The Bank for International Settlements (BIS) has progressed its cross-border payments initiative, Project Mandala, a blockchain-based payment solution for cross-border transactions, to the proof-of-concept stage. According to an October 28 statement by the institution, during this proof-of-concept phase, all...
Ethereum-based decentralized finance (DeFi) protocol Ethena Labs is under investigation following allegations from crypto investigator “Nomad” that its development team engaged in an internal crypto-farming event. The investigator claimed that the Ethena team holds around 25% of the staked...
Hong Kong's financial regulator, the Hong Kong Monetary Authority, has teamed up with the central banks of Thailand and Brazil to explore tokenization use cases in cross-border finance. In a press release on October 28, the HKMA announced that...
Hong Kong Exchanges and Clearing Ltd. (HKEX) on October 28, announced plans to launch new crypto price indexes, aiming to provide a reliable benchmark for the rapidly expanding digital asset market. The "HKEX Virtual Asset Index Series," set to...
A United States appeals court has upheld a lower court's decision to reject a lawsuit against Lemonade Insurance, brought by a Virginia homeowner seeking coverage for a $170,000 loss from a cryptocurrency scam. The Fourth Circuit Court of Appeals...
Thailand's cryptocurrency landscape is undergoing a significant transition as it pivots from retail to institutional investments, according to Nirun Fuwattananukul, CEO of Binance Thailand. In an opinion piece recently published by the Bangok Times, Fuwattananukul noted that this shift...
Binance has announced its support for Aragon’s (ANT) latest initiative, offering ANT token holders the opportunity to exchange their tokens for Ethereum (ETH). In an official statement released on October 24, 2024, the crypto exchange confirmed that the Aragon...
Bitget has teamed up with Solayer, a Solana staking platform, to launch a liquid staking offering for Solana (SOL). According to a press release shared with DeFi Planet, this new service enables users to stake their SOL tokens using...
Binance has announced its intention to delist multiple tokens in the coming weeks. In a press release published today, October 23, the exchange confirmed that it will remove several tokens, including Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1...
Ripple's recent transfer of 60 million XRP tokens has stirred speculation within the XRP community, as many question whether the move is tied to the company's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). According to...
