Partnership Announcement: Velar and BOB Unveil PerpDex Integration with Bitcoin In a landmark announcement for the decentralized finance (DeFi) sector, pioneering Bitcoin DeFi developer Velar has revealed a strategic partnership with BOB (Build on Bitcoin) to support the launch of Velar Artha. This initiative will introduce the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2, a development that promises to enhance the Bitcoin ecosystem significantly. The Collaboration: Velar and BOB Technical Support and Infrastructure BOB will provide critical technical support to optimize the development and mainnet launch of Velar Artha. By leveraging BOB’s best-in-class developer tooling,…

NFT Market Update: Weekly Sales See 9% Dip, Totalling $145 Million Non-fungible tokens (NFTs) are resources that have been tokenized through a blockchain. Tokens are attractive, recognizable proof codes made from metadata through encryption work. These tokens are then stored on a blockchain, whereas the resources themselves are stored elsewhere. The association between the token and the resource is what makes them unique. NFTs can be exchanged and traded for cash, cryptocurrencies, or other NFTs—it all depends on the esteem the market and owners have set on them. The non-fungible token market continues to develop negatively week over week after…

Unraveling the NFT Bubble: Examining the Truth Behind Digital Art What are NFTs? NFTs are unique digital tokens that exist on a blockchain, a decentralized ledger that records transactions. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are non-fungible, meaning each token is unique and cannot be exchanged on a like-for-like basis. This uniqueness makes NFTs ideal for representing ownership of digital assets such as artwork, music, videos, and other collectibles. The Rise of NFTs The concept of NFTs is familiar, but their popularity surged in late 2020 and…

UN Experts Uncover North Korea’s Crypto Laundering Scheme United Countries, May 14 (Reuters) — North Korea laundered $147.5 million through virtual cash stage Tornado Cash in March after taking it final year from a cryptocurrency trade, according to private work by United Countries sanctions screens seen by Reuters on Tuesday. Let’s have a brief discussion about North Korea’s Crypto laundering scheme. North Korea’s Crypto laundering scheme The screens told a U.N. Security Committee sanctions committee in an archive submitted on Friday that they had been exploring 97 suspected North Korean cyberattacks on cryptocurrency companies between 2017 and 2024, esteemed at…

Crypto PAC Launches to Support Campaigns The 501(c)(4) nonprofit organization has not yet revealed any revelations, but it plans to support two Democrats and three Republicans in Congressional races. A modern crypto Political Action Committee (PAC) is on the scene. Let’s have a brief discussion about the Crypto PAC launches for Campaign Support- let’s discuss about it in detail. Crypto PAC launches for Campaign Support Coinbase-initiated nonprofit Stand With Crypto reported it is propelling a new PAC Friday. The related PAC, which implies only person Stand With Crypto individuals can contribute up to $5,000 each, plans to back “candidates who…

Regulatory Alignment: Binance Partners with FIU-IND A senior government official said the Financial Intelligence Unit-India (FIU-India), the national office capable of examining suspicious financial exchanges, will soon lift the boycott on the world’s biggest crypto trader, Binance, after completing due diligence. FIU-India lifted the boycott on another offshore crypto trade, KuCoin, in March after forcing a penalty of Rs 34.5 lakh. Vivek Aggarwal, chief of FIU-IND and additional secretary in the Office of Revenue said in his first-ever interaction with media that Binance procedures were still progressing as a penalty was, however, to be chosen. “Binance’s operations have not yet…

EU Regulation: Potential Inclusion of Crypto in Multitrillion-Euro UCITS Funds The European Union securities watchdog is inquiring partners about whether it must incorporate crypto resources into speculation products. This move might empower crypto to tap a market greater than spot Bitcoin exchange-traded funds. The European Securities and Markets Specialist is asking industry and specialists for input on extending the resources qualified for the organization Endeavors for Collective Speculation in Transferable Securities, or UCITS Funds. The move opens the door to broader access to cryptocurrencies through UCITS, a €12 trillion market. If ESMA is persuaded, it would be the “final step…

Understanding the House Vote: Crypto Policy Nullification The U.S. House of Representatives voted Wednesday to endorse a resolution dismissing the Securities and Exchange Commission (SEC) cryptocurrency accounting direction that the industry said has discouraged banks from taking care of crypto clients. Still, President Joe Biden is already promising to reject the exertion if it hits his work area. Let’s briefly discuss SEC crypto policy. SEC crypto policy Since its entry, the SEC’s Staff Accounting Bulletin No. 121, moreover known as SAB 121—has been the center of feedback from digital assets businesses and Republican legislators. The bulletin was implied to clarify…

Exploring India’s top stock gainers: Varied growth narratives In the dynamic landscape of the Indian stock market, certain companies stand out for their remarkable performance, driving positive momentum and investor interest. In this article, we’ll delve into the top stock gainers in India, analyzing key companies and industries that have witnessed significant growth. From engineering to healthcare services, these companies represent diverse sectors contributing to India’s economic growth and vitality. Let’s have a brief discussion about top stock gainers in India. Top stock gainers in India SKF India (Bearings): Current Price: ₹4,858.70 Change: ₹287.25 Change%: 6.28% SKF India, a leading…