Retardio memecoin 'not authorised' by UK FCA

The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning that Retardio, a grossly offensive Solana-based memecoin and NFT project, “is not authorised” by the regulator. 

Retardio responded by posting a meme that depicts Jeff Bezos in clown makeup. 

It appears that the token has no reason to exist except to allow a contingent of Solana-based cryptocurrency traders an asset on which to speculate.

Following the announcement from the FCA, the token’s price was buoyed, according to data from DexScreener. The total market capitalization for the project has again breached $100 million.

The FCA has been trying to focus more on crypto, asking today for industry feedback on its new discussion paper looking at regulations for the space. 

FCA tackles ‘operational backlog’ with 100 crypto staff

Read more: TikTok accused of operating as crypto exchange in the UK, report

Additionally, the FCA has grown its cryptocurrency-focused staff this year. Its number has now reportedly reached triple digits and its fastest-growing team is the the policy team. 

Got a tip? Send us an email or ProtonMail. For more informed news, follow us on X, Instagram, Bluesky, and Google News, or subscribe to our YouTube channel.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Bitstamp Officially Lists PEPE & Solana (SOL) In The US

Hình ảnh
Cryptocurrency exchange Bitstamp announced it is officially listing both PEPE and Solana (SOL) in the United States. Indeed, the platform took to X (formerly Twitter) to announce it is listing both the third largest non-stablecoin and meme coin by market cap, respectively. The move is a reversal for SOL, as Bitstamp announced it was ending trading for the crypto in August of 2023. The exchange noted that Solana and six other cryptocurrencies would be “permanently” suspended following a US Securities and Exchange Commission (SEC) qualification that they were unregistered securities. JUST IN: Bitstamp officially lists $PEPE, and Solana $SOL in the US. — Watcher.Guru (@WatcherGuru) November 29, 2024 Also Read: Coinbase Officially Lists Memecoin PEPE Solana Returns, PEPE Debuts on Bitsamp in the US It has certainly been an important year for cryptocurrencies. Although two crypto-based ETFs were approved in the United States, the country took a massive shift as Donald Trump...
Đọc thêm

Currently, 51% of Ethereum blocks are censorable. The time has come for Flashbots to end

Hình ảnh
Join Our Telegram channel to stay up to date on breaking news coverage Censorious MEV-Boost relays, notably Flashbots, are producing an increasing number of Ethereum blocks. If the MEV organization truly cares about Ethereum, it might think about ceasing operations so that developers can put a long-term fix in place. 51% of blocks are threatened with censorship The MEV censorship issue in Ethereum is getting worse by the hour. MEV Watch reports that 51% of yesterday’s Ethereum blocks were created by so-called “OFAC compliant” MEV-Boost relays, which are relays that have publicly announced their intention to censor future transactions via Tornado Cash or other protocols targeted by the U.S. Treasury. Arbitrage opportunities discovered by rearranging transactions within a block while it is being produced are referred as as MEV, or “Maximum Extractable Value.” For on-chain merchants and validators, Flashbots and other MEV-Boost relays essentially ac...
Đọc thêm

Korean telecom giant launches digital currency for its metaverse

Hình ảnh
To boost users’ activity, SK Telecom has launch ed a digital currency for virtual purchases in its metaverse dubbed Ifland. One of the largest telecommunication companies in South Korea is taking another step towards the adoption of metaverse technologies. SK Telecom, a Korean telecom provider with over 30 million customers, announced in a press release on Monday, Oct. 16, 2023, the launch of an economic system to its metaverse platform Ifland, with a new virtual currency named “Stone.” Virtual meetup in ifland | Source: SK Telecom You might also like: Korean IT firm, NHN, to develop games on Sui network According to the Seoul-headquartered company, the digital currency can be used to purchase virtual items with “high collectible values” and to sponsor hosts of events or meetups. With the launch of Stones, SK Telecom wants to bring in more users as influencers can now generate profit by receiving donations from subscribers. “Goi...
Đọc thêm