Day: 21 March 2023

OKX, the world's second-largest cryptocurrency exchange by trading volume, has published its fifth monthly Proof-of-Reserves (PoR) report. The report shows that OKX holds $8.9 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with reserve ratios of 103% for both BTC and ETH and 102% for USDT. OKX has been ...

Arf, a regulated settlement banking platform in Switzerland, has partnered with the Stellar Development Foundation to offer a new financing solution for licensed financial institutions. This solution is the first in the world to offer unsecured, short-term financing options based on US Dollar Coin (USDC).  According to the report, this ...

The Australian Prudential Regulation Authority (APRA) has requested local banks report on their cryptocurrency transactions and disclose their exposures to startups and crypto-related companies.  The regulatory body is seeking to obtain a deeper understanding of potential risks and exposures in the system and, as such, has requested daily updates from ...

On March 20, 2023, Coinbase, a cryptocurrency exchange based in the United States, submitted a petition to the U.S. Securities and Exchange Commission (SEC) challenging the classification of stakes as securities.  Americans love their stake. Here’s why we need to keep staking–the accountant of the blockchain–in the U.S. ???? pic.twitter.com/hPeM99LI3e ...

Jatinder Singh, the Crypto.com customer who was accidentally sent $10.5m million (AUD) from the exchange in 2021 and subsequently got sued by the exchange, has been granted bail by an Australian court. The prosecution attempted to persuade the Melbourne County Court on March 20, 2023, that Singh should be imprisoned ...

On March 21, 2023, ConsenSys announced a partnership between MetaMask and MoonPay, a web3 payment provider, to expand MetaMask's offering in Nigeria.  The partnership will enable Nigerian users to purchase cryptocurrency tokens directly from their MetaMask wallets using regional bank transfers. Previously, Nigerian users of MetaMask wallet had access to ...

According to reports, US officials are exploring the possibility of temporarily extending Federal Deposit Insurance Corporation (FDIC) coverage to all deposits in response to concerns raised by a group of banks about a potential financial crisis.  The Treasury Department staff are examining whether federal regulators have the necessary emergency authority ...