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Uniswap DeFi Exchange received notice from SEC
Uniswap is a leading decentralized crypto exchnage and this is doing well. It has got a good user base and volume as well. SEC aka Security and Exchange Commission has issued a notice to Uniswap, which has created negativity in the market. It seems that the SEC is trying to control DeFi which is growing faster in the crypto space
XMR (Monero) is going through a tough time as it has already been delisted from Binance exchnage and now Kraken will delist. The delisting is occurring for Belgium and Ireland because of AML rules. Governments are more concerned about AML rules and since XMR is a privacy-based coin, this is affected by regulatory actions.
Now after the notice to Uniswap, there is the discussion that its just the start of the SEC against decentralized exchnages. There are many DeX so maybe later SEC tries to target many others and they have started with Uniswap for now. This may be a threat situation for every DeX in future but its too early to conclude anything but important to keep an eye on updates. Do you think DEXs are in trouble?
JP Morgan has taken the lead in the usage of blockchain for banking operations. They use Onyx Blockchain and this is good for digital assets and interbank connectivity. Recently Onyx has partnered with Kyriba to build solutions for cross-border payment and with blockchain, the entire payment system can be revolutionised.
The World Trade Organization (WTO) has shared the forecast for this year 2024 and they are anticipating that there will be an increase in global trade this year. This a good news for the global economy and hopefully this will also empower the overall global financial scenarios. Inflation has been one of the biggest issues and with the rise in global trade, this can be improved
This year's World Happiness Report is released and there are several factors worth checking out. This report has got the global ranking for countries on several indicators including health, income and freedom etc. You can go through more about this report by visiting the article
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