This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Kraken Pro Adds Shiba Inu Margin Trading For Community-Driven Growth
The exchange has imposed a threefold maximum leverage on these trades, with a limit of 1.5 billion SHIB for long and short positions, respectively. Shiba Inu (SHIB), a famous meme-inspired cryptocurrency, is now part of new margin trading pairs revealed by Kraken Pro, a renowned U.S.-based cryptocurrency exchange…[continue reading]
2) U.S. Authorities Are Investigating These Crypto Organizations
Several cryptocurrency companies have been the targets of lawsuits brought by regulatory authorities of the US government over the years, all with the goal of ensuring that their offerings comply with certain regulations…[continue reading]
3) CFTC Commissioner Is Interested In Establishing An AI Fraud Task Force
Johnson, speaking at the May 2 Technology Advisory Committee (TAC) meeting, outlined the CFTC’s three-pronged agenda. One is to create a task force to “evaluate, assess, and harmonize guidance, supervision, and regulation that addresses the increasing integration of AI in financial markets.” The second is to increase penalties for the intentional misuse of AI. Johnson concluded by stating that the CFTC would establish a “principles-based framework” to assess the risks associated with AI integration into financial markets…[continue reading]
4) Tether Gains $4.52 Billion In First Quarter Revenue From Investments
The US Treasury and Bitcoin helped propel stablecoin leader Tether to a record-breaking $4.52 billion in first-quarter profits. The creators of the popular stablecoin USDT, Tether, announced a first-quarter net profit of $4.52 billion in 2024, a 61% increase over the previous quarter…[continue reading]
5) Celo Introduces A Private Credit Pool Facilitated By RWA Protocol Untangled Finance
Untangled Finance, a protocol for real-world assets (RWAs), has introduced the Celo blockchain’s first on-chain securitization pool. With a loan maximum of $6 million and collateralized by a varied range of French working capital assets from fintech Karmen, the pool is organised under Luxembourg’s securitization regulations…[continue reading]
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