Recently released records indicate that London-based crypto lending firm Nexo has completed the necessary procedures to have its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd., removed from the United Kingdom’s companies register. Nexo co-founder Antoni Trenchev was quoted in a recent Bloomberg article as saying the
Pepe, the frog-themed memecoin is witnessing a downfall in price as well as in token holders. Post the controversy between the Coinbase exchange and Pepe coin, this is a sink for the token’s fame. In earlier weeks, the token stood out among the alt and memecoin community, for establishing high
Elon Musk’s hunt to find a new CEO for the microblogging social media platform, Twitter, has finally come to an end. After a few months of taking over the position at Twitter, his search appears to be over. The Twitter boss announced on May 12th that he has hired a
David Schwartz, the CTO of Ripple, has commented on the dispute related to Ben “BitBoy” Armstrong’s decision to join the BEN coin team. David Schwartz, took to Twi tter to express his complete agreement. That the BEN meme coin project is a rug pull, particularly in light of Armstrong’s decision
Bitcoin (BTC), the world’s largest cryptocurrency, has shown a continued surge in recent days. Bitcoin’s transaction fee has hit an all-time high in the last two years, reaching the $30 mark. The average cost to send BTC on the mainchain is now $14. Bitcoin transaction fees have come off the
Beijing’s National Blockchain Technology Innovation Center, which has been in the works since its February announcement, began operations on May 10. In order to advance blockchain technology in China. The center will work with Chinese educational institutions, think tanks, and blockchain companies. More than half a million distributed ledger technology
Binance, the biggest cryptocurrency exchange in the world, said on Thursday that it has integrated the Conflux Network (CFX) mainnet. Conflux Network (CFX) listing in March 2021 was announced, however, trading was limited to BEP20 CFX tokens. Binance has finished integrating the Conflux Network (CFX) mainnet, the exchange said formally
After closing in March, Silvergate Capital, a cryptocurrency-friendly bank that served industry giants like Coinbase and Gemini, is continuing to wind down. On Thursday, the company announced it would be laying off 230 workers, leaving only a core group of 80 to oversee the liquidation. A rough year for Silvergate
As on May 18, 2023, Binance will reduce the time it takes to process withdrawal requests for ETH Staking from 15 days down to just five. While this change should boost staked Ethereum user convenience and adoption. It raises the question of whether the increased selling pressure on the ETH
After being detained on an international warrant and accused of traveling with phony papers, controversial crypto entrepreneur Do Kwon filed a not-guilty plea in a Montenegrin court. The 31-year-old CEO of Terraform Labs and the company’s ex-CFO, Han Chang-joon, were arrested in March at the airport in Podgorica, Montenegro’s capital,
