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Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand


Canada-based Ledn announced Wednesday that it now offers loans backed by Ether, in response to significant client demand for the service. They begin with an annual interest rate starting at 10.4%.   The post Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand appeared first...

Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns


Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...

Switzerland’s PostFinance Starts Offering Crypto in Partnership With Sygnum


Switzerland’s PostFinance has partnered with the crypto bank Sygnum to launch a new retail cryptocurrency for its 2.5 million customers on Wednesday, as digital assets become an “integral part” of the financial world. The post Switzerland’s PostFinance Starts Offering Crypto in Partnership...

Sotheby’s EtherRock Auction Closes Wednesday, Expected to Fetch Over $600K


Sotheby’s, the 279-year-old British auction house, is expected to close the sale of an EtherRock (EthRock) non-fungible token (NFT) on Wednesday, in a sealed bid auction. The decentralized prediction market website Polymarket reflects that there is a 57% chance that the EtherRock NFT will sell...

Bitcoin ETFs Pose Long-Term Threat to Public Crypto Miners: Galaxy


Spot Bitcoin ETFs present long-term competition for publicly traded cryptocurrency miners, according to a Galaxy Research report published Wednesday. Galaxy analysts said that before these ETFs were approved, public mining stocks were one of the few ways investors could gain exposure to Bitcoin...

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients


Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed...

How Indonesia’s Election Outcome Will Impact Crypto


Indonesia, a trillion-dollar economy, is impossible to ignore. The country held its election on Wednesday with defence minister Prabowo Subianto and ex-governors Anies Baswedan and Ganjar Pranowo all competing to become the next president. In December, Indonesia’s Mayor Gibran Rakabuming...

SEC and NASAA Clamp Down on TradeStation with Hefty $3M Crypto Fine


The Securities and Exchange Commission (SEC) has taken action against TradeStation Crypto for failing to register the offer and sale of a cryptocurrency lending product that promised investors the opportunity to earn interest. On Wednesday, the Florida-based company agreed to settle the charges...

Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push


Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...

New Solana Meme Coin Smog Explodes Onto Jupiter DEX With Airdrop Campaign


Wednesday, February 7, 2024 – In a landmark launch for the Jupiter DEX, a new Solana meme coin called Smog (SMOG) has been revealed via a fair launch ahead of an upcoming major airdrop event.Much to the excitement of JUP holders and traders on the fresh-faced Jupiter DEX, the new Smog token...

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