South Korea’s crypto investor surge drives CEX profits by 106%

Major crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019 — have announced a fund aimed at sustaining blockchain development in India.The “Blockchain for India” initiative was announced on March 16 and it is meant to promote the use and adoption of blockchain technologies in the country. With WazirX, the…

The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment. 121 Total views 3 Total shares The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan.Bankruptcy Judge

FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III.In an April 9 court filing in a Delaware Bankruptcy Court, John J Ray…

The integration comes as other Bitcoin wrappers face scrutiny for custody practices. 

Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin (USDC) on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on those networks.While these protocols may be convenient for DeFi users, they are at risk of exploitation by…

NEM has launched its tokenization chain, Symbol, despite pre-mainnet configuration issues pushing the launch back by two days. 2443 Total views 15 Total shares Veteran crypto team NEM Group has announced the successful launch of its Symbol mainnet.According to a March 17 announcement, NEM now comprises a “two chain ecosystem,” with NEM’s existing NEM NIS1…

Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. New data from Chainalysis shows Chinese investors reportedly used Tether (USDT) to move nearly $50 billion overseas. This has led some crypto investors to question whether or not Bitcoin price…

Binance announced a helmet design competition to shortlist the winning art, which will be used as the helmet artwork of Gasly, who won the 2020 Italian Grand Prix. 269 Total views 1 Total shares The winner of a new art competition hosted by Binance will see their design featured on the helmet of racing driver

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