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Uniswap sees record monthly volume on L2 as DeFi demand flows back
Uniswap generated a record $38 billion in volume across major $ETHEREUM layer-2 networks, including Base, Arbitrum, Polygon, Optimism, and several others, As per Dune Analytics data.
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Morocco is set to legalize crypto currencies after banning them in 2017.
๐ฆ Morocco plans to lift the ban on cryptocurrencies imposed in 2017 by drafting new regulatory laws.๐ฆ The information was confirmed by Abdellatif Jouahri, governor of Bank Al-Maghrib, during a recent announcement.๐ฆ A significant portion of Moroccans reportedly owns digital assets despite the previous ban, indicating high local interest.๐ฆ The legalization proposal coincides with a surge in $BITCOIN's popularity, nearing a historical price milestone of $100,000.๐ฆ Morocco is also considering the development of a central bank digital currency (CBDC) to help achieve public policy goals.๐ฆ The global context for Morocco's decision includes heightened regulatory efforts in countries like the UK and the EU.๐ฆ The EU's MiCA framework, which aims to establish comprehensive crypto regulations, is expected to come into effect by the end of 2024.
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๐ #NEAR/USDT (SHORT)
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SOS Limited, a publicly traded Chinese company, has announced plans to invest up to $50 million in $BITCOIN.
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Hong Kong to eliminate capital gains tax on $BITCOIN and crypto for hedge funds and family offices in bid to become global crypto hub - Financial Times
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Switzerland's Canton of Bern votes to explore $BITCOIN mining for energy grid efficiency.
The Canton of Bern in Switzerland has approved a proposal to investigate $BITCOIN mining as a strategic solution for energy waste and grid stabilization, reflecting a significant shift in the perception of the cryptocurrency. This initiative, supported by both progressive and traditionally conservative politicians, emphasizes the economic benefits of $BITCOIN mining, including job creation and investments in renewable energy. A feasibility study will assess energy availability, environmental impacts, and regulatory frameworks to guide the prospective development of $BITCOIN mining in the region.
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