Indian crypto exchange WazirX’s CEO Nischal Shetty has requested users to approve a restructuring scheme post the hack. At least half of the creditors must vote in favor of the Scheme for it to be approved. And each class’s value-weighted creditors must be present and vote for it to pass.
19 hours ago 2 mins read
In a statement made on February 25, Bybit said that it had registered with the Indian government and that all services had been restored to customers in the nation. The registration follows Bybit’s January 31st penalties of 9.27 crore rupees ($1.06 million) for a violation of the Prevention of Money
February 25, 2025 2 mins read
The USDC and EURC from Circle have received recognition by the Dubai Financial Services Authority (DFSA), following their approval in the EU and Canada. The green light means that businesses in the DIFC will start using the stablecoins on a large scale. A press release states that Circle, the issuer
February 24, 2025 2 mins read
A leading global cryptocurrency exchange, KuCoin, has made the announcement that KuCoin EU Exchange GmbH is now in the process of submitting an application for a MiCAR license in the country of Austria. As KuCoin prepares for its entrance into the European Union and the European Economic Area (EU/EEA), this application
February 21, 2025 5 mins read
Somnia, a Layer 1 blockchain built for fully onchain, high-demand consumer apps, has revealed that Improbable and MSquared would contribute up to $270M in combined capital to its ecosystem. As Somnia prepares for the launch of its testnet, the venture builder Improbable’s strategic backing is a welcome boost. Following the successful completion of
February 18, 2025 3 mins read
A strategic soft merger proposal has been made by THENA, the trading hub and liquidity layer based on BNB Chain, with Venus Protocol, one of the biggest lending and borrowing platforms in the ecosystem. Pending Venus DAO approval, the initiative will establish an integrated DeFi ecosystem that simplifies lending, borrowing, and
February 17, 2025 2 mins read
In a notable divergence from the prevailing cryptocurrency market downturn, Litecoin (LTC) has experienced a significant rally over the past few days. This surge is attributed to increased accumulation by large investors, commonly referred to as “whales,” indicating a growing confidence in LTC’s potential for further gains. On-chain analytics reveal
February 12, 2025 2 mins read
A gamified virtual fair that was developed expressly to promote Flare’s DeFi possibility for crypto natives, amateurs, and experts alike is what Blockchain for data Flare is calling the Flare Fair, and it is about to open its doors to the public. The microsite for the fair functions continually in “phases,” with
February 7, 2025 3 mins read
The support that leading decentralized exchange PancakeSwap provides for Orbs-powered protocols dLIMIT and dTWAP has been extended to include Arbitrum, Linea, and Base. With this new development, PancakeSwap’s advanced trading features are expanded beyond the BNB Chain deployment that is already in place. As a result, it now provides better order execution
February 6, 2025 3 mins read
With the announcement of Blocksquare SARL’s establishment in Luxembourg, Blocksquare became the first platform to directly integrate with land registries via notarized agreements for tokenizing real estate assets in accordance with EU legislation. Blocksquare’s Notarized Real Estate Tokenization Framework, a legal framework that allows property owners to tokenize economic rights
February 5, 2025 2 mins read