Stablecoins, a type of cryptocurrency designed to maintain a steady value by linking it to a reserve of assets such as fiat currency or commodities, have received a lot of interest and adoption in recent years. They promise the best of both worlds: digital currency efficiency and traditional currency stability. However, the stability of stablecoins, […]
Tag: STO
Primex, the Protocol for Spot Margin Trading on DEXs, Launches its Mainnet Beta
Non-custodial protocol for spot margin trading Primex Finance announces the launch of its long-awaited mainnet Beta. Representing a significant milestone for the protocol, the latest version has been deployed on Polygon’s PoS chain. Consequently, traders can utilize the Primex app and access spot margin trading on the Uniswap, Balancer, Curve, Sushiswap, Quickswap, and Meshswap DEXs. […]
Could Bitcoin Be Gearing Up for a Year End Bull Run?
As the year comes to an end, cryptocurrency enthusiasts and investors are focusing on Bitcoin, the world’s most renowned digital asset. Bitcoin has a history of generating big year-end rallies, prompting the moniker “Santa Claus rally” to be coined in the crypto community. With a variety of factors at play, including macroeconomic conditions and institutional […]
Primex, the Protocol for Spot Margin Trading on DEXs, Launches its Mainnet Beta
New York, USA, October 19th, 2023, Chainwire Non-custodial protocol for spot margin trading Primex Finance announces the launch of its long-awaited mainnet Beta. Representing a significant milestone for the protocol, the latest version has been deployed on Polygon’s PoS chain. Consequently, traders can utilize the Primex app and access spot margin trading on the Uniswap, […]
UAE’s Ras Al Khaimah launches free zone for digital assets and Web3
Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3. RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique regulatory framework. The UAE continues to attract global crypto and Web3 firms through progressive regulatory measures. Ras Al Khaimah, one of the seven Emirates of […]
Microsoft Owes $29B in Back Taxes to IRS – Will Other Tech Companies Have to Pay Too?
Microsoft Corporation presently owes the Internal Revenue Service (IRS) a whopping $29 billion in overdue taxes. This massive tax bill raises concerns not only about Microsoft’s financial methods, but also about the possible ramifications for other tech behemoths operating in a global landscape where tax policies are increasingly scrutinized. The Situation: Microsoft’s $29 Billion Tax […]
News Nuggets | 19 October: FINRA’s Prop Trading Exemption; KuCoin’s New Futures Platform
FINRA Amends Exemption for Proprietary Trading Firms The Financial Industry Regulatory Authority (FINRA) has updated its bylaws to exempt proprietary trading firms from the Trading Activity Fee (TAF) for transactions carried out on an exchange where the firm is a member. This change aligns with amendments to Rule 15b9-1 of the Securities Exchange Act of […]
Understanding the OTC Market: A Comprehensive Guide
Markets exist in a variety of shapes and sizes, each with its own set of characteristics and idiosyncrasies. The Over-the-Counter (OTC) sector is one such market that is sometimes underappreciated despite its importance. In this detailed book, we will dissect the complexities of the OTC market, investigating its definition, role, and impact on the financial […]
Coinbase Finds a Global Regulatory Base in Ireland as US Tightens Grip
Facing challenges in the US, the crypto exchange Coinbase has identified its primary global regulatory hub as Ireland. The platform has already applied for a license from the Central Bank of Ireland, aiming to align with new European regulations set to take effect in December 2024. Coinbase Chooses Ireland amid Regulatory Challenges in the US […]
The Rise of Tokenized T-Bills
Over the past couple of years, the macroeconomic backdrop has shifted dramatically, making investors turn to US Treasury bills. With the tokenization of real-world assets (RWAs) becoming a prominent trend, crypto is now shifting to tokenizing short-term US government bonds. Amidst this backdrop, digital asset firms, protocol treasuries, and crypto investment funds, which often hold […]
