Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind the platform, Uniswap Labs, simply removed the tokens from the main interface. Uniswap Removes Tokens From Main Interface, Users Discuss Alternative Solutions On July 23, the startup Uniswap Labs announced that the development team was…

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64% of Adults from 10 Different Countries Would Use a Central Bank Digital Currency: Report

As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. Nearly two out of three respondents said they would likely use a CBDC after launch and most of the study’s participants believe a major CBDC will be launched within three years. 63% of Survey Respondents Would Leverage a CBDC if Launched, 33% Would Be ‘Very…

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Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product

Fresh off the heels of Blockfi’s issues with the ​​New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the ASC should not copy New Jersey’s cease and desist as Alabama regulators also seem to believe they might be selling unregistered securities. Blockfi has received another order from the Texas State Securities (TSS) Board for…

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Nigerian Pop Artist Shills Meme Coin and Price Briefly Doubles — Followers Question Artist’s Motives

The Nigerian pop artist and celebrity, Davido, recently posted several tweets endorsing ‘rapdoge,’ the so-called “first deflationary meme token fully supported by celebrities & rappers.” In one of the tweets, Davido tells his 9.5 million followers to “buy $20, $100 or $1000 worth of rap doge tokens and be ready to make some money.” Pump and Dump In a subsequent tweet, Davido, who has previously said he was thinking about starting a bitcoin trading company, asks: “Who listened to me about RapDoge?” Following the artist’s shilling of the coin on…

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MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers

Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency organizations. Fake Agents According to a report, these so-called agents have been asking MTI investors that may be interested in their services to pay them in bitcoins. However, in his warning to investors, MTI joint…

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Investment Advisor Says Bitcoin Is ‘Very Dangerous to Hold Today’ Citing Warnings by Regulators

Investment advisor and former Prudent Bear Fund manager David Tice has warned about investing in bitcoin. Citing “negative statements” by central bankers and regulators, such as the Bank of England, he said that it is “very dangerous to hold” bitcoin today. Investment Advisor David Tice Warns It’s Dangerous to Invest in Bitcoin David Tice, who sold his bear fund as the 2008 financial crisis was unfolding, talked about the stock market and bitcoin in an interview with CNBC Friday. A former Prudent Bear Fund manager, Tice is known for making…

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Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: ‘Crypto Is an Alternative for People Who Want More Freedom’

Brian Armstrong, CEO of Coinbase, took to Twitter to tell his thoughts about the statements that Jackson Palmer, co-founder of Dogecoin, expressed last week. While Palmer now has a negative vision of the cryptocurrency industry, Armstrong is in the opposite field. To Armstrong, the cryptocurrency industry has its problems, but it still provides an alternative for people who want more economic freedom. Coinbase CEO Faces Dogecoin Founder for His Views on Cryptocurrency Capitalistic, right-wing, centralized… these were some of the traits that the Dogecoin co-founder Jackson Palmer attributed to the…

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Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk

Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of Bank of England Jon Cunliffe, the deputy governor of the Bank of England, talked about cryptocurrency and whether it poses financial stability risk in an interview with CNBC Wednesday. He said: The speculative boom in…

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Cardano Launches Testnet to Move Closer to Smart Contracts, Polymarket Odds Bet Against Project

On July 14, IOHK, the Cardano network developers, announced the project’s latest testnet called Alonzo white has been deployed. IOHK detailed that it has onboarded new participants and the move will help the project move “closer to smart contracts.” Two days later, a Cardano-based project called Spores raised $2.3 million to build a non-fungible token (NFT) and decentralized finance (defi) marketplace. Cardano Launches Alonzo White This week the Cardano (ADA) network launched the project’s successful hard fork of the Alonzo Blue testnet to the Alonzo White node. The upgrade aims…

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Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa

Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek to help African blockchain start-ups. Funding for Successful Applicants According to a Swissinfo report, CVVC will fund the best blockchain start-ups “in South Africa, Nigeria, Kenya, Rwanda, Congo and other countries.” The report adds that the initial five successful applicants will each receive $125,000 (CHF114,000) from the incubator while…

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