Australian regulators rattle their saber as adoption takes a major leap: Law ...
The ASIC prepares to put crypto and DeFi firmly in its sights, while Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling. Australia’s financial regulator, the Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as....
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Saber has raised $7.7 million in a seeding fund round, and is rated as the second platform on Solana in terms of total locked value (TVL) with $185.77 million. Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and the firm will use the funds to hire around seven more staff members this year. It will also expand....
A new crypto fund named Protagonist has been launched by Saber Labs which is a Solana-based cross-chain decentralized exchange. The crypto fund and incubation lab shall be helping foundational protocols of upcoming blockchain ecosystems by investing in them. The fund is worth $100 million. The founders of Protagonist are Dylan Macalino and Ian Macalino who […]
On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole Launches Ethereum – Solana Bridge Solana has risen 5,504% in value during the last year and today, solana (SOL) is a top ten crypto-asset holding the seventh largest position in terms of market capitalization. At....
Bitcoin has been quite the hot property in Australia over the past eighteen months, and it has caught the attention of the nation's financial regulators, as it has in nations worldwide. In Australia, in particular, Bitcoin is very popular. Just not popular enough to threaten the status quo, according to the nation's monetary policy regulators. Australian regulators: We'll let it go, for now. Dr. Anthony Richards is the head on monetary policy for the Australian RBA, their fiat currency central bank. He released a statement regarding the current stance of regulators towards Bitcoin: "Given....
Efforts are under way to develop the world’s first operational quantum computers, which will mark a literal quantum leap forward in technology. The Australian quantum computing startup Silicon Quantum Computing revealed Friday that it has constructed the world’s first atomic-scale integrated circuit that will power a new breed of computing machines. While that’s an impressive feat […]