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Following Nexo’s settlement with US Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA), the lending company planned to stop its Earn Interest Product for its U.S customers. The leading lending company Nexo announced in its February 10th blog post that it decided to ban its
The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is
The SEC’s recent move to investigate some crypto staking offerings in the United States has captured the attention of the global cryptocurrency community. After Kraken’s settlement with the government. Many people expected Coinbase to have to do the same, thus the biggest US-based exchange decided to speak out. Paul Grewal,
Although it has only been a few months since India joined the CBDC race. The government has no plans to accelerate its central bank digital currency (CBDC) trial. On February 8th, as per reports, the country’s new CBDC trial has already attracted 50,000 customers. And 5,000 merchants since the Reserve
A set of blockchain commerce tools launched by crypto-friendly e-commerce giant Shopify . This aim to enhance the user experience of their Web3-focused stores hosted by the platform. Improved crypto wallet connect abilities and tokengating application programming interface (API) tools have received special attention. Previously only available to a restricted
To the tune of $3.6 million in cryptocurrency, an assault on the reentrancy vulnerability of the decentralized finance (DeFi) protocol dForce has resulted in the theft of funds. Curve Finance is an automated market maker (AMM) platform. That uses the Arbitrum and Optimism blockchains, and its vault was the target
In recent months, Reddit’s Collectible Avatars initiative has provided millions of users with free NFTs, making it a model of efficiency as a Web3 on-ramp. Reddit is ready to achieve yet another landmark owing to a new partnership with the NFL on free Super Bowl NFTs. Since its release on
Ten trademark registrations from Yuga Labs have been challenged by one of the creators of the Bored Ape Yacht Club ripoff NFT collection RR/BAYC. This altercation in the continuing legal battle over intellectual property rights between RR/BAYC founders Ryder Ripps and Jeremy Cahen. And also BAYC creators Yuga Labs is
According to its annual filing to the Securities and Exchange Commission, payments giant Paypal possessed more than $500M worth of the two major cryptocurrencies as of December 31, 2021. Included in the total were $291M in Bitcoin (BTC) and $250M in Ethereum (ETH). In addition to the $534 million in
Vortex Protocol was acquired by the widely used Ethereum-based decentralized exchange (DEX), SushiSwap today for an undisclosed sum. The on-chain trading platform, which will be rebranded as part of SushiSwap. Moreover, it will be built on Sei Network, a blockchain that employs Cosmos’s technology. In the future, users of the
