Commodity Futures Trading Commission (CFTC) investigators have reportedly found that crypto lending platform Celsius Network violated US regulations before bankruptcy. These violations also implicated the firm’s former CEO, Alex Mashinsky, as reported by Bloomberg. If the CFTC’s commissioners concur with the investigation’s findings, legal proceedings against Celsius and Mashinsky could commence within the month. As The post CFTC to find Celsius and Former CEO Mashinsky violated US rules, Bloomberg reports appeared first on CryptoSlate.

Piper Sandler analyst Patrick Moley has downgraded Coinbase due to its ongoing legal tussle with the Securities and Exchange Commission (SEC) and the continuing ambiguity over cryptocurrency regulation in the U.S., according to BNN Bloomberg. On July 5, Moley expressed that the regulatory uncertainties have made it too challenging to project Coinbase’s future revenues prudently, The post Coinbase downgraded by analysts amidst regulatory wrangles appeared first on CryptoSlate.

The proposed ERC 6551 token standard for NFTs is generating interest among crypto enthusiasts, as it would enable digital assets to own other tokens, a development that could significantly transform the NFT and metaverse landscape. Speaking to Laura Shin on a recent episode of the Unchained Podcast,  Benny Giang and Jayden Windle, two of the authors The post Will ERC 6551 transform Ethereum metaverses with NFT-owned wallets? appeared first on CryptoSlate.

The landscape of blockchain scalability has evolved significantly in recent years, with Layer-2s (L2s) and sharding emerging as the two dominant approaches. Ethereum, a key player in the crypto industry, has adopted rollup-centric L2s to scale its network, while NEAR protocol has taken a different path, choosing to scale via sharding. Both strategies offer unique The post Shards and Layer-2s: Unpacking NEAR and Ethereum’s contrasting approaches to blockchain scalability appeared first on CryptoSlate.

Circle, the USDC stablecoin provider, appears to be targeting the 74% of Asia Pacific (APAC) trade invoicing processed in US dollars between 1999 and 2019, as per FED estimates. In a recent blog post, Circle’s executives underscored the potential role of the digital dollar, specifically USDC, in the APAC financial landscape, given the persistent use The post Circle targets APAC’s 74% USD trade invoicing for digital dollar growth appeared first on CryptoSlate.