Category Archive: Cryptocurrency, No picture
Binance fires investigator for exposing market manipulation with DWF Labs — WSJ
Binance has reportedly fired a member of its market-surveillance team who uncovered evidence of market manipulation by DWF Labs, one of the exchange’s high-profile clients.According to a Wall Street Journal report, the dismissed employee and his colleagues had identified instances of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs.The market-surveillance team, which […]
Trump vows to end hostility toward crypto and promote supportive environment for businesses in the US
Donald Trump has pledged to end hostility toward crypto and keep crypto businesses in the US. His declaration was made at the Trump Cards NFT Gala, an exclusive event for holders of his NFTs, on May 8. “If crypto is moving out of the US because of hostility toward crypto… well, we’ll stop it. We […]
Over $20M in bridged Ether returned to ZKasino wallet
In a surprising turn of events, more than $20 million worth of bridged Ether has been mysteriously returned to the multisignature wallet of blockchain-based gambling project ZKasino, nearly three weeks after users accused the platform’s founders of orchestrating an exit scam.On May 9, an X feed dedicated to recovering funds from the ZKasino exit scam […]
FTX creditors seek repayments at current market rates
Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil Kavuri, who speaks for the largest group of creditors. Kavuri has called for a rejection of the proposed restructuring, arguing that repayments should reflect the […]
Nexo unleashes $12M token airdrop
To celebrate its 6th birthday, Nexo has unveiled its biggest-ever airdrop – The Hunt for $12M in NEXO *. Participants get points on the Nexo platform through top-ups, earning interest, crypto-backed credit, and trading spot and futures**. The airdrop campaign launches today, May 8, 2024, and ends on July 6, 2024. $12M in NEXO Tokens* will […]
House passes resolution overturning SEC rule on crypto and digital asset custody
The US House of Representatives has passed Representative Mike Flood’s (NE-01) bipartisan H.J.Res. 109, which aims to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 under the Congressional Review Act (CRA).The resolution seeks to protect consumers by removing roadblocks that prevent highly regulated financial institutions and firms from acting as custodians […]
Optimism will roll out new features to support layer 3 on Superchain
Optimism is set to release two new features to facilitate the integration of layer 3 (L3) builders into its Superchain network. The upcoming features, custom gas tokens, and Plasma Mode, are designed to streamline the onboarding process for L3s utilizing the OP Stack and to foster a collaborative environment within the Optimism ecosystem. 2 key […]
Nyan Heroes launches new CATNIP and NYAN rewards with its Season 2
Web3-focused game Nyan Heroes announced the start of its Season 2 with its highly anticipated Ranked Mode, which will reward users with the token NYAN based on their performances. The ranked season will last until May 26.Season 2 introduces a host of new missions, rewards, and gameplay experiences, including the opportunity to earn seasonal CATNIP […]
Nexo announces $12 million token airdrop for platform users
Crypto services provider Nexo has announced the airdrop of 10 million NEXO tokens as part of its ‘Nexonomics’ campaign, equivalent to $12.6 million at the time of writing. Both new and existing customers can accumulate points until July 7 by utilizing various Nexo products, such as Earn, Borrow, and even funding the account.Additionally, taking out […]
JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger
A group of leading financial institutions, including JPMorgan, Citi, Mastercard, Visa, Swift, TD Bank N.A., US Bank, USDF, Wells Fargo, and Zions Bancorp, have initiated a proof-of-concept (PoC) for a Regulated Settlement Network (RSN). The project will explore the use of shared ledger technology for the settlement of tokenized assets, according to a press release […]
