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LBank Exchange Will List Lilly Finance (LY) on April 2, 2022
1.4.2022
PRESS RELEASE. INTERNET CITY, DUBAI, April 1, 2022 – LBank Exchange, a global digital asset trading platform, will list Lilly Finance (LY) on April 2, 2022. For all users of LBank Exchange, the LY/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on April 2, 2022. Inspired...
Ola Finance Says Attackers Stole $4.7M in Re-Entrancy Exploit
1.4.2022
A post-mortem released Friday showed the funds were lost in a “reentrancy” attack
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance
1.4.2022
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system,...
Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability
1.4.2022
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to...
Sony Cuts PlayStation Jobs Despite Growth
31.3.2022
Sony is cutting up to 90 jobs from its “merchandiser” and retail marketing teams as part of a “global transformation,” according to a new report by Axios. The layoffs come despite the continued growth of PlayStation thanks to the success of the PS5, and some employees were caught off guard by...
Bitcoin mining finds fresh support from Russian finance ministry
31.3.2022
While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto
Circle selects BNY Mellon as custodian for USDC reserves
31.3.2022
The firm previously said its reserves would be in cash and treasuries
Ola Finance Exploited for $3.6M in Re-Entrancy Attack
31.3.2022
The attack took place on the DeFi protocol’s implementation on the Fuse blockchain
Alpha Finance Lab Launches Alpha Venture DAO Helping Builders Tap the Best Mindshare in Web3
31.3.2022
Alpha Finance Lab launches Alpha Venture DAO, bringing together builders, operators, and Web3 users to expand the boundary of Web3 innovation. Together with Terraform Labs, Alpha Venture DAO brings more than 50 thought leaders and experts to help builders kickstart their projects. Alpha Finance...
30% crypto tax becomes law in India following Finance Bill approval
31.3.2022
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1
Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups
31.3.2022
On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital...
Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options
31.3.2022
CME Group, one of the world’s largest derivatives marketplaces, has launched micro-sized bitcoin and ether options. “The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our micro bitcoin and micro ether futures,” said a...
Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC
30.3.2022
Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M...
Crypto Gaming's Biggest Success Story Scammed Out Of $600 Million
29.3.2022
Pokémon-style NFT battler Axie Infinity was one of the biggest “success” stories in the world of crypto gaming. Now it’s responsible for one of the biggest thefts in the history of the technology. The gaming-focused blockchain Ronin Network announced earlier today that an Axie Infinity exploit...
Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi
29.3.2022
The service would allow users to bridge assets from any blockchain to BNB Chain
Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
29.3.2022
A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies
Vietnamese Government and Central Bank Developing Legal Framework for Crypto
29.3.2022
Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework. Vietnam Creating Legal Framework...
Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0
28.3.2022
STG price rallied after excited investors piled into Stargate Finance, an interoperability-focused multi-chain DeFi platform
Report: Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative
28.3.2022
The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC...
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
28.3.2022
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However...