Tue, February 4

Nexo Pays $45M to Resolve SEC and State Regulator Charges

Nexo Capital Inc, a significant lending platform, has agreed to pay $45 million in penalties to settle charges brought by the Securities and Exchange Commission (SEC) and state regulators. For failing to register the offer and sale of its retail crypto asset leading products, known as Earn Interest products. As

January 20, 2023 2 mins read

Paxos & MakerDAO Partnership, Helps Latter Earn Revenue

Paxos, a stablecoin issuer, considered paying MakerDAO a recurring charge for keeping up to $1.5 billion in Pax USD (USDP) stablecoin reserves.  As per the proposal, to encourage the use of USDP within the Maker ecosystem and increase the USDP PSM Debt Ceiling to 1.5B USDP, Paxos will send MakerDAO

January 20, 2023 2 mins read

Current FTX CEO John Ray III Plans Relaunching the Crypto Exchange

John J. Ray III, the company’s newly appointed CEO, has said that he is looking at reviving the bankrupt cryptocurrency exchange. While also making good on debts to FTX’s customers and creditors. Former Enron restructuring Chief Ray has promised to investigate all viable options and implement the best ones. In

January 19, 2023 1 min read

Binance Announces Stringent Set of Rules Towards NFT Listing

Binance said on January 19 that it will be increasing the requirements for listing non-fungible tokens (NFTs). All non-fungible tokens (NFTs) that were posted on Binance before October 2, 2022, and that had a daily trading volume of less than $1,000 between November 1, 2022, and January 31, 2023, will

January 19, 2023 1 min read

DEX Aggregator 1inch Network Launches New Hardware Wallet

One of the most well-known DEX aggregators, 1inch Network, has now released its own multi-coin hardware wallet, further diversifying its ecosystem. The 1inch Foundation has funded the last phases of development of the cryptocurrency wallet, and it is scheduled to be on sale later this year. Hardware wallets, also known

January 19, 2023 2 mins read

OKX Reserves 100% Clean Assets than Major Crypto Exchanges

Today the world’s second-largest cryptocurrency exchange OKX ‘OKEx’ has released a “Proof-of-Reserves” (PoR) report that reveals the detailed breakdown of the assets the exchange has in its reserves. OKX’s third monthly PoR report disclosed $7.5 billion in BTC, ETH, and USDT held by the crypto exchange, which does not include

January 19, 2023 2 mins read

US Regulators Strike Down Bitzlato for a $700M Crypto Crime

Hong Kong-origin crypto exchange Bitzlato is shut down by the trio-union regulators – the US Department of Justice, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and French Law Enforcement. As per charges, the exchange is subjected to international enforcement action against money laundering and crypto crimes. U.S. Attorney Breon

January 19, 2023 2 mins read

Ripple CEO Says the SEC Lawsuit Will Be Resolved Soon

The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement

January 19, 2023 2 mins read

BitMart Exchange Announces $CORE Listing

Crypto firms and platforms have demonstrated their positive stamina despite the bearish market conditions that witnessed the negative trends of significant cryptos such as Bitcoin and Ethereum. The listing of new coins and tokens has been kept alive by exchanges that create more liquidity in the market. This will help

January 19, 2023 2 mins read

Crypto Exchange Binance Receives Regulatory License in Poland

Binance, the biggest cryptocurrency exchange in the world, has stated that its services in Poland now conform to all local regulations governing the provision of virtual asset service providers (VASPs). In order to keep utilizing Binance Poland’s services, Polish customers must agree to the company’s updated Terms and Conditions. Binance

January 18, 2023 1 min read
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