Celsius Network is returning a fraction of user funds back The firm has filed to return 22%, nearly $48 million worth of assets back to their users. In the filing filed with New York Bankruptcy Court, the troubled crypto lender stated that it seeks to return 22% of the funds...
Summary: A new SEC filing revealed a $500 million crypto fund dubbed DBA Crypto Fund I LP. Top executives from Convex, Galaxy, and Genesis spearhead the fund, per details from the filing. The massive fund could serve as an extra lifeline for Galaxy Digital and Genesis Trading. Both firms recently...
Summary: Thailand regulators have issued a fine to Samret Wajanasathian, the Chief Technology Officer of local crypto exchange Bitkub. Wajanasathian purchased tokens with inside information shortly before the exchange announced a major acquisition, per reports. The CTO allegedly bought $60,000 worth of KUB tokens as acquisition talks were ongoing. Thai’s...
Crypto media company The Block has launched a tokenized paywall model The model has been launched in association with the Access Protocol The Block, one of the leading crypto media companies is now evolving ahead by introducing a crypto-based paywall model. The Block Introduces A Crypto Token-Based Paywall Model Crypto...
Coinbase launches a new token called Wrapped Ethereum Staking or cbETH The token comes with a diverse set of use cases in the broader liquid staking ecosystem Coinbase has unveiled its own liquid staking token dubbed cbETH ahead of the highly anticipated Ethereum merge. Coinbase Launches Its Own Liquidity Staking...
Uniswap DEX community members have voted to create a Uniswap Foundation to support open source development The foundation intends to support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem. Popular decentralized exchange Uniswap community members have voted for the creation of an independent foundation to...
Several crypto advocates have come forward to launch online petitions aimed at freeing Alexey Pertsev out of prison. Pertsev is a developer of the Tornado Cash app and was recently arrested on suspicions of fraud and asset confiscation. The arrest of Alexey Pertsev, the developer associated with the infamous Tornado...
A report published by the Block states that the crypto lender platform Hodlnaut is currently facing a financial deficit of $193 million The report further states that Hodlnaut had earlier invested funds in Terra’s failed stablecoin protocol UST Per a report published by the Block, the troubled crypto lender platform...
Huobi team has tweeted the reason explaining why its stablecoin HUSD briefly lost its peg to the US dollar Per the tweet, HUSD has regained its lost peg to the US dollar within 12 hours. The HUSD team took to Twitter to share an update on the latest HUSD de-peg...
Crypto lender platform Hodlnaut has laid off 80% of its staff In a blog post published Friday, the firm added how the decision to lay off employees has been taken to reduce the firm’s expenditure. Troubled crypto lender platform Hodlnaut has laid off 80% of its staff to reduce the...
Stable Universal’s HUSD stablecoin has lost its peg to the US dollar The stablecoin was earlier launched in 2018, in collaboration with the Huobi crypto exchange Huobi Bitcoin exchange’s stablecoin HUSD has lost its peg to the US dollar and is currently trading at $0.88. HUSD Stablecoin Plummets To $0.88 ...
Canadian investment management firm CDPQ has written off its $200 million investment to Celsius network The firm had earlier invested its stake in Celsius in October 2022 Leading investment management firm for pension and other Government funds in Quebec, Caisse de Depot et Placement du Quebec, popularly referred to as...
