Binance had decided to take action and become involved by monitoring what was happening at Curve. The majority of the cash that cybercriminals took through the DeFi protocol Curve Finance earlier this week has reportedly been frozen or recovered, as stated by the CEO of Binance, Changpeng Zhao. CZ disclosed on the 10th of August … Read more
Defi lending protocol Maple Finance has initiated a liquidity pool with a total value of thirty million dollars, which is supported by Maven 11, a crypto-native investment firm based in the Netherlands. Maven 11 has announced that the introduction of the lending pool will assist institutional businesses in their search for new income alternatives. Liquidity … Read more
A civil enforcement action was brought against a man by the Commodity and Futures Trading Commission (CFTC) today. The guy is accused of conducting a Bitcoin Ponzi scheme with a total value of $12 million in order to fund his extravagant lifestyle. Rathnakishore Giri of New Albany, Ohio, is accused of pretending to be a … Read more
The action was taken a month after Vauld halted withdrawals in July. The Enforcement Department (ED) has frozen bank deposits worth Rs 64.67 crore belonging to WazirX. The ED is taking this most recent action as part of its continuing investigation into possible instances of money laundering involving at least ten cryptocurrency exchanges. In a … Read more
Hodlnaut, a cryptocurrency lender based in Singapore, has suspended withdrawals due to difficult market conditions. On Monday, the cryptocurrency lending & borrowing platform Hodlnaut, which is based in Singapore, made the announcement that it has temporarily halted client withdrawals, exchanges, and deposits. The company stated that the move was prompted by “challenging market conditions” as … Read more
There were 105 websites that were taken down because they promoted the marketing of virtual currencies, published explainers on cross-border currency speculation, and pushed explainers on mining virtual currencies. Weibo and Baidu, two of the largest social media platforms in China, have each terminated 12,000 fraudulent accounts that promoted the purchase of virtual money. Users … Read more
On Thursday, blockchain data startup Coherent announced that it had successfully raised $4.5 million in a seed round of funding. A former platform engineer at Coinbase owns coherent. The funding round was collaboratively led by three venture capital (VC) firms that are known for their expertise in investing in seed and early-stage funds. Matchstick Ventures, … Read more
Binance United States has said that it will be blacklisting the AMP token “out of an abundance of caution” in light of the possibility that federal regulators will enforce their authority. After the token was mentioned in a legal action brought by the United States Securities and Exchange Commission, or SEC, Binance.US said on Monday … Read more
After recent conversations with the governments of several nations, the CEO of Binance, Changpeng “CZ” Zhao, pointed out the drawbacks of having separate cryptocurrency markets. As Binance continues to expand its operations around the world, the CEO of the global cryptocurrency exchange has been more involved in having policy-related conversations with a variety of nations. … Read more
Vitalik Buterin, the co-founder of Ethereum, thinks that none of the currently active initiatives by corporations to construct a metaverse are “going anywhere.” He cites Meta as an example of an initiative that he believes would “misfire.” Buterin said that while he believes “The metaverse is going to happen,” he does not believe that any … Read more