CEX.IO, a popular crypto exchange company, announced today it will now be offering users the option to link existing PayPal accounts to their CEX.IO Wallet. Forthwith, CEX.IO users with existing PayPal accounts have the ability to add funds to their CEX.IO wallet, enabling the purchase of cryptocurrencies. Established in 2013, CEX.IO is an ecosystem that includes…
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Archie Comics is one of the first major comic book companies to launch its characters into Web3, and its inaugural NFT collection is inspired by The Chilling Adventures of Sabrina.
Uniswap’s governance token UNI has been trending to the downside following the general sentiment in the market. The token records a 2% loss during the last day as two major events take UNI holders’ attention and could suggest more downside price action for the short term. Related Reading | Uniswap Registers Yearly Low: Vital Trading Levels To Follow At the of writing, UNI trades at $9.4 with a 6% loss in the past 7-days. Yesterday, news broke about a class action lawsuit against this decentralized exchange (DEX) developer Uniswap Labs, its inventor Hayden Adams, and other major investors in the project. Filed as a class action in the Southern District of New York with Nessa Risley representing the plaintiffs. These people are suing Uniswap Labs and others claiming that they have “unlawfully promoted, offer, and sold unregistered securities” on the DEX. In addition, they claim that Uniswap’s lack of a Know Your Customer (KYC) policy has enabled alleged cases of fraud without the DEX taking measures to prevent these supposed activities. Furthermore, the plaintiff claims the DEX and the defenders have benefited from “undisclosed fees” collected on “every transaction” executed with the platform in an alleged violation of the U.S. Securities laws, according to the document. The plaintiffs also accused the platform of selling scam tokens. These include Rocket Bunny, BoomBaby.io, Matrix Samurai, EthereumMax, and others. The plaintiffs claimed these tokens failed to file a registration with the U.S. Securities and Exchange Commission (SEC). Uniswap is a decentralized exchange running on Ethereum and operating under a governance model controlled by UNI holders. Unlike centralized exchange it is permissionless, and its smart contracts respond to no centralized authorities for the benefit or detriment of any party. According to the document filed with the court, Risley and the other plaintiffs were not familiar with Uniswap. At least, the document suggests they have little experience trading on the platform before incurring alleged “substantial losses” which led to their lawsuit. Uniswap lawsuit has me rolling. She needed consistent disclosures to figure out that “Rocket Bunny Token” and “BoomBaby” and “Matrix Samurai” were not legitimate, sensible investments. 💀💀💀 pic.twitter.com/N1qq8uoZnz — Cobie (@cobie) April 14, 2022 Uniswap Releases New Product Less than 24 hours after the class action was filed, Uniswap Labs launch a Swap Widget feature to allow users to “seamlessly swap tokens anywhere across the web”. The dApp is accessible via certain platforms, such as Open Sea and Oasis. 1/✨ Today, we're excited to announce the launch of the Swap Widget which allows users to seamlessly swap tokens anywhere across the web 🙌 Find the Widget already on your favorite apps like @opensea, @FWBtweets, & @oasisdotapp pic.twitter.com/SzQ95t5sEs — Uniswap Labs 🦄 (@Uniswap) April 14, 2022 The product is part of an Uniswap expansion initiative which is aim at providing “everyone” with access to “fair, open, and transparent markets”. The Widget is supposed to be easy to integrate by developers as it would only require “one line of code”. Related Reading | Ethereum At $3028, Where Is The Next Critical Support Level For ETH? The Uniswap community has positively reacted to the announcement. However, the DEX’s native token has trended to the downside, likely due to its correlation with Bitcoin and other larger cryptocurrencies.
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that […]
After reading several articals I think that Ethereum has been adopted by the crypto community and industry as the chain of choice for most blockchain-based decentralized apps" (DApps). I believe that Ethereum and its compatible networks clearly outweigh all others in terms of the number of DAOs. According to Snapshot, a blockchain voting platform, there…
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Coinweb, a layer-2 (L2) cross-computation platform, today announced that it has acquired FINTRAC-registered OnRamp Technologies, a payment company with Money Services Business consents (MSB) providing users access to fiat rails for projects being built on top of the Coinweb platform within Canada. This license allows Coinweb to provide its services to customers in Canada for…
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BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended.
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