Browsing:News

Ethereum co-founder Vitalik Buterin
1 year ago 1 min read

Vitalik Buterin Helps Earthquake Victims with $227k Donation

The recent 7.8 magnitude earthquake in Turkey and Syria left a devastating impact on the region, with the death toll now reaching over 33,000. In the aftermath of the disaster, the Ethereum community has come together to offer support and aid in the relief efforts. Leading the charge is Ethereum co-founder Vitalik Buterin, who has made at least two substantial contributions to help the victims. His latest donation was on February 12, where he sent 50 ETH, approximately $77,000, to Anka Relief, according to blockchain security firm PeckShield. Anka Relief thanked Buterin for his generosity and noted that crypto donations

Clearpool Protocol
1 year ago 1 min read

DeFi Protocol Clearpool to Launch Institutional-Grade DeFi Platform on Polygon Network

Clearpool, the decentralized finance (DeFi) protocol, has announced that its institutional credit platform, Prime, will be deployed exclusively on Ethereum scaling tool Polygon network. The CEO and co-founder of Clearpool, Rob Alcorn, stated that the company has a strong relationship with the Polygon team and will continue to work together to deliver institutional DeFi products. Clearpool Prime will act as an institutional-grade capital marketplace where borrowers can create credit pools and liquidity providers can invest to earn yield. The platform is set to begin operation in the first quarter of 2023 and is expected to cater to a wide range

AshSwap stable-swap DEX on the MultiversX blockchain
1 year ago 4 mins read

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Ho Chi Minh City, Vietnam, 11th February, 2023 AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on Maiar Launchpad sold out, with 70,000,000 ASH (7% of the total supply) valued at $2.8 million. AshSwap has since released all of its core features, which have been available on

The parent company of Genesis Global Capital has announced a plan to raise capital to repay creditors.
1 year ago 1 min read

Digital Currency Group Restructures to Settle Debts of Bankrupt Genesis Unit

Digital Currency Group (DCG), the parent company of failed crypto broker Genesis Global Capital, has announced a restructuring plan aimed at raising capital to repay creditors. In recent court filings, the company revealed that it intends to transfer equity in Genesis Global Trading to Genesis Global Holdco and eventually sell both companies to pay back creditors. Genesis Global Capital and Genesis Global Holdco both filed for Chapter 11 bankruptcy protection from creditors last month. Despite this, the company remains optimistic about the future. “Genesis today moved a step closer to a resolution for our lending business that maximizes value for

crypto firm Paxos
1 year ago 1 min read

Paxos Faces Possible Lawsuit from SEC Over BinanceUSD – WSJ Report

The US Securities and Exchange Commission (SEC) enforcement division has sent a Wells notice to crypto firm Paxos, according to a report by The Wall Street Journal. The notice informs Paxos that the SEC plans to bring enforcement action against the firm for alleged violations of securities and investor protection laws. The SEC is reportedly considering the Paxos-issued Binance USD (BUSD) stablecoin an unregistered security. BUSD was launched in partnership with Binance in September 2019 and has since become the third-largest stablecoin and the seventh-largest cryptocurrency with a market capitalization of $16.15 billion, according to CryptoSlate data. It is important

Crypto lender Nexo
1 year ago 1 min read

Nexo Suspends Ethereum Improvement Proposal for US Customers

Crypto lender Nexo has announced that it will no longer be offering its Earn Interest Product (EIP) to U.S. clients, residents, and citizens, effective February 10th. This move comes after the company was fined $22.5 million by the U.S. Securities and Exchange Commission (SEC) for failing to properly register the offer and sale of EIP. In response to the fine, Nexo stated that it would be stopping EIP in eight states and would no longer onboard clients in the U.S. However, despite this change, the company reassured its customers that its other lending offerings would continue as normal and that

Brian Armstrong to fight SEC
1 year ago 1 min read

Brian Armstrong Vows to Protect Crypto Staking Service from Securities Classification

Brian Armstrong, CEO of the largest cryptocurrency exchange in the US, Coinbase, has expressed his commitment to defend the company’s crypto staking services in court against allegations that they should be classified as securities. In a recent tweet, Armstrong shared a blog post written by Paul Grewal, the chief legal officer of Coinbase, which stated that the staking services offered by the exchange do not meet the criteria of a security according to the Howey test, used by the US Securities and Exchange Commission (SEC) to determine whether an investment contract is a security. Grewal argued that crypto staking services

Voyager Digital
1 year ago 2 mins read

Voyager Clients Must Open Binance US Accounts to Access Their Funds

Voyager Digital, the bankrupt crypto broker, has submitted a plan for its customers to recover their assets through Binance US. The early opt-in period began last week, allowing Voyager customers to start sharing their data to create new or link existing Binance US accounts. The two companies expect the deal to close and payments to start in March. However, customers in Hawaii, New York, Texas, and Vermont may have to wait up to six months longer as Binance US cannot create accounts for users in states where it is not allowed to operate. If Binance US does not receive the

A new crypto exchange by 3AC and CoinFLEX
1 year ago 1 min read

3AC and CoinFLEX Unveil Website for Crypto Claims Trading

A new crypto exchange project by 3AC and CoinFLEX is making waves in the crypto industry with the launch of its official website and waitlist on February 9. The exchange, named “Open Exchange (OPNX),” promises to be the world’s first public marketplace for crypto claims trading and derivatives. The project was born from the aftermath of the collapse of the crypto market and the bankruptcy of 3AC in July. The founders of 3AC, Zhu Su, expressed that the new exchange aims to recover from past mistakes and advance the crypto industry through its innovative features. OPNX will provide real-time public

Mississippi is making strides towards becoming a hub for crypto mining
1 year ago 2 mins read

Mississippi Takes Steps to Support Crypto Mining Community

Mississippi is making significant strides towards becoming a hub for cryptocurrency mining with the recent passage of the Mississippi Digital Asset Mining Act. This legislation, which was authored by state Senator Josh Harkins and passed by the Senate on February 8th, provides legal protection for home-based cryptocurrency miners and mining businesses operating in areas zoned for industrial use. The bill addresses the challenges that digital asset mining has faced at the state and local level by prohibiting discrimination against miners. This includes preventing utilities from imposing discriminatory rates on mining businesses, exempting home and business miners from money transmitter status,

Blockchain scaling startup Dymension has completed a $6.7 million raise
1 year ago 3 mins read

Dymension Raises $6.7m and Releases Testnet for a Network of Modular Layer-2 RollApps

Tel-Aviv, Israel, 9th February, 2023 Blockchain scaling startup Dymension has completed a $6.7M raise and announced the release of its public testnet. Leading blockchain VCs and angel investors joined the round having been impressed by Dymension’s vision and execution. Dymension (‘Home of the RollApps’) is building a rollup development kit (‘RDK’) for their modular network of Layer-2 blockchains. The EVM-compatible rollups will be the first ever rollups to connect to the Cosmos and IBC ecosystem and operate as the IBC layer-2 network. Its public testnet will launch on February 15 with the mainnet to follow. A total of $6.7 million

Messari Releases Q4 2022 State of TRON and State of USDD Reports
1 year ago 6 mins read

Messari Releases Q4 2022 State of TRON and State of USDD Reports

Geneva, Switzerland, 10th February, 2023 Messari, a leading provider of blockchain research and data analysis, has released its quarterly reports on the State of TRON and the State of USDD for the fourth quarter of 2022. STATE of USDD  Their first report, “State of USDD Q4 2022,” showcases the performance of USDD, a stablecoin pegged to the US dollar, managed by the TRON DAO Reserve, and circulating on multiple blockchains, including TRON, Ethereum, and Binance. The report highlights that USDD saw continued growth in Q4 2022, in spite of the crypto winter, noting its circulation volume increased from a little over $6 billion to nearly

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