Binance, one of the world’s leading cryptocurrency exchanges, has recently exited the Russian market. This has caused a surge in clients seeking alternative platforms for their cryptocurrency trading needs. CommEX, the company that assumed Binance’s operations in the country, was initially projected to attract approximately one million clients. However, it has been encountering difficulties in […]
JPEX, a crypto exchange, has proposed a plan to transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. The voting for the plan was completed on Sept. 28, with 68% of users voting in favor. The scheme involves […]
A jury of 12 individuals, nine of whom are women, have been selected to decide the fate of former FTX CEO Sam Bankman-Fried. The jurors range in age from the early 30s to the late 60s and come from various industries, including health, financial, legal, IT, and education. Five of them are university-educated. The potential […]
Sam Bankman-Fried, co-founder of FTX, is currently on trial for alleged fraud and campaign finance violations. On the second day of the trial, Ryan Salame, a prominent FTX executive, appeared in court and pleaded guilty to conspiracy charges. During his plea, Salame revealed that he had made substantial political contributions under the direction of Bankman-Fried.In […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine Julliard, who spoke of learning about the crypto exchange from a friend and seeing advertisements for the firm by Gisele Bündchen. Julliard […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, which is dedicated to transforming TON into an accessible platform as a simple gateway […]
Celsius Network, a bankrupt digital asset lender, has presented a restructuring plan in a US bankruptcy court filing that will generate funds for a new corporate spinoff, dubbed “NewCo”, and repay customers. The plan provides for a distribution of at least $2.03 billion of cryptocurrency to creditors, subject to fluctuations in the cryptocurrency market. NewCo […]
Jayanti Kanani, one of the co-founders of Polygon (MATIC), recently announced his departure from the company. His partner, Sandeep Nailwal, expressed his emotions on social media, wishing Kanani well. Polygon has had a successful year, with the launch of Polygon 2.0 and the open-sourcing of its Web3 ID solution. However, the company has faced some […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange, has announced a significant investment in The Open Network (TON) – the largest layer-one investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, a non-profit organization founded in Switzerland in 2023.The Open Network (TON) is putting […]
