In a recent announcement, Binance Labs revealed its investment of $5 million in Curve DAO Token (CRV). This strategic collaboration aims to strengthen the DeFi platform after it experienced a recent attack. Yi He, Co-Founder of Binance and Head of Binance Labs, stated that the investment is a demonstration of the full support offered by
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Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC) has not only boosted market sentiment but has also ignited a surge in activity on the blockchain. In a significant development, XRP has now surpassed Ethereum in terms of daily transactions carried out on the Ripple Ledger. This milestone showcases the resilience
Bitstamp, a popular cryptocurrency exchange, has recently announced its decision to halt U.S. trading for several cryptocurrencies due to increasing regulatory concerns. The company revealed that it would be blocking U.S. users from trading Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). These delistings come
It has been reported that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in negotiations with federal prosecutors. These talks could potentially lead to Salame pleading guilty to criminal charges in relation to the collapse of the crypto exchange. The news of these negotiations was first reported by Bloomberg
ARK Invest CEO Cathie Wood has recently made a bold prediction that has set the financial world abuzz. Wood suggests that the United States Securities and Exchange Commission (SEC) may grant approval for multiple Spot Bitcoin exchange-traded funds (ETFs) simultaneously. This departure from the conventional sequential approval process could revolutionize the regulatory landscape and open
Blockchain.com, a leading cryptocurrency exchange, has obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has received in Singapore, following the in-principle approval granted in September 2022. With this new authorization, Blockchain.com aims to strengthen its compliance with regulators in the regions where it
The Federal Reserve Board has taken a significant step towards regulatory oversight of rapidly advancing technologies within the banking sector with the creation of the Novel Activities Supervision Program. This program aims to oversee complex partnerships with non-banks, crypto-asset-related activities, distributed ledger technology, and concentrated provision of banking services to crypto-asset-related entities and fintechs. By
PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
Cryptocurrency exchange Kraken has recently announced that it will be listing two Reddit cryptocurrency tokens, namely MOONS and BRICKS, on its platform. As of August 7th, users can now trade these tokens on both Kraken and Kraken Pro, across spot and futures markets, as well as through USD and EUR trading pairs. In addition to
In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
