South Korea’s second-largest city Busan will launch the first decentralized digital commodity exchange in the world, where all goods will be tokenized and traded using blockchain technology. The announcement came as its earlier plan to pursue a city-backed cryptocurrency trading platform. However, according to a press release from the Busan
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
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
Kana Labs, a DeFi platform that enables hassle-free and lucrative crypto lending, borrowing, and earning possible for users, recently made an official statement on its partnership with Shardeum. The prominent DeFi project announced this good news to the DeFi community through its official Twitter account. Kana is proud to announce
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
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
The news that Binance, the biggest cryptocurrency exchange in the world, would be delisting Beam (BEAM) caused its price to plummet. According to statistics compiled by CoinMarketCap, BEAM has lost 30% of its value in the previous 24 hours. The cryptocurrency exchange said that the BEAM token did not match
Another media outlet, CoinDesk, has run into problems only hours after it was reported that DCG’s cryptocurrency trading arm, Genesis, intends to file for bankruptcy. DCG’s own media outlet has retained the services of the Lazard Group. As financial consultants in preparation for a sale. CoinDesk would be leaving Barry
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
Yuga Labs, the creators of the most popular BAYC & MAYC NFTs, have tagged four secondary NFT marketplaces, LooksRare, Blur, Sudoswap, and NFTX, under the “deny list” of its new NFT drop – “Sewer Pass.” This ban prevents the wallet addresses of these platforms from claiming the NFT and playing
