Core Ignition Drop Claiming Guide

Posted by
 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
0

Japan Approved Self-Regulation for Cryptocurrency

Posted by



Symbol Use to Represent Cryptocurrencies

Japan's Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulation status, permitting the Japan Virtual Currency Exchange Association (JVCEA) a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a certified fund settlement business association police and sanction exchanges for any violation.

The industry association confirmed its accreditation in a statement on its website, stressing it has "enforced self-regulation rules on the same date."

It added:
"With the acquisition of the accreditation, we will continue to make further efforts to create an industry that you can trust from everyone who uses virtual currency with members [exchanges]."
The  FSA's approval comes at a time when Japanese authorities are reviewing their own regulatory approach toward the industry in the aftermath of two seismic crypto thefts this year. After the infamous Coincheck theft in January, licensed cryptocurrency exchange Zaif was hacked for nearly $60 million in bitcoin, bitcoin cash, and Monacoin in September according to CCN.

JVCEA has reportedly drawn up a 100-page self-regulatory draft with rules including a proposal for a complete ban on insider trading and privacy coins like Monero Dash from licensed exchanges. The association has also proposed a 4-to-1 limit on margin trading with cryptocurrencies, restricting the number of funds investors can borrow on their original deposit.


Spread the news

Comments

Post a Comment