The crypto market has seen a resurgence this year, and with it, the demand for liquid staking, particularly in the Solana ecosystem. According to The Block Research, liquid staking protocols on Solana, also known as the “Ethereum Killer,” have experienced a 91% surge in total value locked since the beginning of 2023. Protocols such as
Blockchain
Delio, a prominent crypto lending firm based in South Korea, is currently facing scrutiny from the country’s Financial Services Commission (FSC) over allegations of fraud, embezzlement, and breach of trust. The investigation was triggered by Delio’s unilateral decision to suspend users’ deposits and withdrawals on June 14, causing concern among investors. The FSC is examining
Coinbase, a leading cryptocurrency exchange, has announced its intention to modernize the direct deposit system by implementing blockchain-based stablecoin settlements instead of the traditional ACH deposits. Yuga Cohler, a senior software engineer at Coinbase, outlined in a blog post that the company aims to update the financial system and promote global adoption of cryptocurrencies, all
Bitget, a prominent crypto derivatives exchange, has recently introduced its innovative Crypto Loans program. This new program provides users with the opportunity to stake their own coins in exchange for loans in another cryptocurrency. The primary objective of the platform is to cater to borrowers who are dissatisfied with traditional lenders, offering them a more
Over the weekend, the Poly Network fell victim to a hacker who managed to exploit the system and make off with nearly $10 million worth of ETH. Beosin, a security firm, was the first to reveal this breach. The attack allowed the hacker to mint an astonishing $34 billion worth of cryptocurrency. Poly Network, a
Tokenization has the potential to revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years, according to a recent research report by Bank of America (BofA). The report highlights the wide-ranging implications of tokenization, which involves converting real-world assets or rights into digital tokens on a blockchain network. By representing
Canada is poised to make significant strides in adopting blockchain technology, as a prominent group of lawmakers has urged the government to formulate a national blockchain strategy. Similar to the United States, Canada currently lacks clear regulations in the crypto and blockchain market, placing the country at a disadvantage. While various regions worldwide are actively
The United States Bankruptcy Court for the Southern District of New York has granted permission for Celsius debtors to exchange their altcoins for Bitcoin and Ether, effective immediately. This decision, issued by bankruptcy judge Martin Glenn on June 30th, not only facilitates the distribution of funds to creditors in the near future but also aligns
A federal court has ruled that Micahel Ackerman, a former New York Stock Exchange (NYSE) broker, must pay $54 million in penalties for orchestrating a cryptocurrency fraud scheme. The Commodity Futures Trading Commission (CFTC) announced this decision, revealing that Ackerman has also been banned from trading in any markets supervised by the financial watchdog. Ackerman
Binance co-founder and senior executive, Yi He, has broken her silence amidst lawsuits from two major United States market regulators. In a recent interview with Bloomberg in Dubai, she defended Binance’s commitment to regulatory compliance, claiming that the company surpasses other global crypto platforms in this regard. The Commodities and Futures Trading Commission (CFTC) filed