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
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
Capital markets advisory and token offering platform Deal Box in the United States has announced the formation of a $125 million venture capital fund focused on blockchain and Web3 firms, as stated in a press release dated January 18. Deal Box founder and current chairman Thomas Carter stated: “Deal Box
Australia’s second native currency-backed stablecoin is going to be live soon, as regulated banks around the globe are turning their focus over the stablecoins. National Australia Bank (NAB) has developed an AUDN, having a one-to-one peg with the Australian dollar. Australia and New Zealand Banking Group Limited (ANZ) released the
Amid the pressure to speed up the burn rate, the Terra Classic community has burnt up almost 16 million LUNC tokens in less than a week. In 2023, validators and projects working with Terra Classic want to burn billions of Terra Classic (LUNC) to increase the burn rate. An estimated
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
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
On Monday, an unnamed trader who goes by the handle “Pokeee” paid over $1 million to “sweep” 69 DeGods NFTs. Using a technology that allows purchasers to “sweep the floor,” or acquire a specified amount of NFTs, Pokeee acquired the NFTs from a project via the Magic Eden marketplace. To
In an effort to preserve liquidity, venture capital company Digital Currency Group (DCG) has informed its shareholders that it would not be paying out its quarterly dividends until further notice. In a letter to shareholders dated January 17th. The company stated its intention on “strengthening our balance sheet by reducing
ConsenSys, an Ethereum development firm and the creator of the popular MetaMask wallet, has announced it would be laying off 11 percent of its staff. The announcement was made by CEO Joseph Lubin in a blog post earlier today. In light of what Lubin calls “challenging and uncertain market conditions,”
