Stablecoin issuers Circle and Paxos have won approvals for their respective licences from the Monetary Authority of Singapore. The approvals received will help these firms offer crypto-related services in Singapore, which has lately been emerging as one of the leading financial hubs of the world. Circle and Paxos Will Provide...
The latest bankruptcy hearing of Celsius saw key developments, including the demand for an investigation to determine if the crypto lender operated like a Ponzi scheme.
Galaxy Digital is reportedly exploring slashing its workforce by 20%. The company will also be sharing its Q3 report on November 9th. Per a recent Bloomberg report, Galaxy Digital Holdings Limited, a leading crypto financial firm owned and operated by billionaire Michael Novogratz, is exploring eliminating its workforce by 20%....
Twitter owner and CEO Elon Musk tweeted a picture of a Shiba Inu on Nov. 1, sending DOGE into a 22% rally in just 4 hours. The meme coin has had a phenomenal week because of Musk’s acquisition of Twitter, with the token up by nearly 160% over the past...
GameStop has finally gone live on the Immutable X blockchain Immutable X is known for its 100% carbon-neutral minting and trading process. Per the latest announcement made by GameStop, the gaming giant has finally unveiled its NFT marketplace on layer two Immutable X blockchain. The GameStop NFT Marketplace Is Finally...
Tether has criticized a report published by Bloomberg that talks about a renewed investigation onto it's bank fraud case. The company has alleged that Bloomberg is recycling old news for attention.
Binance’s CEO, Changpeng Zhao has shared how Twitter will play a crucial role in onboarding the web3 crypto-related services on the social media platform. In his interview with CNBC’s Squawk Box Show, CZ shared how Binance would like to support strong entrepreneurs like Musk and aid Twitter in embracing the...
Summary: Crypto lender Hodlnaut did not fully disclose its exposure to Terra’s failed ecosystem, Bloomberg reported. An interim judicial manager appointed by a Singaporean reported that the beleaguered crypto lender lost around $190 million when TerraUSD (UST) crashed in May but attempted to hide the massive loss. The judicial managers...
It has been 14 years since Bitcoin’s whitepaper was published. The crypto community is celebrating the occasion and noting how far the asset has come. Bitcoin inspired the crypto market present today, with its ethos of decentralization seen in everything from DeFi to Web3. Bitcoin first hit $1 in 2011,...
Huobi’s native stablecoin, HUSD, has depegged from its $1 value The token is down 60% in the last 24 hours. Huobi’s native stablecoin HUSD has plunged to new lows. According to Wu blockchain, the exchange’s stablecoin has depegged from its dollar parity and is down 60%, trading at $0.2971 HUSD...
