Cryptocurrency Investment Streams, CFTC Polymarket Fines, Uniswap Targets, and much more crypto market news compiled over the past 24 hours.
The U.S. Commodity Futures Trading Commission (CFTC) fined crypto predictor Polymarket $ 1.4 million, ordered various markets to close, and gave users full refunds. The crypto project does not seek to register a Designated Contracts Market (DCM) or a Swap Execution Facility (SEF), two requirements of the Commodity Exchange Act for companies offering binary options in the US, the CFTC said.
The European Securities and Markets Authority (ESMA) invites stakeholders to comment on the use of blockchain technology in the settlement and trading of tokenized securities and whether existing rules need to be changed in order to transfer securities using distributed ledger technology (DLT). be traded to put into effect. The agency’s “DLT pilot project”, which is expected to begin in early 2023, will examine how data stored on blockchains can enable more efficient, secure and cost-effective trading and settlement of securities.
The Uniswap Protocol (UNI) will exceed a cumulative volume of $ 1 million in 2022 with 1-2 million current users, said Hayden Adams, inventor of the protocol. With centralized exchanges now having a user base a hundred times larger, he believes there is “a lot of room for growth”.
According to an online job posting, the Federal Reserve Bank of Boston is looking for a new chief product officer for Project Hamilton, the central bank’s ongoing pilot program for digital currencies (CBDC). The new director will work to develop, manage and test software that will advance the bank’s understanding of digital currencies and continue efforts to build a “digital currency that is believed to be universal”.
The Kosovar Ministry of Economic Affairs said it had decided to ban cryptocurrency mining in the country as part of a series of contingency measures to deal with an ongoing energy crisis. The statement added that all “relevant organizations” should determine the physical locations of cryptocurrency mining activities and prohibit those activities.
Two of the largest publicly traded Bitcoin miners (BTC), Bitfarms and Marathon Digital, generated 3,452 BTC and 3,197 BTC, respectively. Bitfarms’ total holdings grew to over 3,300 BTC valued at $ 151.8 million at current prices at year-end, while Marathon’s holdings grew to 8,133 BTC valued at around $ 375.8 million.
Mining solutions provider Canaan has announced the deployment of an additional 8,000 units of the Avalon Miner in Kazakhstan as part of joint mining operations in the country. They added that a total of 10,300 units from Avalon Miners are fully operational and have started mining bitcoin.
The Tinyman decentralized trading platform was hit by a smart contract mining attack on January 1, causing it to lose more than $ 3 million in funds. “Due to the permissionless nature of the project,” they mention that they cannot impede any type of transaction on the blockchain and that any funds lost after January 4th, 9:00 AM UTC will be the responsibility of users who do not Have released liquidity.
Decentralized Finance Platform (DeFi) Dot Finance has announced the move to Moonbeam’s Parachain smart contract platform and immediate integration into Moonriver, Moonbeam’s Canarian network on Kusama (KSM). The first part of the migration, they added, will be to take over Dot Finance’s profit pooling contracts and align them with Moonriver.
The cryptocurrency data aggregator CoinGecko has published a book entitled “How to NFT” that provides an overview of the asset class of non-fungible tokens (NFT). The book covers topics such as the history of NFTs, how to make, buy and sell them, how to avoid common scams, and what segments the NFT industry covers.
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