Summer.fi, a leading decentralised platform, has announced a new integration of Spark Protocol, which allows users to farm SPK tokens when borrowing DAI. Spark Protocol is a DAI centric money market protocol that combines the best liquidity from Maker and integrates with the best DeFi protocols. It is a decentralised, non-custodial liquidity market protocol where […]
Binance, the leading global cryptocurrency exchange, has launched a humanitarian initiative in response to the devastating earthquake that has struck Morocco. Binance Charity will donate $3 million in BNB (Binance Coin) to Moroccan users who had verified POAs before September 9, 2023. Additionally, Binance will give $25 in BNB to POA verification users between September […]
PayPal, the Silicon Valley payments giant, has launched a new service that allows users to convert their crypto assets to US Dollars. This comes after the company launched its on-ramp service that allowed customers to buy crypto. The off-ramp service is available to wallets, dApps and NFT marketplaces, and it’s also live on MetaMask.The company […]
Gala Games has been rocked by a scandal involving its co-founders, Eric Schiermeyer and Wright Thurston, who have filed legal charges against each other. Schiermeyer has accused Thurston of misappropriating 8.6 billion Gala ($GALA) tokens from the company’s wallets, while Thurston has accused Schiermeyer of misappropriating $600 million worth of Gala ($GALA) tokens and shareholder […]
Coinbase has increased the interest rate on USDC held on the exchange from 2% to 5%, a 150% increase. This reward mechanism is funded directly by Coinbase and is not subject to SEC scrutiny. The move is an attempt to increase adoption of USDC, which has lagged behind its rival Tether’s USDT in terms of […]
Ripple, a leading enterprise crypto company, has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, to expand its position in the cryptocurrency market and bolster its regulatory credentials. The acquisition follows Ripple’s purchase of crypto custody firm Metaco, solidifying its position in the cryptocurrency market. Fortress Trust’s Nevada Trust license expands Ripple’s regulatory credentials, […]
JP Morgan, a multinational financial services firm, is exploring the potential of a new type of token that could speed up cross-border payments and settlements. The token, known as a deposit token, would act as a digital version of deposits held in customers’ accounts and could be denominated in dollars and other fiat currencies. The […]
Ripple has recently acquired Fortress Trust, a Nevada-based chartered trust company, for an undisclosed sum. This acquisition will add a Nevada license to Ripple’s current holdings, such as the New York BitLicense and money transfer licenses across 30 U.S. states. The purchase will enable Ripple to leverage on Fortress Trust’s technology, licensing, and infrastructure, allowing […]
Travis Kling, founder of Ikigai Asset Management, has recently warned of a potential “implosion” at Binance, citing a timeline of “negative events” since December 2022. These events include withdrawal from certain jurisdictions, mass layoffs, and lawsuits from the US’s chief market regulators. Kling suspects Binance may have an FTX-like asset-liability mismatch, which is when exchanges […]
Coinbase has announced plans to expand its operations to major financial jurisdictions around the world. CEO Brian Armstrong has expressed concerns about the lack of regulatory certainty in the U.S., so the exchange is targeting the EU, U.K., Canada, Brazil, Singapore and Australia as immediate priorities. Coinbase is in the process of selecting a location […]
