BIT Jumps 7.2% Following $200 Million BitDAO Fund Proposal
BitDAO’s governance token BIT has jumped 7% following a proposal by Mantle Core to establish a $200 million ecosystem fund.
Ethereum’s Shanghai-Capella Update Slated For Sepolia Testrun On February 28
Ethereum developers scheduled the Shanghai-Capella or Shapella update ahead of March when EIP-4895 is expected to roll out.
Google Joins Tezos PoS Blockchain As Validator
Summary: The partnership will allow the Tezos Foundation to drive web3 innovation on the Tezos blockchain. Clients of Google’s Cloud service will receive access to tools for building blockchain applications on Tezos using the firm’s scaling technology. The search engine heavyweight also previously teamed up with Ethereum, Dapper’s Labs Flow blockchain, and Solana. Search engine behemoth Google and proof-of-stake blockchain Tezos have joined hands to drive web3 innovation on the Tezos decentralized network. The partnership between both entities will see […]
Friendsies NFT Collection Rug Pulled After Raising $5 Million
The founders of the Friendsies NFT collection have pulled the rug. The rug pull comes less than a year after the project raised $5 million at an auction hosted by Christie’s on OpenSea.
NYDFS Approves Virtual Currency License For eToro’s New York Division
eToro bagged two key money licenses from the NYDFS after the New York regulator went after BUSD issuer Paxos.
BUSD Issuer Paxos Is In Constructive Discussion With U.S SEC
Paxos CEO Charles Cascarilla told his employees that the firm was in constructive discussions with the U.S SEC over its Wells notice and the security status of BUSD.
Jump Trading Is The Unnamed Firm That Made $1.28 Billion Before Terra’s Collapse
Jump Trading has been identified as the mysterious third party that helped Terraform Labs restore TerraUSD’s peg in May 2021.
FTX’ Japanese Unit May Resume Withdrawals This Month
The Japanese subsidiary of FTX plans to begin returning customer funds as early as February. The company’s COO is confident about adhering to the timeline.
Binance Mulls Shuttering Relationship With US-Based Businesses
Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in the jurisdiction amid mounting regulatory pressure, Bloomberg reported. The news comes a few days after Paxos, the issuer of BUSD, was served a Wells notice and ordered to stop minting new BUSD tokens. Friday’s report noted that Binance US does not plan to exit the country yet. Binance Holding Ltd is reassessing its position in the U.S. and could cut […]
U.S SEC Sues Do Kwon And Terraform Labs For Fraud
The United States SEC has sued Do Kwon and Terraform Labs for orchestrating a multi-billion dollar crypto asset securities fraud. Multiple crypto assets involved in the case were described as unregistered securities by the regulator.
