Michael Egorov, the founder of decentralized finance (DeFi) protocol Curve, has recently settled his loans on the lending platform Aave, reducing his debt position to $42.7 million across other DeFi protocols. According to the on-chain analytics platform Lookonchain, the Curve founder deposited 68 million CRV tokens, worth $35.5 million, to lending protocol Silo and borrowed […]
Four US Congressmen have written a letter to the SEC Chief Gary Gensler, demanding the approval of a Bitcoin ETF. The letter alleges discrimination against BTC ETF on the part of the SEC. The letter was penned by Representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel. It draws attention to Grayscale Investments’ recent […]
Bitget, a top crypto derivatives and copy trading exchange, is thrilled to announce the upcoming listing of PayPal USD (PYUSD), a stablecoin issued and hosted by Paxos Trust Company, LLC, on its trading platform starting today. This move reflects Bitget’s commitment to providing traders with a seamless and compliant trading experience.PYUSD is a stablecoin backed […]
Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX. The transition will last one year, and Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business. Binance CEO Changpeng Zhao says the company will […]
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has made it clear that most cryptocurrencies fall under the agency’s securities regulations.Gensler has been vocal about his stance on the matter, and has not wavered in his opinion that the SEC’s regulations should apply to the majority of digital assets.The SEC has […]
The US Securities and Exchange Commission (SEC) has delayed its decision on two spot Bitcoin ETF applications by ARK Invest and 21Shares and Global X, with the former postponed to January 2024. This means that investors and stakeholders may have to wait until next year to get such a product approved. In a letter published […]
Customers of the now bankrupt cryptocurrency lending platform BlockFi are closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing. The amount of repayment received by BlockFi’s unsecured creditors will […]
A group of U.S. Congress members have sent a letter to the Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the agency to approve the listing of spot-bitcoin exchange-traded funds (ETFs) immediately. The letter was signed by Representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel. The lawmakers argued that a regulated spot […]
The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets. Laser Digital CEO Jez Mohideen said of the ADGM that their comprehensive and clear regulatory framework is creating a global hub […]
HTX Global, a major cryptocurrency exchange, recently faced an $8 million Ethereum (ETH) breach. Justin Sun, the exchange’s advisor, responded swiftly and reassured the community that the platform prioritizes the security of user assets. To address the situation, HTX Global has introduced a series of initiatives, including a Secure Asset Fund for Users (SAFU) and […]
