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Decentralised Exchange

Binance.US Secures Approval to Acquire Bankrupt Crypto Lender Voyager Digital

Daniel Sharkey | March 9, 2023 | Leave a comment
As part of its expansion plan, Binance.US has received approval from the US Bankruptcy Court to acquire the assets of the now-collapsed Voyager Digital. The deal, reportedly valued at over $1 billion, will allow Binance.US to expand its operations...
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Silvergate Returns $9.85M Deposit To BlockFi Amid Ongoing Bankruptcy Row

Daniel Sharkey | March 8, 2023 | Leave a comment
As part of its bankruptcy proceedings, Silvergate was forced to return $9.85 million to BlockFi. According to documents on the bankruptcy proceedings, the court has asked the bank to release the funds to the now-insolvent crypto lender. Silvergate Refunds...
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Platypus DeFi Protocol Reveals Compensation Plan After $9 Million Flash Loan Attack

Daniel Sharkey | March 1, 2023 | Leave a comment
Platypus, a decentralized finance (DeFi) protocol, suffered a flash loan attack nearly two weeks ago, resulting in a loss of approximately $9 million from its main pool. However, Platypus confirmed that the attack was possible due to a code...
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VISA and Mastercard Stall Launch Of Strategic Crypto Partnership – Report

Daniel Sharkey | February 28, 2023 | Leave a comment
A recent report from Reuters revealed that two of the world’s leading digital card payment solution platforms, VISA and Mastercard, had halted their planned partnership. VISA and Mastercard decided to delay the launch of the new partnership with crypto...
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Digital Asset Custody Services: DZ Bank Partners with Metaco

Daniel Sharkey | February 24, 2023 | Leave a comment
DZ Bank, the second-largest bank in Germany, has announced that it has chosen Metaco to provide its digital asset custody solutions. This move marks the fourth partnership between Metaco and major financial institutions in the last eight months. This...
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Tencent Cloud Forays Into Web3 With Ankr And Avalanche Deals

Daniel Sharkey | February 24, 2023 | Leave a comment
Tencent Cloud, a worldwide cloud service provider under China’s top internet firm Tencent Holdings, has voiced its interest towards Web3. The firm further substantiated its interest in Web3 by laying the groundwork for future collaborations with well-known Web3 brands...
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USDT And USDC Stablecoins See Significant Rise Following BUSD Crash

Daniel Sharkey | February 23, 2023 | Leave a comment
The recent regulatory scrutiny of the stablecoin market has given rise to USDT’s dominance, with Circle’s USD Coin (USDC) recording more than $700 million in market valuation. However, the recent development comes after Paxos Trust announced that it had...
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Hong Kong New Licensing Regime To Allow Retail Crypto Trading

Daniel Sharkey | February 21, 2023 | Leave a comment
The Securities and Futures Commission (SFC) of Hong Kong has requested public input on its recently proposed licensing framework for cryptocurrency exchanges, which is scheduled to become operational in June 2023. The public has until March 31st to weigh...
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Celsius Debtors Publishes A Sale Plan And Selects Novawulf As The Plan’s Sponsor

Daniel Sharkey | February 17, 2023 | Leave a comment
A proposal for the sale of the defunct cryptocurrency lending platform Celsius Network has been submitted to the United States Bankruptcy Court for the Southern District of New York. The plan was approved by the official committee of unsecured...
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Hong Kong’s First Tokenized Green Bond Worth $100M Issued Successfully

Daniel Sharkey | February 16, 2023 | Leave a comment
Hong Kong has made history with its inaugural tokenized green bond offering, raising a whopping $100 million in the process. This accomplishment is vital in developing the nation’s green finance market. It demonstrates Hong Kong’s commitment to sustainability and...
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