Synthetix terminated its proposed $27 million acquisition of crypto options platform Derive due to concerns raised by both the Synthetix and Derive communities regarding the deal’s terms and perceived value.
Tag: Business
Pakistan Establishes Digital Asset Authority to Regulate Cryptocurrency Market
Pakistan’s Ministry of Finance has approved the establishment of the Pakistan Digital Assets Authority (PDAA) to regulate the burgeoning cryptocurrency market, aiming to protect consumers, attract investment, and foster innovation.
Banco Industrial Integrates Blockchain for Cross-Border Payments in Guatemala
Guatemala’s largest bank, Banco Industrial, partners with SukuPay to integrate blockchain technology into its mobile app, Zigi, enabling instant and affordable remittances from the US.
GENIUS Act: US Senate Poised to Legitimizes Stablecoins for Institutional Adoption
The GENIUS Act, designed to regulate stablecoins in the US, has passed the Senate and is now heading to a debate. It sets clear rules for collateralization and AML compliance, potentially leading to wider institutional adoption of stablecoins. Here’s a breakdown of the bill, its implications, and potential impacts on the crypto market.
AI-Powered Tool Achieves 97% Accuracy in Preventing Crypto Address Poisoning Attacks
Trugard and Webacy have launched an AI-driven system that boasts a 97% success rate in detecting and preventing crypto wallet address poisoning attacks. This innovative tool utilizes machine learning and on-chain analytics to protect users from this increasingly common and costly scam.