According to Martin El-Khouri, a senior director at venture capital firm Bertelsmann Investments, Web3 investments are being touted as the perfect hedge against disruption in the tech industry. Despite the regulatory challenges and market downturn, investors are continuing to back new ventures in the Web3 space, with decentralized finance (DeFi) startups seeing a surge in
Blockchain
Binance, a major player in the cryptocurrency exchange market, has recently announced a new promotional offer that allows for zero-maker fees when trading its stablecoin TUSD. The promotion is set to take effect on June 30, 2021, and will be available for both spot and margin trading for TrueUSD. The offer applies to all new
Kyle Roche, a top cryptocurrency lawyer, was allegedly set up by an international group of businessmen, according to a report by The New York Times. The setup destroyed Roche’s career after he was exposed as being corruptly beholden to Avalanche founder Ava Labs. The incident began in December 2021 when Roche received an email from
The Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub have conducted a trial named Project Rosalind to explore the potential of central bank digital currencies (CBDCs) for introducing “programmability” to money. The trial has highlighted that CBDCs could offer central banks and governments multiple new tools that they did not
Recent filings submitted by FTX’s bankruptcy advisors reveal that the bankrupt crypto exchange is facing escalating legal and advisory costs. According to the filings, the exchange’s advisors billed FTX a staggering $121.8 million in fees and expenses for the period between February 1 and April 30. The filings show that law firm Sullivan & Cromwell
Binance’s US-based exchange, Binance.US, has experienced a significant decline in its share of trading volume among USD-to-crypto trading exchanges. The decline in market share is visible in data analyzed by The Block, which shows that the exchange now holds a market share of just 4.35%, a significant decrease from over 16% in April. This market
Binance, the world’s largest cryptocurrency exchange by trading volume, has requested to delist from the register of authorized crypto asset service providers (CASPs) in Cyprus. The move was made in order to comply with the European Union’s new Markets in Crypto-Assets (MiCA) regulation. The news was first reported on the website of the Cyprus Securities
Mark Cuban, a billionaire tech investor and Shark Tank star, has criticized the U.S. Securities and Exchange Commission (SEC) for its approach to regulating the blockchain industry. In a debate with former SEC official John Reed Stark, a crypto skeptic who disagrees with the “lack of regulatory clarity in the cryptoverse” argument put forth by
The US Federal Deposit Insurance Corporation (FDIC) has sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance. The agency has also sent letters to Bodega Importadora de Pallets and Money Avenue LLC, making similar demands. The FDIC warned that certain statements
According to a recent report by blockchain analytics firm Nansen, smaller crypto exchanges have gained momentum in the wake of the collapse of the more dominant FTX exchange. The report found that the landscape for centralized exchanges (CEXs) has changed following the FTX collapse, with most exchanges experiencing a decrease in trading volumes as traders