Summary: JP Morgan will no longer offer banking services to crypto exchange Gemini, CoinDesk reported citing sources familiar with the matter. The bank’s decision to cut ties with a crypto business is the latest in the so-called exodus of partnerships between crypto companies and their banking partners. Coinbase, another JP...
Mt. Gox creditors have until Friday, Mar. 10 to submit their claims and move closer toward recovering 90% of their assets from the hacked Bitcoin exchange.
Summary: A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX. Trading for locked assets like LUSD and LETH remain halted until 24 hours after the court issues a written order expected later this week a CoinFLEX statement said. According to a source familiar with the matter,...
Thailand's government stands to lose $1 billion with its latest tax break. The nation could also bring in over $3 billion in investment token offerings.
Summary: Singapore’s police disclosed an ongoing investigation into Do Kwon’s blockchain company and Luna developer Terraform Labs. The company is the subject of several probes by South Korean authorities and US regulators. Interpol and South Korean law enforcement issued warrants for Founder Do Kwon’s arrest after Terraform shaved off over...
Summary: Ethereum developers agreed to test the Shanghai or Shapella update on Goerli on March 14. Goerli marks the largest and final public testnet to mimic withdrawals for staked Ether before the upgrade goes live on ETH’s mainnet. Developers hinted that the upgrade’s mainnet launch could happen slightly later than...
Summary: The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company’s layer 1 blockchain launched in February. Investment company Jump Crypto backs the $50 million incubator initiative, per an official announcement on Wednesday. The company’s new Ethereum Virtual Machine-compatible blockchain will expose...
Summary: FTX’s crypto derivatives exchange LedgerX instructed customers to make local wire transfers through Signature bank instead of the firm’s usual banking partner, Silvergate bank Bloomberg reported that LedgerX users will have to send wire transfers via Signature bank beginning Wednesday. LedgerX remains one of the few remaining solvent entities...
Summary: Ethereum’s Shanghai upgrade meant to enable the withdrawal of staked ETH was successfully tested on Sepolia, a public testnet. The test simulated two crucial upgrades – Shanghai on the execution layer and Capella on the consensus layer. Developers will now test Shanghai-Capella or Shapella on a third public testnet...
