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Cryptocurrency News Articles

RWA Track Heats Up Again.

Dec 13, 2024 at 08:00 pm

With Trump's election victory and a shift in U.S. policy, the market has begun to favor the "compliance" concept.

RWA Track Heats Up Again.

Organizer: Fairy, ChainCatcher

Important News:

"What important events happened in the past 24 hours"

FeiXiaoHao brand ownership dispute escalates, original team cancels sale plan

The brand ownership dispute of the cryptocurrency data platform FeiXiaoHao continues to escalate. The original FeiXiaoHao team released a statement on December 13, stating that the buyer obtained part of the source code and data after paying the first installment, and then publicly tore up the contract and refused to pay the remaining amount. The buyer's request for an overall brand transfer was rejected without paying the remaining amount, and they were accused of publicly reselling the source code and data, causing significant losses to the original team. The original team has canceled the brand sale plan and stated that they will continue operations.

In response to the above accusations, the buyer published a lengthy rebuttal, claiming to have legally registered an overseas company and trademark, and pointed out multiple breaches of contract by the original team: incomplete source code delivery leading to inability to deploy normally, and the same source code being sold to multiple buyers. The buyer stated that after taking over Feixiaohao.com.cn, they invested hundreds of thousands of dollars and spent four months repairing the system before it was relaunched.

Additionally, the buyer revealed several future development plans, including improving the Meme token ranking, advancing globalization, adding KOL columns, and VC inclusion among other functional modules. The buyer has now initiated legal proceedings to protect their rights through the public acquisition of details and relevant evidence.

Trump's crypto project WLFI's first community proposal passed in voting, will deploy Aave v3 instance

According to the governance page, Trump's crypto project WLFI has voted to pass its first community proposal, which aims to deploy an Aave v3 instance for the WLFI protocol.

This instance will be managed by external risk managers and will be built on the existing Aave v3 infrastructure, ultimately launching on the Ethereum mainnet.

Binance Launchpool will launch Vana (VANA), supporting BNB and FDUSD mining

According to the official announcement, Binance will launch Vana (VANA) on December 16, 2024, at 10:00 (UTC), and will open trading pairs VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY.

Users can participate in VANA mining activities by staking BNB and FDUSD starting from December 14, 2024, at 00:00 (UTC), and the mining will last for two days.

Previous news reported that Vana co-founder Anna Kazlauskas attended the "DeInsight 2024" annual summit on November 11, co-hosted by ChainCatcher and RootData, and jointly organized by SoSo Value.

Gate.io statement: Security team found no abnormalities on the platform, do not believe rumors

Cryptocurrency exchange Gate.io released a statement indicating that its security team found no abnormalities, and security agencies reported no issues. Deposits, withdrawals, and trading are operating normally, and users are advised not to believe rumors.

Gate.io maintains a 100% reserve, with the latest reserve amount exceeding $10 billion.

Binance will list Velodrome Finance (VELODROME)

Binance announced that it will list Velodrome Finance (VELODROME) on December 13, 2024, at 22:00 (UTC+8). Withdrawal functions will be opened on December 14 at 22:00 (UTC+8).

KaJ Labs invests $100 million to develop AI tools for the Ripple ecosystem

According to The Crypto Basic, KaJ Labs, the developer of the innovative enterprise platform Atua AI, announced a $100 million investment to create advanced AI tools specifically for the Ripple (XRP) ecosystem. The plan aims to leverage Ripple's efficient and scalable infrastructure to enhance AI-driven solutions in DeFi and enterprise operations.

The funds will be used to support research, AI model training, and the deployment of XRP-based AI solutions, focusing on real-time analytics and automated workflows.

WSJ: Trump's team seeks to cut or merge banking regulatory agencies

According to The Wall Street Journal, Trump's team is inquiring whether the elected president can eliminate or merge financial regulatory agencies.

Sources familiar with the matter revealed that advisors to elected president Trump asked some advisors from Elon Musk's Department of Government Efficiency whether the Federal Deposit Insurance Corporation (FDIC) could be abolished during interviews with potential candidates for banking regulatory agencies.

Trump's advisors also inquired about potential candidates for the FDIC and the Office of the Comptroller of the Currency, asking if bank deposit insurance could be merged into the Treasury. Additionally, plans were proposed to merge or completely reform the FDIC, the Office of the Comptroller of the Currency, and the Federal Reserve

News source:www.chaincatcher.com

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Other articles published on Dec 14, 2024