Cosmos-based networks Umee and Osmosis have announced their plans to merge through a software upgrade. This merger will involve reimplementing Umee’s UX Chain code on the Osmosis chain, creating a “DeFi Hub” for the Cosmos ecosystem. Umee is a decentralized lending protocol that operates on its own dedicated Cosmos chain, while Osmosis is a prominent […]
Decentralized autonomous organization Mantle has launched a liquid staking protocol on the Ethereum blockchain. This protocol allows users to deposit ETH and engage in network staking while receiving Mantle-staked ether (mETH) as a token reflecting their stake. The protocol aims to address the concentration of ether stakes within major providers by offering an alternative solution […]
Decentralized autonomous organization Mantle has launched a liquid staking protocol on the Ethereum blockchain. This protocol allows users to deposit ETH and engage in network staking while receiving Mantle-staked ether (mETH) as a token reflecting their stake. The protocol aims to address the concentration of ether stakes within major providers by offering an alternative solution […]
South Korean financial regulators have called on consumers to report any unlicensed cryptocurrency exchanges operating in the country. The Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA) are collaborating on this initiative. The largest virtual asset exchanges in South Korea, including Coinone, Korbit, Gopax, Upbit, and Bithumb, are part of DAXA. Reports […]
South Korean financial regulators have called on consumers to report any unlicensed cryptocurrency exchanges operating in the country. The Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA) are collaborating on this initiative. The largest virtual asset exchanges in South Korea, including Coinone, Korbit, Gopax, Upbit, and Bithumb, are part of DAXA. Reports […]
FTX, a cryptocurrency exchange, is challenging the Internal Revenue Service’s (IRS) estimated tax claims of $24 billion, arguing that they are exaggerated and unsupported by evidence. The IRS claims are seen as a potential obstacle to the approval of FTX’s Chapter 11 plan. FTX asserts that the claims are disproportionate to its earnings and potential […]
FTX, a cryptocurrency exchange, is challenging the Internal Revenue Service’s (IRS) estimated tax claims of $24 billion, arguing that they are exaggerated and unsupported by evidence. The IRS claims are seen as a potential obstacle to the approval of FTX’s Chapter 11 plan. FTX asserts that the claims are disproportionate to its earnings and potential […]
Financial regulators in South Korea have issued an update urging users to report any unlicensed cryptocurrency exchanges operating in the country. The Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU) are working together on this initiative. DAXA consists of five major virtual asset exchanges in South Korea, including Upbit, Bithumb, Coinone, Korbit, […]
Financial regulators in South Korea have issued an update urging users to report any unlicensed cryptocurrency exchanges operating in the country. The Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU) are working together on this initiative. DAXA consists of five major virtual asset exchanges in South Korea, including Upbit, Bithumb, Coinone, Korbit, […]
Binance, the world’s largest cryptocurrency exchange, has announced Richard Teng as its new CEO. Teng, previously the head of regional markets for Binance, has taken over from Changpeng ‘CZ’ Zhao, who stepped down following charges from the U.S. Department of Justice. Teng’s main focus is on ensuring compliance and has invested in building a strong […]
