Financial Stability Institute Urges Global Consistency in Stablecoin Regulation

The Financial Stability Institute (FSI) strongly recommends a unified regulatory framework for stablecoins globally, as differing regulations could jeopardize financial stability. In their April 9, 2024 report, the FSI underscores the importance of uniform regulation for the issuance and use of stablecoins across countries. Stablecoin Adoption The Bank for International Settlements and the Basel Committee … Read more

Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend

Bitcoin investors are looking forward to the upcoming halving event with anticipation, believing it will contribute to the crypto market’s future expansion. However, it’s important to note that according to well-known cryptocurrency analyst and trader Benjamin Cowen, history suggests there might be a price correction following this event. Bitcoin Halving Could Impact Price Negatively According … Read more

Monad Labs Successfully Raises $225M to Build EVM-Compatible L1 Monad Blockchain

At Monad Labs, a business focused on web3 technology, they have finished securing funding for their Ethereum-compatible Monad blockchain from Paradigm Venture Capital. As stated in the announcement, these funds will support the continued growth and construction of the Monad blockchain, aiming to launch the mainnet by the end of this year. Meanwhile, Monad Labs … Read more

Ethereum Decentralization: Researcher Advocates for Anti-Correlation Penalties

The importance of decentralization in Ethereum‘s development, spearheaded by its founder Vitalik Buterin, has been a recurring theme. A new idea that is picking up steam is the concept of “anti-correlation penalties,” which is designed to combat the centralizing effects of economies of scale within Ethereum‘s staking system. To boost the decentralization of Ethereum’s staking … Read more

India’s Web3 Ecosystem Expands to 1,000 Startups with 35 Million Traders

In India, the Web3 sector has grown significantly over the years, now boasting over 1,000 startups that provide diverse services locally, as mentioned in a recent report from Hashed Emergent, an investment firm specializing in Web2 and Web3 companies. The document underscores consistent advancements within India’s Web3 industry, positioning the country as a formidable player … Read more