DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
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Russia’s Sberbank plans to launch DeFi platform on Ethereum - News
Binance re-enters South Korea with GOPAX exchange With the new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi.
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Community mocks Charlie Munger for his obsession with China’s Bitcoin ban The online community has expressed bewilderment over how China’s crypto ban aligns with the United States’ proclaimed principles of freedom.
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Bank of China ex-advisor calls Beijing to reconsider crypto ban The economist argued that the current crypto ban in China is beneficial in the short term, but big opportunities can be missed in the long run.
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Tether CTO denies borrowing from bankrupt lender Celsius Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo, or a “mischaracterization,” Tether’s chief technology officer stated.
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Celsius publishes list of users eligible to withdraw majority of assets Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data.
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Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s.
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BAYC investors have less than a week to join class action against Yuga Labs Filed in December, the class-action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors.
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Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’ Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation.
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FTX lawyers to reap millions from the bankruptcy case: Report FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour.
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SBF allegedly used FTX money to invest $400M in obscure VC firm U.S. prosecutors alleged that SBF’s Modulo investment was likely made using misappropriated money from FTX deposits by customers.
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Ripple, Binance impersonators target XRP holders via fake staking program Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus.
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Binance holds token collateral and user funds on same wallet by ‘mistake’ Binance previously said the firm’s corporate holdings are recorded in separate accounts and should not form part of the proof-of-reserves calculations.
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Genesis creditors file securities lawsuit against Barry Silbert and DCG Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
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Japan’s FSA expects to allow certain stablecoins by June 2023 There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said.
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Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule Bitcoin mining firm Argo regained compliance with Nasdaq's listing rule, which requires a company to maintain its common stock's minimum bid price of $1 for 30 consecutive trading days.
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1inch launches proprietary hardware wallet as self-custody trend grows 1inch Networks’ upcoming hardware wallet has no direct connection to the internet and doesn’t require any wired connection.
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FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato.
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21Shares debuts crypto staking ETP on BX Swiss exchange Arthur Krause, director of ETP product at 21.co, the parent company of 21Shares, emphasized that the Staking Basket ETP does not engage in lending.
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Coinbase stops Japan operations amid trading slump Coinbase crypto exchange originally started planning its Japanese expansion during the bear market in 2018.
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SEC of Thailand issues crypto custody provider rules The Thai securities regulator now requires crypto custodians to have a contingency plan in case of unforeseen events.
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Binance to let institutions store crypto with cold custody The Mirror service is based on Binance Custody and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account.
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Iran and Russia want to issue new stablecoin backed by gold The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial.
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Bitcoin price not more important than financial independence: Trezor CEO As Bitcoin briefly crossed above $19,000, Trezor’s new CEO, Matěj Žák, said there’s something more important than its price.
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Crypto lender Nexo wants to sue Bulgaria after office raids Nexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm.
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Jack Ma surrenders control of fintech giant Ant Group After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes.
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Nexo offices reportedly raided by police in Bulgaria Investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.
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Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt After having about $290 million locked at Digital Currency Group, Bitvavo decided to pre-fund the assets on its own and is now looking for full repayment.
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Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios Argo Blockchain mined less Bitcoin than expected in December due to the firm curtailing mining operations at Helios amid extreme weather conditions.
- Breaking news
Coinbase to cut another 20% of its workforce in second wave of layoffs Crypto exchange Coinbase announced a further restructuring plan that involves reducing its workforce by 950 employees to cut operational costs amid the bear market.