Curve founder repays 93% of $10M bad debt stemming from liquidation
The DeFi protocol’s native token plunged by 28% in a single day due to liquidations stemming from a hack attempt.
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Binance Japan begins launching trading services for residents
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14. 198 Total views 2 Total shares Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the…

How Grayscale Investments Sells Bitcoin to Financial Advisors
At a webinar targeting financial advisors, Grayscale’s managing director preached the value of Bitcoin and warned against physical representations of the asset. 672 Total views 6 Total shares In a webinar hosted by InvestmentNews, Grayscale Investments’ managing director, Michael Sonnenshein, and financial consultant, Tyrone Ross Jr., educated financial advisors about the benefits of crypto investments.A…

Breaking: Ripple wins case against SEC as judge rules XRP is not a security
CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. 37971 Total views 194 Total shares Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company…

Utah’s Bitcoin reserve bill heads to second Senate reading
Legislation that would allow Utah to invest in Bitcoin has been passed by a state Senate subcommittee and has already made it through the House.

Multi-asset exchange wins crypto trading license in Bermuda
Bermuda Premier David Burt said that 24 Exchange’s regulatory approval is the “first license of its kind to be issued in Bermuda.” 116 Total views 1 Total shares A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services.Over-the-counter trading platform 24 Exchange has acquired a “Class…

Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
The nature of cryptocurrency fraud is shifting away from exchange hacks, and toward Ponzi-style frauds, pyramid schemes and exit scams. A massive 533% rise in the value of such crimes means that as misappropriated funds are laundered, the traditional banking system is increasingly exposed to risk under upcoming Financial Action Task Force (FATF) rules. That’s…

IMF Predicts Central Banks to Issue Digital Currencies
The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF on June 27According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its conclusions…

How blockchain is revolutionizing the gaming industry?
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