The Ohio Division of Securities added its name to the $22.5 million multistate settlement against the cryptocurrency lending platform Nexo. US regulators previously alleged the firm failed to comply with local requirements when offering Earn Interest Products (EIP). Ohio Joins the Club The watchdog of “the Buckeye State” issued a consent order against Nexo, thus joining other US...Read More
LedgerX – cryptocurrency derivatives exchange and a subsidiary of the collapsed giant FTX – will reportedly cease its partnership with Silvergate Bank. It urged users to receive wire transfers via the New York-based Signature Bank. Switching to Another Partner According to a Bloomberg coverage, LedgerX differentiated itself from the embattled financial institution focused on cryptocurrencies...Read More
Online brokerage firm Robinhood rolled out its crypto wallet app worldwide for IOS users on Wednesday. The app will support both the Ethereum network and its Layer 2 scaling solution, Polygon – but not Bitcoin. Robinhood’s Web3 Wallet Per a blog post from Robinhood, the firm’s wallet app has now rolled out to a waitlist...Read More
Visa’s crypto head dismissed an earlier report from Reuters about the company halting crypto-related launches as inaccurate. Instead, he said Visa will continue to partner with more cryptocurrency firms that can facilitate stablecoin payments, despite the ongoing bear market. Visa Exec Refutes Reuters Report In a tweet thread on Tuesday (Feb. 28, 2023), Cuy Sheffield,...Read More
VeChain has been performing well. Coming off of a $0.015 price low at the end of December of 2022, within eight weeks, it has already doubled to $0.030. Various analysts have put their VeChain price prediction for 2025 at $0.85, which represents almost 30X the current value. This is not the $1 by 2023 some...Read More
Hodlnaut was one of many firms severely impacted by the collapse of FTX last November, even as the first signs of crack date back to at least as early as May when it lost nearly $190 million in the crash of the Terra ecosystem. Despite previously downplaying its exposure, Hodlnaut was forced to halt withdrawals...Read More
[PRESS RELEASE – Please Read Disclaimer] The partnership enables users seamless access to the Web3 ecosystem and the ability to transfer tokens across different chains without switching wallets March 1, 2023 – Multichain, the ultimate router for web3, has partnered with OKX Wallet, a leading self-custodial solution for digital assets, to expand cross-chain capabilities in...Read More
[PRESS RELEASE – Los Angeles, California, 28th February 2023] We’re excited to partner with Hyperspace, the cutting-edge Solana NFT marketplace, to integrate MegaSwap, the cross-chain smart service for web3. The MegaSwap integration will provide faster onboarding and easier access to cross-chain liquidity for Ethereum and Solana NFT users. This collaboration gives traders and creators on Hyperspace...Read More
The price of Coinbase’s shares headed north shortly after the company revealed it will launch a nationwide pro-cryptocurrency campaign called Crypto435. COIN jumped by 10% during yesterday’s trading session, tapping a multi-week high above $65. The leading US-based exchange – Coinbase – disclosed on February 28 that the main goal of its policy will be...Read More
Blockchain payment giant Ripple Labs continues to sell XRP from the escrow account despite the ongoing lawsuit filed by the SEC accusing the former of selling unregistered securities. As the world ushered in the third month of 2023, Ripple Labs received 1 billion XRP from the escrow account. Notably, the company received the XRP tokens...Read More
What does Ethereum need to be better? According to its founder, it’s all about the user experience. And on February 28th, Vitalik Buterin talked about the many issues in the Ethereum network that need to be fixed before truly solving that particular one. Vitalik explained in his blog that he faced many inconveniences while using...Read More
The implosion of Terra last summer still haunts the crypto industry. Numerous post-mortem reports have gone into detail about the wallets that contributed to the collapse while simultaneously adding curiosity to a certain “Wallet A.” Wintermute’s researcher, Igor Igamberdiev, believes that “there is a good chance” one of the wallets linked to the UST depeg...Read More
The venture capital firm focused on cryptocurrencies – Digital Currency Group (DCG) – reportedly marked a loss of $1.1 billion last year. Some of the primary reasons for the downfall were the collapse of the crypto market and the bankruptcy of its subsidiary – Genesis. DCG – a crypto conglomerate shuttered by scandals and the...Read More
