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Binance Executive Rejects Comparisons With Collapsed FTX
11.9.2023
Richard Teng, the head of regional markets at Binance has stressed that the world’s largest cryptocurrency exchange has no operational similarity with collapsed FTX.
Speaking with Andrew Fenton, he addressed multiple issues facing the exchange ranging from regulatory issues, users, and...
Maple Finance Nearly Imploded, but Sid Powell Wants to Bring Back Its Billion Dollar-Plus Glory
11.9.2023
Last year’s crypto crash wiped out Maple Finance’s TVL as borrowers crumbled and lenders fled. In an interview with CoinDesk, the protocol’s co-founder and CEO lays out his plan for growth in an era of heightened risk management
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
France Moves To License TradFi and Crypto Influencers
11.9.2023
French authorities have rolled out a licensing program for influencers involved in financial products including cryptocurrencies citing investor protection concerns.
The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), two French...
Anchorage Digital CEO Highlights 'Widespread' Self-Custody Risks After Prime Trust Bankruptcy
11.9.2023
The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital.
Speaking in an interview with crypto news outlet Decrypt, Monica...
Friend.tech (TVL) Doubles To Reach Over $20 Million After Being Pronounced Dead
11.9.2023
Friend.tech, a decentralized social media platform, has experienced a rapid resurgence, with its Total Locked Value (TVL) nearly doubling to nearly $20 million in just the past four days.
This revival comes after a brief period of stagnation and skepticism. Launched on Coinbase's Layer 2 Base...
Animoca Brands Secures $20 Million for Mocaverse, A Web3-Native Gaming Tool Platform
11.9.2023
In the initial funding round for Mocaverse, a prominent project focused on creating Web3-native tools for enhancing products in gaming and entertainment, Animoca secured $20 million in investment led by CMCC Global.
In a press release dated September 11, Animoca Brands announced that it...
Decentralized Exchange Sushi Expands to Aptos Blockchain
11.9.2023
Sushi, the decentralized exchange (DEX) that has $350 million in locked value, has expanded its services to a layer-1 blockchain Aptos
Emoticon Token Shoots Up 1,000,000% and Blockchain Experts Say This Lesser Known Crypto is Next – How to Buy Early?
11.9.2023
As on-chain markets continue to witness sensational price moves, EmotiCoin (EMOTI) has exploded over-night in an almost unbelievable +1,000,000% skyrocket.
Market frenzy has been ignited around EmotiCoin's promise of a Reverse Split protocol - a deflationary mechanism that reduces total supply...
El Salvador's Education Ministry Introduces Bitcoin Learning in Schools
11.9.2023
Two years after bitcoin (BTC) was established as legal tender in El Salvador, the Ministry of Education has begun a pilot program "that could bring Bitcoin education to every school in the country in 2024."
According to the announcement on the morning of September 7, the pilot program launched...
Sushi makes waves with Aptos Blockchain expansion!
11.9.2023
Sushi, the well-known decentralized finance (DeFi) project, is going on an exciting growth adventure, for the first time stepping beyond the Ethereum environment to interface with the Aptos blockchain. Sushi’s foray into a blockchain that does not natively support the Ethereum Virtual Machine...
Coinbase CEO Brian Armstrong Asserts the Power of Crypto Voting Block that DC Don’t Realize
11.9.2023
Brian Armstong, CEO of the Coinbase crypto exchange, stressed the power of crypto voting blocks in the upcoming 2024 United States elections. He believes that the politicians don’t fully realize its importance.
“I don't think everybody in DC actually fully realizes how powerful the crypto voting...
India's Central Bank Explores New Features to Boost Digital Rupee Adoption
11.9.2023
The Reserve Bank of India (RBI) is actively collaborating with financial institutions to introduce innovative features aimed at popularizing the Central Bank Digital Currency (CBDC), Reuters reported.
Currently, retail CBDC transactions in India are averaging around 18,000 daily, significantly...
Visa explores USDC settlement payments on Solana blockchain
11.9.2023
Visa, a giant in the financial services industry, recently announced its expansion into USDC payments on the Solana blockchain. This news signifies a significant adoption of cryptocurrency for Visa and marks the first step towards borderless payments, carried out virtually with no intermediaries...
Coinbase Clarifies Reports of Service Discontinuation in India
11.9.2023
Coinbase has provided clarification on reports of terminating all exchange services for Indian users.
In emails sent to some of its Indian customers, Coinbase informed them that all services would cease after September 25, advising them to withdraw any remaining funds from their accounts. ...
What is Monero? A Brief History of the World’s Top Privacy Coin
11.9.2023
Monero currently occupies the foremost position among privacy cryptocurrencies in terms of market capitalization. The following Learning and Insights explainer briefly delves into the origins and development of Monero (XMR), emphasizing its distinctive features, such as anonymous transactions...
Arbitrum's fraud proofs haven't been used in the two years since it launched
11.9.2023
Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated
G20 Leaders Decide on Swift Implementation of Crypto Asset Reporting Framework
11.9.2023
G20 leaders have called to swiftly implement the Crypto Asset Reporting Framework (CARF) while endorsing synthesis paper proposed by IMF and FSB.
The G20 summit held over the weekend under the presidency of India saw a consensus among member nations to adopt a global framework to regulate...
Avalanche's HyperSDK blockchain upgrade hits 143K TPS on testnet
11.9.2023
Ava Labs is testing a high-throughput framework that will enable developers to build their own virtual machines
Is 2023 the year genuine cross-chain interoperability takes off?
11.9.2023
Blockchains need to become interoperable in order for the industry to truly flourish and several innovations will accelerate the ecosystem towards it, say executives