Author: Arti

Fordefi has recently secured a comprehensive cyber threat and crime insurance policy Fordefi, a decentralized finance (DeFi) wallet firm, has recently secured a comprehensive cyber threat and crime insurance policy from Munich Re, a renowned German insurance carrier, reported by CoinDesk. Facilitated by Lockton’s Emerging Asset Protection team, the policy represents a significant step forward in safeguarding digital assets in the rapidly evolving DeFi sector. This article delves into the implications of this insurance policy, the mechanisms behind Fordefi’s security, and the broader impact on the DeFi industry. The DeFi Landscape: A Playground for Hackers DeFi has revolutionized the financial…

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SEBI has put forward recommendations for cryptocurrency regulation The Indian cryptocurrency landscape is witnessing significant developments as the Securities and Exchange Board of India (SEBI) has put forward recommendations advocating for regulatory oversight of cryptocurrency trade by multiple regulators. This stance, documented and submitted to a government panel, marks a pivotal shift in the regulatory discourse around private virtual assets in the country. The position adopted by SEBI starkly contrasts with that of the Reserve Bank of India (RBI), which continues to view private digital currencies as a macroeconomic risk. SEBI’s Stance on Cryptocurrency Regulation SEBI’s submission to the government…

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Gold ETFs are investment instruments that track the price of domestic physical gold Gold Exchange Traded Funds (ETFs) have been a significant investment avenue for those looking to diversify their portfolios and hedge against economic uncertainties. April 2024 witnessed a notable shift in this landscape with a net withdrawal of Rs 396 crore from Gold ETFs, marking the first major outflow since March 2023. This article delves into the reasons behind this outflow, the performance of Gold ETFs, and the broader implications for investors. Understanding Gold ETFs Gold ETFs are investment instruments that track the price of domestic physical gold.…

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The intent-centric DeFi protocol of Shogun recently secured $6.9 million in a seed funding round Intensity Labs, the innovative force behind the intent-centric DeFi protocol Shogun, recently secured $6.9 million in a seed funding round. This impressive funding round was co-led by industry giants Polychain Capital and DAO5, with additional participation from notable investors such as Arrington Capital, Arthur Hayes’ family office Maelstrom, and Build-a-Bera. Angel investors, including prominent figures like Cobie, Ansem, Ser Shokunin, and Meltem Demirors, also joined the round, showcasing broad confidence in Shogun’s potential to transform the DeFi landscape, reported by The Block. Background and Fundraising…

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Sonne Finance suffered a devastating exploit that resulted in the loss of at least $20 million Decentralized Finance (DeFi) has revolutionized the financial landscape, offering unprecedented levels of accessibility, transparency, and efficiency. However, this burgeoning sector has also become a prime target for sophisticated cyber-attacks. The latest victim in a string of high-profile DeFi hacks is Sonne Finance, a decentralized lending protocol operating on the Optimism and Base networks. The protocol suffered a devastating exploit that resulted in the loss of at least $20 million. This incident has sent shockwaves through the DeFi community, highlighting persistent vulnerabilities and the critical…

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Spot Bitcoin ETFs in the U.S. have attracted substantial interest from institutional investors Bitcoin ETF Market: It has now been more than four months since multiple spot Bitcoin (BTC) exchange-traded funds (ETFs) launched on the U.S. market, and the data shows that demand has been high and is likely to increase moving forward as large institutions are increasingly starting to make allocations. This trend marks a significant milestone in the broader acceptance of cryptocurrencies within the traditional financial ecosystem. Institutional Interest and Early Adopters The introduction of spot Bitcoin ETFs in the U.S. has attracted substantial interest from institutional investors.…

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OKX Launches Crypto Trading Platform in Australia: A New Era for Australian Crypto Investors OKX, one of the world’s leading cryptocurrency exchanges, has officially launched its spot and derivatives trading platform in Australia, marking a significant milestone for the country’s crypto industry. Australian users now have access to OKX’s comprehensive suite of trading services, including spot trading for all users and derivatives trading for verified wholesale clients. Spot and Derivatives Trading for Australian Users With the launch of OKX in Australia, cryptocurrency enthusiasts across the country can now engage in spot trading activities on the platform. Additionally, verified wholesale clients…

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In a significant move, Bitso has launched its own Web3 wallet In a significant move towards embracing the decentralized finance (DeFi) ecosystem, Bitso, the Mexico-based cryptocurrency exchange with a focus on Latin America, has launched its own Web3 wallet. This latest addition to Bitso’s product offerings aims to provide its customers with a seamless entry point into the world of decentralized finance, enabling them to explore non-fungible tokens (NFTs), decentralized exchanges, and other DeFi services from a trusted platform. Bridging the Gap: Bitso’s Web3 Wallet The launch of Bitso’s Web3 wallet represents a strategic step towards bridging the gap between…

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Solana price rebound underscores its resilience and growth potential in the face of market uncertainties Solana (SOL) has demonstrated notable resilience in the face of recent market challenges, with its price surging by over 10% in the last 24 hours to reach $137 on May 3rd. This rebound comes on the heels of a period of significant declines, driven by concerns surrounding Federal Reserve interest rate policies. Let’s delve into the factors influencing Solana’s price movements and assess its outlook in light of recent developments. Current Market Snapshot At the time of writing, Solana is trading at $137, marking a…

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Bitcoin Dips Below $60,000: Assessing the Next Moves Amid Economic Uncertainty Bitcoin (BTC) recently experienced a significant dip, falling below the $60,000 mark, as market players brace for potential developments stemming from the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting. This article delves into the implications of the Bitcoin price movement, considering the broader economic landscape and its impact on the cryptocurrency market. Additionally, we explore the role of recent events, including regulatory announcements and market sentiment, in shaping the short-term outlook for Bitcoin and altcoins. Bitcoin’s Price Movement: Bitcoin price dipped to $59,500 ahead of the FOMC…

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