Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be
August 8, 2023 2 mins read
The proposal to prohibit further CRV borrowing was supported by 100% of the Aave community. The community has been advised by risk management company Gauntlet to avoid the liquidation risk of Curve Finance founder Michael Egorov’s debt, which might cause a ripple effect and perhaps a DeFi meltdown, by prohibiting
August 7, 2023 1 min read
Fears of bankruptcy and reports that Chinese authorities are investigating Huobi’s management led to $64 million in withdrawals during the weekend. Total value locked (TVL) on the exchange fell to $2.5 billion from $3.09 billion the previous month as speculations persisted. The top management of the exchange was allegedly detained
August 7, 2023 1 min read
A judge in Manhattan state court determined on Friday that New York Attorney General Letitia James may proceed with her civil fraud lawsuit against Alex Mashinsky, the founder and former CEO of the defunct crypto lender Celsius Network. James sued Mashinsky in January before the former CEO of insolvent crypto
August 6, 2023 1 min read
To enable the transmission of orders and signals to Bitcoin mining gears, Tether developers are releasing ground-breaking JavaScript libraries. Tether CTO Paolo Ardoino announced on Twitter that certain components of the mining software would be released as open source in the future. Improved efficiency in managing mining capacity is the
August 6, 2023 2 mins read
Valkyrie, a major participant in the financial industry, has filed a Form 497 detailing their ambitious goal to convert their current fund, $BTF, into a revolutionary dual Bitcoin and Ether Exchange-Traded Fund (ETF) ahead of time. Bloomberg’s ETF Analyst, Eric Balchunas, claims that on October 3rd, the company will take
August 5, 2023 2 mins read
As part of its marketing efforts, crypto derivatives trading platform Bitget recently revealed a one-year collaboration with actor and comedian Adam Devine. In a new commercial that went online on Friday morning, Devine advises viewers to “read the reviews before buying anything, because looks can be deceiving,” before turning to
August 5, 2023 2 mins read
HashKey Exchange is the first cryptocurrency exchange in Hong Kong to get a license to operate for retail clients under the region’s new crypto guidelines, which are designed to turn Hong Kong into a global cryptocurrency center. HashKey Group, which includes virtual asset exchange HashKey Exchange in Hong Kong, made
August 3, 2023 1 min read
The Australian Securities and Investments Commission (ASIC) has launched a lawsuit against eToro, a stock and crypto trading platform. This is over allegedly allowing its users to engage in “high risk” leverage derivative products, specifically CFDs. On Thursday, August 3rd, ASIC released a statement claiming that eToro Aus Capital Ltd.
August 3, 2023 2 mins read
BlackRock, a firm that manages $9 trillion in assets, is under investigation by the US government for possible illegal Chinese investments. Legislators are concerned that Americans’ retirement savings are being used to prop up Chinese companies that the United States has blacklisted due to security and human rights concerns. According
August 2, 2023 2 mins read