Binance, the world's largest crypto exchange, has secured approval from Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). The exchange has been granted Financial Services Permission (FSP), allowing it to provide services to clients. An official...
Bankman-Fried took to Twitter on Wednesday to inform his followers that "there was too much leverage—more than I realized" in his business. This came barely hours after he stated that FTX US had sufficient funds to reimburse customers. The...
According to JS Held, a New York consulting firm has revealed that the Luna Foundation Guard (LFG) spent $2.8 billion defending its stablecoin $UST’s peg. The LFG disclosed the audit report via its Twitter handle. The audit was carried...
The contagion effect of the FTX liquidity crunch seems not to be letting up. Another exposed firm, Genesis, the crypto lending unit of Genesis Global Trading, has halted withdrawals and the issuance of new loan permits. The announcement was...
Binance Labs has made a $4 million investment in Ultimate Champions, a new fantasy sports app. Binance announced this investment via a blog post. The funding will help Ultimate Champions expand their reach, develop more games, and advance the...
Nike has unveiled "Dot Swoosh," a new Web3 platform. The footwear and apparel company has shown interest in Web3 technology, as well as the Metaverse and NFTs. Its first foray into new territory was the purchase of RTFKT, a...
Ripple Labs has been battling the SEC for nearly two years. A lawsuit was filed against them for unlawful sales of $1.3 billion worth of XRP tokens. According to the SEC, XRP is a security token that should have...
Circle, the company behind the USDC stablecoin, recently announced support for Apple Pay. This move aims to bridge the gap between cryptocurrencies and traditional payment methods. This could increase sales for businesses that only accept traditional payments by allowing...
Users of Crypto.com are concerned after CEO Kris Marszalek admitted that his exchange sent 320,000 ETH, about $400 million at the time, by mistake to a public address listed at a competitor exchange. Transaction records from Etherscan reveal that...
One of the largest cryptocurrency exchanges, FTX, went bankrupt, signalling a new era in decentralized finance. Users are panicking and moving their money from centralized exchanges to wallets and decentralized exchanges (DEXs). In the last 30 days, two DeFi...
