLT) could surpass these two tokens in the future. COLT is currently in its presale phase, likely to […]

Low-budget Argentinian carrier, Flybondi has started issuing all its flight tickets as NFTs on the Algorand blockchain. NFTs For All Flybondi Flyers Along with other industries, Web3 is hitting the skies too. Argentinian airlines Flybondi has partnered with NFT ticketing company TravelX to integrate Web3 into its ticketing process in its latest Ticket 3.0 initiative. All Flybondi e-tickets are now issued as non-fungible tokens, and passengers will be able to own, trade, or sell them as NFTs on the Algorand blockchain. Staci Warden, CEO of Algorand Foundation, commented on the partnership with TravelX and Flybondi, "We are thrilled to see our technology being utilized in such a unique way by TravelX. This likely represents the largest use-case of utility NFTs we've seen and something that could only happen with the reliability and scalability of the Algorand blockchain." Australian airlines Qantas had also launched its own NFT project back in 2022. TravelX And NFTickets TravelX is one of the few companies offering NFT ticketing services. The company had previously worked with the Spanish airline Air Europa in 2022 on a special NFT ticket project. Plus, the service has also been integrated into the trading platform of the LatAm crypto exchange Lemon to allow customers to buy and sell airline tickets. TravelX CEO commented on the partnership with Flybondi, saying, "Our partnership with Flybondi and the integration of our NFTicket technology on the Algorand blockchain exemplify the enormous potential for innovation within the travel industry. We're eager to continue driving this transformation alongside the other airlines worldwide we are already working with." Buy Tickets For Trading Colloquially dubbed NFTickets, these tokens were created by the airlines to offer flyers a more flexible flying experience. Since these are NFTs, buyers could purchase them in advance without solid travel plans or even passenger names. They would have the power to transfer the tickets as and when they please and, as a result, earn their own profits. In return, the airline will be able to save on customer service costs and earn its own revenue from a percentage of the trading fees. The transaction fee amounts to 2% to TravelX and another 2% to the airline when the NFTicket is traded on the secondary market. There are no charges on the initial purchase of the ticket. Flybondi CEO Mauricio Sana spoke about the initiative in a recent press release, "With this launch, we seek to generate a positive impact in the aviation industry through innovation and an application of blockchain technology. Changing the rules of the game is never easy, but we know that it is our objective to evolve and offer our passengers a new stage of the freedom to fly." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

For a long time, Cardano’s ADA seemed to be a coin of potential only, but now that Cardano can actually build stuff, things have changed.  At first Decentraland’s MANA seemed like a far off play and whilst the full actualisation of the metaverse may take time, it’s now possible to “Create, explore and trade in […]

In an interview ahead of Consensus the mononymed podcaster discusses how he built the foundation to collaboratively build a Web3 media empire.

The chief executive of Ripple Labs, Brad Garlinghouse, has requested that U.S. lawmakers swiftly address recent comments made by SEC chair Gary Gensler, who indicated that rules for the crypto market already exist — and no new rules need to be written.

Crypto exchange Kraken has demonstrated its commitment to Canada's financial sector by signing a pre-registration undertaking (PRU) with the Ontario Securities Commission.Such a decision signifies the exchange's adherence to the stringent investor protection rules, which were amended by the Canadian Securities Administrators (CSA) in February. While these tighter regulations prompted some major exchanges, such as OKX and Blockchain.com, to exit Canada, others like Coinbase and Kraken have chosen to stay. Kraken COO and soon-to-be CEO David Ripley stated: "Canada as a geography is critical to our mission to empower people with new ways to connect and transact." Having operated in Canada for over a decade, Kraken's commitment to the country is set to continue despite the increased regulatory scrutiny. In the meantime, Kraken also recently implemented a pause for ACH settlements. Notably, Kraken recently made headlines when it was fined $30 million by the United States' Security and Exchanges Commission (SEC) and agreed to halt its staking operations as part of the settlement. This followed Kraken's refusal to register with the SEC in September, with Ripley asserting that the exchange had no plans to register since it did not trade securities. It was during this same period that Kraken's ex-CEO stepped down. This position contradicts SEC Commissioner Gary Gensler's insistence that all crypto assets, barring Bitcoin, are securities. In this sense, Gensler reveals himself to be a Bitcoin maximalist, but also represents a restricted view of the crypto space as an evolving, global ecosystem. Gensler has faced substantial criticism for the SEC's aggressive enforcement actions, rather than providing guidance to the rapidly growing crypto sector. In contrast, Canada appears to offer a more supportive environment for crypto platforms, with its clear guidelines and expectations for both exchanges and investors. Meanwhile, Gensler has been summoned to appear before the United States Congress' House Financial Services Committee (HFSC) on April 18 to defend the SEC's actions against the crypto sector. HFSC Chairman Patrick McHenry has questioned Gensler's approach to "rulemaking" and "digital assets." The outcome of this appearance will undoubtedly have significant implications for the crypto industry, particularly in the US. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns, including actions against the decentralized exchange (DEX) he manages, have intensified.Grey spoke about his feelings towards U.S. regulators and the industry during a recent ask-me-anything call on Discord. Grey shares: "It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now. Look at what's going on on the regulatory side of things. Like this morning, Senator [Elizabeth] Warren [was] stating she's putting together an anti-crypto army to regulate the space into obedience." Grey's comments come after he disclosed that the U.S. Securities and Exchange Commission (SEC) served him and Sushi DAO with a subpoena, signaling the potential for a prolonged and costly legal battle with regulators seeking stricter oversight over crypto firms. Unlike centralized exchanges such as Coinbase or Binance, Sushi Swap operates via smart contracts on the Ethereum blockchain as a DEX, managed day-to-day by Grey and governed by token holders who vote on proposals. Anticipating the legal battle, Grey recently proposed allocating $4 million of the protocol's treasury funds to a "Sushi DAO Legal Defense Fund." The fund, nearly equal to the DAO's annual operating expenses, has faced significant backlash on community Discord channels and became a focal point during the call. Although attendees of the community call requested further information about the subpoena, Grey declined to provide more details, citing legal advice. Despite the controversy surrounding the legal defense fund, Grey's responses appeared to satisfy the call participants, who remained silent on the matter. "I've been advised by legal not to talk about subpoena in detail," Grey said. "Just to say, 'Hey, you know, we've received one [and] we're cooperating with it,' and kind of leave it at that for now." However, the legal defense fund proposal has sparked debate on the DAO's governance proposal forum, with some community members demanding transparency about the subpoena and others calling for Grey's resignation. Roughly a third of poll respondents in the forum have voted against the fund so far. This controversy emerges as Sushi Swap grapples with ongoing financial challenges. In December 2022, the protocol reduced its annual runway requirement from $9 million to $5 million, and Grey revealed that Sushi Swap had less than 18 months of runway left in its treasury. Grey acknowledged these financial issues during the call, stating, "All that we're doing now is just like to stem the bleeding that kind of has been occurring." The recent SEC investigations have taken its toll on the protocol's native token, which has dropped 12% since the announcement of the subpoena. As regulatory scrutiny continues to intensify, the crypto community will undoubtedly keep a close watch on the unfolding situation and its potential impact on the industry at large.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.