Author: Top Rated Cryptos

The Uniswap Foundation Announces $62.37 Million Fund Allocation Proposal Key Points: The Uniswap Foundation has unveiled a proposal for a $62.37 million fund allocation. An on-chain vote is scheduled on Oct. 4 to determine the outcome of the proposal. This fund allocation aims to support the growth and development of the Uniswap ecosystem. The proposed funds will be used for various initiatives, including grants, community development, and partnership support. Uniswap’s decision-making process emphasizes decentralization, empowering the community to actively participate in governance decisions. The Details: The Uniswap Foundation, one of the leading decentralized exchanges in the cryptocurrency industry, has recently…

Gemini Trust Co. Withdraws $282 Million from Genesis Global Holdco Before Bankruptcy Key Points: Gemini Trust Co. withdraws a substantial amount of funds from Genesis Global Holdco LLC before its bankruptcy announcement. Genesis Global Holdco LLC, a crypto lending firm, filed for Chapter 11 bankruptcy protection in April 2022. The withdrawal of $282 million by Gemini Trust Co. raises questions about the financial stability of Genesis Global Holdco. Genesis Global Holdco faced challenges due to the volatility in the cryptocurrency market and regulatory uncertainties. Gemini Trust Co. is a leading cryptocurrency exchange founded by the Winklevoss twins. In a surprising…

Bitcoin Alpha Competition: Finalists Compete for $1 Million in Seed Funding Introduction Three fund managers have made it to the final stage of the Bitcoin Alpha Competition, vying for the chance to win $1 million in seed funding for their Bitcoin fund. The winner, who will be announced at the Bitcoin Amsterdam Conference, will also receive the necessary operational infrastructure to launch and run their fund strategy. Samara Alpha Management, in partnership with Bitcoin Magazine PRO, reviewed over 150 applications from traditional finance and digital asset fund managers to select the final three contenders: Andrey Aakelyan (Theta Digital), Jaron Abbott…

Everlodge Revolutionizing Real Estate Ownership with ELDG Token Key Points: Everlodge announces plans to reshape real estate ownership through blockchain technology. ELDG token has started its presale and has garnered significant interest from investors. Notable investors from Polkadot and Cardano communities have shown support for Everlodge’s vision. Platform for Disrupting Real Estate Industry Everlodge, a leading real estate technology company, has recently unveiled its ambitious plan to disrupt traditional real estate ownership using blockchain technology. With its innovative approach, Everlodge aims to democratize access to real estate assets and create a more efficient and transparent marketplace for investors. The rapidly…

Kraken to Launch Stocks and ETF Trading Platform with Kraken Securities Key Points: Kraken, a leading cryptocurrency exchange, is set to expand its services by launching a dedicated stocks and exchange-traded funds (ETF) trading platform. The new platform will be operated by Kraken Securities, a subsidiary division created specifically for this purpose. This move will allow Kraken to provide a wider range of investment options to its customers, catering to both crypto enthusiasts and traditional investors. By incorporating stocks and ETFs into its offerings, Kraken aims to become a comprehensive financial services provider. Customers will have the convenience of accessing…

The Governor of Banco Central do Brasil Plans to Tighten Crypto Regulations Key Points: The governor of Banco Central do Brasil is taking steps to tighten cryptocurrency regulations. The decision comes as a response to the increasing popularity and adoption of cryptocurrencies in the country. The central bank aims to address potential risks associated with cryptocurrencies and ensure the stability of the financial system. The new regulations will require cryptocurrency exchanges and companies to comply with strict anti-money laundering (AML) and know your customer (KYC) policies. Brazil intends to establish a regulatory framework that balances innovation and investor protection to…

The Crypto Industry Faces Increasing Losses in Q3 2023 Key Points: In Q3 2023, the crypto industry experienced significant losses totaling $889.3 million due to hacking incidents, scams, and rug pulls. These losses surpassed the cumulative losses recorded in the first half of the year. Hackers are becoming more sophisticated, employing advanced techniques to target vulnerable crypto projects and investors. The surge in losses highlights the need for enhanced security measures and stricter regulations within the crypto industry. Investors and users must remain vigilant and exercise caution when engaging with cryptocurrencies. The crypto industry has faced several challenges in Q3…

PancakeSwap v3 Deploys on opBNB, Boosting BNB Chain with Layer-2 Scalability Key Points: PancakeSwap, a popular decentralized exchange (DEX), has successfully deployed its version 3 on opBNB. opBNB serves as a layer-2 scaling solution for the BNB Chain, enhancing its capacity and processing speed. The integration of PancakeSwap v3 with opBNB allows for faster, cheaper, and more efficient decentralized trading. Users can now enjoy improved liquidity and reduced transaction costs on the PancakeSwap platform. opBNB’s layer-2 technology aids in alleviating congestion on the BNB Chain, enhancing overall scalability. Cryptocurrency enthusiasts and traders have a reason to celebrate as PancakeSwap, one…

US SEC Could Approve Ethereum Futures ETFs Next Week, Predict Bloomberg Analysts Key Points: The US Securities and Exchange Commission (SEC) is considering the approval of Ethereum futures exchange-traded funds (ETFs). Bloomberg analysts suggest that the SEC might give a green light to multiple Ethereum futures ETFs by next week. Approval of Ethereum ETFs would open doors for more institutional investors to enter the cryptocurrency market. The US SEC, the regulatory agency responsible for overseeing securities markets, is reportedly in the process of evaluating the potential approval of Ethereum futures exchange-traded funds (ETFs), as per analysis provided by Bloomberg. According…

Security Engineer Detained at Airport After Crypto Scam Investigation Key Points: Sam Curry, a security engineer at Yuga Labs, was detained at a U.S. airport. The detention occurred after Curry’s previous attempt to investigate a crypto scam. Curry’s intention was to protect potential victims and gather evidence against the scammers. He was subjected to questioning and had his electronic devices confiscated. The incident raises concerns about the treatment of individuals involved in crypto investigations. A security engineer at Yuga Labs, Sam Curry, recently found himself detained at a U.S. airport following his previous attempt to investigate a crypto scam. The…