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PayPal Unveils US Dollar-Pegged Stablecoin
OPNX Exchange Calls Bids for Singapore’s Hodlnaut
key takeaways: In a notable strategic maneuver underscoring the dynamic landscape of the cryptocurrency realm, OPNX Exchange has officially initiated a call for bids aimed at acquiring Hodlnaut, a reputable crypto lending platform headquartered in Singapore. Hodlnaut declared bankruptcy in…
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New York Attorney General Launches Probe into DCG and Genesis Relationship
Key Takeaways The New York Attorney General’s office has initiated an investigation into Digital Currency Group (DCG), a renowned blockchain investment firm founded by Barry Silbert. As part of the probe, the firm’s subsidiary, Genesis Global Capital, is also under…
Curve Attacker Initiates the Return Of stolen Funds
Key Takeaways: In an unexpected and unprecedented move, the perpetrator responsible for the Curve attack has chosen to initiate the process of returning the stolen funds. In a significant development, Alchemix, a lending platform within the decentralized finance (DeFi) realm,…
Judge Drops Tether and Bitfinex Class Action Lawsuit
Key Takeaways: In the dynamic world of cryptocurrencies and blockchain technology, controversies and legal battles often take center stage. One recent case that has garnered significant attention is the class action lawsuit against Tether and Bitfinex. This legal tussle, which…
Oman Regulators Seek Input on Proposed Virtual Asset Framework
FDIC Targets Closed Crypto Firm Unbanked for Alleged Misleading Claims
Key Takeaways On Friday, the U.S. Federal Deposit Insurance Corporation (FDIC) took action against crypto fintech firm Unbanked, Inc., issuing a cease and desist notice in response to alleged false and misleading claims regarding its insurance status. The FDIC accuses…
Adam Sullivan becomes Core Scientific CEO as Miner Navigates Restructuring Process
Key Takeaways In a move to steer the company back on track, Core Scientific has announced the appointment of Adam Sullivan as its new CEO, replacing co-founder Mike Levitt in the role. The decision comes as the bitcoin mining giant…