Binance is reportedly looking to purchase CoinDesk through its capital management division. CoinDesk has been on the market since January 2023 following financial trouble with its parent firm DCG. The…
The dYdX community concluded a vote today to approve a proposal that will reduce trading rewards by 45%. The result sent the decentralized crypto exchange’s native token soaring by over…
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after troubles in the U.S. banking system involving major banks like…
Summary: Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack. On-chain security firms BlockSec and Peckshield said losses from the exploit…
Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated a transaction to transfer $3.3…
The collapse of Silicon Valley Bank has jolted the entire crypto industry. USD Coin issuer Circle’s $3.3 billion exposure to the bank has caused the stablecoin to lose its peg.…
Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the banking regulator due to inadequate…
Blockchain.com is shutting down its London-based crypto asset management firm. The firm has filed an application with the Companies House to have its name struck off the UK companies register.…
Summary: Judge Michael Wiles approved Voyager’s sale to Binance.US for $1.02 billion 24 hours before the government’s appeal. The Trustee’s office of the U.S. Justice Department filed an appeal against…
Inter-bank messaging system SWIFT is set to go ahead with the second phase of CBDC testing. The decision was made after positive results in a test run that linked CBDCs…
Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to…
FTX has reached a deal to sell its stake in venture capital firm Sequoia capital. The stake will be sold to Abu Dhabi’s investment arm for $45 million. The liquidators…
As an EEA member, UNCX Network is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Antoine…
Summary: Defunct Bitcoin exchange Mt. Gox pushed back the deadlines for claims registration and repayment yet again. The rehabilitation trustee Nobuaki Kobayashi announced April 6 as the new date for…
As an EEA member, Bitwave is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Kunz Mainali,…
