Uniswap [UNI] Community Remains at Crossroads Despite 314x Potential
Almost six months after Uniswap’s [UNI] suggestion for a “fee switch,” the community will finally get to vote for it. However, there have been new revelations about what could happen to Uniswap if the protocol charge was finally implemented.
XRP Lawyer Hints This Could Cause Another 50% Crypto Crash
XRP News: The global cryptocurrency industry is still struggling to recover from the recent Sam Bankman-Fried’s (SBF) FTX collapse. Industry experts have alleged the US SEC and its chair, Gary Gensler for taking irregular steps to protect the market. However, the XRP holders’ lawyer has suggested that there could be more pain ahead for the crypto market.
Vitalik Buterin Advises Focusing on The Tech to Avoid Crypto Weariness
On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years.
Brazilian Companies Break Crypto Purchasing Records Again in October
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September.
Bitcoin Pushes Towards $17.6k on China Easing COVID-19 Restrictions
Bitcoin opened the week at around $17,200 on global optimism that China is easing its COVID-19 restrictions that have slowed down its economy.
Pakistan Launches New Laws To Expedite CBDC Launch by 2025
Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house CBDC by 2025.
Ripple Files Final Submission Against SEC As Landmark Case Nears End
The most talked about crypto lawsuit involving the United States Securities and Exchange Commission (SEC) and Ripple is approaching its conclusion after a two-year-long battle.
Ripple General Counsel Calls SEC “Bouncing Regulator” For Shifting Stance On Hinman Speech
In a tweet on Sunday, Ripple General Counsel Stuart Alderoty highlighted the continuous shift in the US Securities and Exchange Commission’s claims during the two-year legal battle, describing the SEC as “the bouncing regulator.” In the tweet, Alderoty highlights two quotes from the SEC, the first asserting that the Howey test decided what constitutes an investment contract and the second implying that the Hinman speech should serve as guidance for market participants. (thecryptobasic)
Swyftx Cuts 40% of Staff as it Braces Against 'Worst-Case Scenario'
Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in global trading volumes next year. The news was shared by Swyftx co-CEO Alex Harper in a Dec. 5 statement, noting that despite not having any exposure to FTX, the company was “not immune” to the fallout over the bankrupt exchange, adding: “As a result, we have to prepare in advance for a worst-case scenario of further significant drops in global trade volumes during H1 next year and the potential for more black swan-type events.” (Cointelegraph)
Coinbase CEO Armstrong Says Bankman-Fried’s US$8 bln ‘Accounting Error’ Doesn’t Stand up
Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny. Bankman-Fried gave the reasoning in an interview with Bloomberg published on Friday. (forkast)
