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Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan
27.3.2023
The approved proposal aims to set a new foundation for the largest decentralized lending protocol’s major restructuring called “Endgame.”
MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan
24.3.2023
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented
Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan
22.3.2023
Custody account holders with the now-bankrupt crypto lender Celsius will be able to get back 72.5% of their holdings, as long as they agree to a settlement plan.
The settlement plan has now been approved by Judge Martin Glenn in the US Bankruptcy Court for the Southern District of New York,...
Credit Suisse rescue plan may include nationalization, bondholder losses
19.3.2023
A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
16.3.2023
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications...
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
12.3.2023
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
12.3.2023
An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom
AAVE DAO votes for 'rescue plan' to save lost tokens
10.3.2023
The plan intends to allow developers to recover tokens from certain AAVE contracts and send them to owners who transferred them by mistake
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
Iran’s Crypto Rial Project Enters Trial Phase
10.3.2023
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares...
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
9.3.2023
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...
SEC snubbed as Voyager wins court approval for sale to Binance US
8.3.2023
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final
Binance.US Can Move Ahead With Plan to Acquire Voyager Digital's Assets, Judge Rules
7.3.2023
Binance should be allowed to buy assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion, Michael Wiles, a bankruptcy judge in the Southern District of New York, ruled today
FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved
7.3.2023
FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens
6.3.2023
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that...
CoinEx Introduces Strategic Trading to Help Users Set out Sound Investment Plans and Stay Ahead
6.3.2023
PRESS RELEASE. In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, a trading strategy refers to a predetermined plan or trading behavior designed to help...
Pakistan Banks to Use Blockchain Technology for KYC
6.3.2023
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated...
SEC objection to Voyager-Binance.US deal questioned by US judge
3.3.2023
A U.S. judge scolded the SEC over its non-specificity on its objection to Voyager’s restructuring deal and asked for specifics on its concerns