Aave Labs subsidiaries Push Labs Limited and Push Virtual Assets Limited have received approval from the UK Financial Conduct Authority (FCA) to operate as registered cryptoasset exchange providers. This approval complements their existing electronic money authorization and supports their plan to launch zero-fee on-chain financial services in the UK. The dual regulatory structure allows Aave Labs to offer regulated cryptoasset and electronic money services, expanding their presence in Europe following earlier EU authorization. The company aims to scale product development and deliver secure, regulated financial products, backed by recent funding from the Aave DAO to support operational costs and growth.
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 3.25% to $72,762 and Ethereum falling 3.96% to $1,987.25. Other notable coins like Binance Coin, Solana, and Cardano also saw decreases, reflecting a broad market pull...
OpenZeppelin founder Manuel Aráoz warned that all DeFi is unsafe due to AI-powered cybersecurity threats, advising users to exit positions. Industry leaders like Aave's Stani Kulechov and Sky's Sam MacPherson pushed back, highlighting improvements in...
Aave Labs' UK subsidiaries, Push Labs Limited and Push Virtual Assets Limited, have secured registration with the UK's Financial Conduct Authority (FCA) as cryptoasset exchange providers. This allows them to offer regulated crypto services, including...
Blockworks has created the Transparency Alliance with leading crypto companies like Coinbase, Kraken, and Ripple to promote the Token Transparency Framework. This framework sets new disclosure standards for crypto tokens, addressing the information g...
The CoinDesk 20 Index saw Internet Computer (ICP) surge 9.8%, making it the top performer among the 12 assets trading higher. Stellar (XLM) also gained 1.7%, joining ICP as a leader. Meanwhile, NEAR and AAVE lagged with declines of 3.9% and 0.6%, res...
