Binance Wins VASP License From Spain’s Central Bank
Summary: The Bank of Spain issued a crypto license to leading digital asset exchange Binance. CZ’s company is now approved to service Spanish customers under a Virtual Asset Services Provider…
Former Asset Manager Sues Celsius, Claims “Ponzi Scheme”
An individual who worked with Celsius Network filed a lawsuit against the platform, calling it a ponzi scheme. Jason Stone is the CEO and founder of KeyFi, and said that…
Konvoy Ventures Launches $150 Million Fund To Support Web3 And Gaming Firms
Konvoy Ventures has raised $150 million to back early stage gaming and Web3 firms. The company aims to bolster the gaming sector by supporting variety of gaming and web3 firms…
Aave Submits Governance Proposal to Introduce A Native Decentralized, Collateralized Stablecoin, GHO
Summary: The Aave team has proposed to the project’s DAO a plan to introduce a native decentralized, collateralized-backed stablecoin known as GHO that will be pegged to the US Dollar.…
Binance.US taps Former Paypal Exec. as New CFO as The Crypto Exchange Formulates an IPO
Summary: Binance.US has hired former Acorns COO and Paypal CFO Jasmine Lee as its new Chief Financial Officer. Binance.US CEO highlighted that the move would complement the crypto exchange’s plans…
Celsius Network Clears its Bitcoin Loan, Resetting its Liquidation Price to $0
Summary: Celsius Network has completely paid off its Bitcoin loan, resetting its liquidation price to zero. The lending platform has been paying off its loan on the Maker Protocol since…
Reddit Launches Digital Collectible Avatars With Polygon, But They’re Not NFTs
Summary: The social network plans to launch its marketplace for blockchain-powered profile photos on Thursday. Over 90 unique designs crafted by individual artists and thousands of digital collectibles will roll…
The Middle East Could Adopt Bitcoin Soon – Serbian Monarch
Summary: Filip Karadjordjevic surmised that Bitcoin might experience adoption by a Middle Eastern country sooner than you think. The Hereditary Prince of Serbia and Yugoslavia shared his theory on a…
Genesis Reveals Exposure to Three Arrows Capital
Genesis CEO Michael Moro revealed the information over Twitter on July 6. Parent company Digital Currency Group is working with Genesis to fix the situation. Several crypto companies are under…
FTX Has a Few Billions to Support Struggling Crypto Projects, The Worst of Liquidity Crunch Possibly Over, Says SBF
Summary: Sam Bankman-Fried has stated that FTX has a few billion to support struggling crypto firms. He also believes that the worst of the liquidity crisis in crypto might have…
Ethereum’s Merge Successfully Activated on Sepolia Testnet, Goerli Scheduled Next, Then Finally on Mainnet
Summary: Ethereum developers have successfully implemented the Merge of the Beacon chain to the Sepolia Testnet. Goerli testnet is scheduled next then the Merge will finally happen on the Ethereum…
Binance Launches Zero-Fee Bitcoin Trading for 13 Spot pairs as it Celebrates its 5th Anniversary.
Summary: Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice. The discounted trading is part of the exchange’s fifth-anniversary celebrations.…
Voyager Digital Trading Suspended On Toronto Stock Exchange, Delisting Review Ongoing
Summary: The Toronto Stock Exchange has now halted trading for Voyager stock. Voyager’s status was updated to “Expedited” on Wednesday. TSX is currently reviewing is Voyager meets the requirements for…
South-Korean Firm Uprise Erases Almost All Client Funds While Shorting LUNA During Terra Crash
It is reported that 26.7 billion of customer assets were forcibly liquidated during the Luna crash. Uprise is considering compensation for affected customers. Uprise previously attracted 24 billion in it’s…
Binance CEO Meets With Ivorian President To Discuss Crypto
Summary: Changpeng Zhao and President HE Mr. Alassane OUATTARA met this week. Discussions focused on cryptocurrencies in the country’s economy. Commercial exchanges were also a topic during the interview. Other…