Binance.US Alliances with MoonPay to Address Banking Challenges

Binance.US, a crypto exchange, has recently partnered with MoonPay, a payment startup, to provide customers with an alternative means to convert dollars into cryptocurrencies. This collaboration comes after the exchange has encountered many legal and financial obstacles due to heightened regulatory scrutiny, which has prevented customers from depositing or withdrawing dollars for over a month.MoonPay […]

BlockFi Blocks Attempts to Recover Millions from Bankrupt FTX and 3AC

BlockFi, a bankrupt cryptocurrency lender, is attempting to block FTX and Three Arrows Capital (3AC) from retrieving hundreds of millions of dollars to pay back their creditors. BlockFi claims that FTX misappropriated $5 billion of the loan it provided and that BlockFi’s creditors should not be pushed to the back of the line. FTX also […]

Balancer Secures Over 80% of Funds After Vulnerability Report

Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw […]

CoinDCX Slashes Staff Amid India Crypto Taxation and Bear Market

CoinDCX, a Coinbase Ventures-backed Indian crypto unicorn, has recently laid off 12% of its workforce, or 71 out of its total 590 employees. This decision was taken due to the prolonged bear market and the impact of Tax Deducted at Source (TDS) on domestic exchanges. The company had previously gone through an internal restructuring earlier […]

Former FTX CEO Sam Bankman-Fried Seeks Lenient Prison Schedule Ahead of October Trial

Sam Bankman-Fried, the former CEO of FTX, is asking for a more lenient prison schedule to allow him to prepare for his upcoming trial in October. His lawyers have written a letter to the U.S. District Judge Lewis Kaplan, requesting that Bankman-Fried be allowed to leave prison five days a week to review documents. Bankman-Fried’s […]

Circle to Expand USDC to 15 Blockchains, Coinbase Invests in Company

Coinbase has invested in Circle, the company behind USDC, a stablecoin. The USDC Center Consortium will be dissolving, with Circle taking over the responsibility of USDC’s smart contract keys, issuance, operations, and compliance. Circle plans to expand USDC to 6 new blockchains between September and October, bringing the number of USDC-supported chains to fifteen.The news […]

MoneyGram and Ripple Set to Rekindle Partnership, XRP Price Set to Explode?

MoneyGram and Ripple have had a long-standing partnership, with Ripple investing $50 million in the money transfer giant in 2019. As part of the agreement, MoneyGram used Ripple’s technology, xRapid (now On-Demand Liquidity) to send money while using XRP as a bridge currency. MoneyGram generated up to $113 million from the partnership in 2019.However, in […]

EDX Markets Partners with Anchorage Digital to Launch Clearinghouse Division

EDX Markets, an institutional crypto exchange launched in June 2023, has announced a partnership with Anchorage Digital Bank to provide a secure custody service for its upcoming clearinghouse division, EDX Clearing. The partnership aims to bridge traditional finance market structures with the digital asset ecosystem. EDX Markets is backed by a consortium of major financial […]

World Mobile and SingularityNET Partner to Automate Credit Ratings and Customer Support

Word Mobile and SingularityNET have announced a partnership to develop a credit rating system and customer support based on artificial intelligence. World Mobile will open access to its blockchain-based lending system in stages, starting with eligible users and ending with those underserved by traditional banks. By using SingularityNET’s AI technology, World Mobile will be able […]

FTX Founder Pleads Not Guilty to Fraud and Money Laundering Charges

Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has been charged with fraud and money laundering. The charges were initially filed in December, but prosecutors added additional charges of campaign finance earlier this month. Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 and pleaded not […]