Orca, a prominent decentralized exchange based on Solana, has launched a fiat-to-cryptocurrency gateway after integrating the ‘Stripe’ payments service provider. Stripe’s first-ever integration with a decentralized exchange on any blockchain is happening right now, thanks to the Orca onramp. At launch, customers of Orca will be able to bypass the
The bankruptcy watchdog at the US Department of Justice (DOJ) demanded a separate investigation. Into the FTX Group’s demise on Thursday. Allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement” were made against the cryptocurrency exchange. Prompting the need for an independent investigation. The US Trustee, a branch of the Department
Recently, Alibaba Cloud has announced a number of partnerships with prominent networks and institutions; however, with its partnership with Avalanche, it has entered the crypto space, which will undoubtedly hasten the tech giant’s backing for Web3. On Friday, Avalanche announced that Alibaba Cloud will be joining their public blockchain as
Su Zhu and Kyle Davies, founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), have made a comeback on Twitter and in media appearances, and they have a lot to say about the demise of Sam Bankman- Fried’s FTX. However, neither they nor their legal team in Singapore
The company behind the USDT stablecoin, Tether, has reportedly been lending its coins to consumers rather than selling them for cash, according to a new report. Tether has been criticized for its lack of openness in not publishing the exact amount of USDT reserves it has, and the report claims
This past Friday, insolvent cryptocurrency lender Celsius Network reported that Galaxy Digital (GLXY), founded by Mike Novogratz, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps. Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for
Similar to Binance, INX has submitted a non-binding letter of intent to purchase troubled assets from defunct asset management Voyager Digital. INX CEO Shy Datika stated in a press release: “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers
As a result of the recent assault on Ankr, Binance has temporarily suspended withdrawals, as revealed by CEO Changpeng Zhao. Staking tokens on a proof-of-stake network is a breeze with Ankr since the service acts as a distributed node operator, eliminating the need for customers to invest in hardware. The
Almost 200 independent contractors working for the Australian Securities Exchange (ASX) on the integration of blockchain technology into its CHESS clearing and settlement system are scheduled to be let off. This comes after ASX earlier this month announced the end of a seven-year programme. For which it had budgeted $170
DAM Finance, also known as DAM, has evolved in its attempts to create a decentralized omnichain stablecoin solution to safely address the liquidity issues that the larger decentralized finance (DeFi) ecosystem is now experiencing. Also, the DAM Finance team has launched the Moonwalkers v1 testnet as part of ongoing initiatives.
