Cryptocoins News / Blockchain - 2 years ago
Cryptocurrency exchange OKX has notified its Canadian users that it will no longer provide services or allow new account openings in Canada, starting on March 24, 2023, due to new regulations. Existing Canadian customers must close open positions in...
Cryptocoins News / Blockchain - 2 years ago
FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a "fraudulent enterprise" used to conceal the issue of the firm's ownership. The complaint claims that the claims made by FTX...
Cryptocoins News / Blockchain - 2 years ago
A hacker who drained $197 million from Euler Finance returned 3,000 ETH ($5.4 million) to the deployer address, following a $1 million reward announcement by Euler Finance. The attacker used a multichain bridge to transfer funds from the BNB Chain to...
Cryptocoins News / Blockchain - 2 years ago
The lawyer representing Sam Bankman-Fried in the FTX case is preparing to present a revised bail package to the judge after he expressed concerns about the entrepreneur's use of encrypted-messaging apps and VPN services while on bail. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Binance has responded to a letter from U.S. Senators sent earlier this month requesting information about the crypto exchange’s operations in the country, including its balance sheet. Despite omitting financial data from the letter, Binance reportedl...
Cryptocoins News / Blockchain - 2 years ago
Former Coinbase chief technology officer Balaji Srinivasan has placed a bet worth $1 million on Bitcoin's price reaching $1 million by June 17. Srinivasan accepted the wager from pseudonymous Twitter user James Medlock, who bet $1 million that the Un...
Cryptocoins News / Blockchain - 2 years ago
The Mid-Size Bank Coalition of America (MBCA) has requested that the US Federal Deposit Insurance Corporation (FDIC) extend insurance on all deposits for the next two years, which would immediately halt the outflow of deposits from smaller banks and...
Cryptocoins News / Blockchain - 2 years ago
Swiss regulators are reportedly considering emergency measures to accelerate the acquisition of Credit Suisse by UBS, Switzerland's largest bank. The Swiss National Bank and the Swiss Financial Market Supervisory Authority believe that the acquisitio...
Cryptocoins News / Blockchain - 2 years ago
HSBC UK Bank, which acquired Silicon Valley Bank UK for just one pound, has reportedly approved multi-million-pound bonuses for its staff and senior executives. The bonus pool, totaling between £15m and £20m, was described as "modest" by insiders and...
Cryptocoins News / Blockchain - 2 years ago
The recent fall of major banks in the US has reignited discussions about the most effective ways to safeguard the economy. Economist Peter Schiff argues that increasing banking regulations could contribute to a worsening economic crisis, while a grou...
Cryptocoins News / Blockchain - 2 years ago
The $197 million DeFi hack on Euler Finance has been linked to North Korea after blockchain investigator Chainalysis identified that 100 ETH from the stolen funds was transferred to an address associated with North Korea-linked actors. While Chainaly...
Cryptocoins News / Blockchain - 2 years ago
FTX founder Sam Bankman-Fried allegedly sought federal regulation for the crypto exchange before its collapse and his resignation as CEO. A leaked email exchange with a top regulator showed Bankman-Fried's intent to meet with the Federal Deposit Insu...
Cryptocoins News / Blockchain - 2 years ago
Cryptocurrency exchange Binance has replaced its Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT) in response to Paxos' move to stop minting new BUSD. SAFU is an emergency insurance fund esta...
Cryptocoins News / Blockchain - 2 years ago
Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed s...
Cryptocoins News / Blockchain - 2 years ago
FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had...
Cryptocoins News / Blockchain - 2 years ago
Representatives from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve will testify before the United States House Financial Services Commission in a hearing investigating the collapse of Silicon Valley Bank and Signature Bank. Law...
Cryptocoins News / Blockchain - 2 years ago
Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has alre...
Cryptocoins News / Blockchain - 2 years ago
Microsoft is reportedly creating a Web3 wallet for its Edge browser that supports both cryptocurrencies and NFTs. The wallet is said to be noncustodial, with no access to passwords or recovery keys, and will feature integration with crypto exchange C...
Cryptocoins News / Blockchain - 2 years ago
Ethereum co-founder Vitalik Buterin has highlighted the importance of having a diverse group of "guardians" for maximizing the safety of self-custody crypto assets via multisig and social recovery wallets. Buterin advised decentralizing wallet guardi...
Cryptocoins News / Blockchain - 2 years ago
The hacker who drained $197 million from Euler Finance in the biggest DeFi hack of 2023 so far reportedly returned around $5.4 million in Ether to the company. The funds were sent in three transactions from the hacker's address to Euler Finance's dep...
Cryptocoins News / Blockchain - 2 years ago
The lawyer representing crypto entrepreneur Sam Bankman-Fried will present a revised bail package to Judge Lewis Kaplan after Kaplan expressed concern about Bankman-Fried's use of encrypted messaging apps while out on bail. The entrepreneur had used...
Cryptocoins News / Blockchain - 2 years ago
Binance has responded to a letter from US senators requesting information about the exchange's operations in the US, but it did not provide the financial data requested. The exchange's chief strategy officer recognized past mistakes and emphasized th...
Cryptocoins News / Blockchain - 2 years ago
MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equa...
Cryptocoins News / Blockchain - 2 years ago
Coinbase NFT has launched a new "Creator Hub" that provides a slew of tools for NFT creators to launch and market a collection. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Yuga Labs has made millions on a new NFT collection it minted in the next step of its “Dookey Dash” web game. (Read More)
