Capital flight from Binance subsidies: Report
“It’s business as usual,” Nansen wrote in evaluating Binance’s data. It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3 billion...
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SoFi Technologies to cease crypto services by Dec. 19
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. United States personal finance company SoFi Technologies...
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Wormhole raises $225M at $2.5B valuation
The protocol reached a total value locked of $3.8 billion at its peak. Cross-chain protocol Wormhole has secured a $225-million investment at a valuation of...
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Canaan secures new financing as revenue falls 55% in Q3
Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital. Bitcoin...
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Interactive Brokers opens Hong Kong retail crypto trading with OSL
Hong Kong clients will be able to purchase Bitcoin and Ethereum in their personal accounts. Interactive Brokers, one of the largest brokerage firms in the...
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More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far. More foreign banks have joined China’s digital yuan central bank digital currency...
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Crypto exchange grace period to remain unchanged in Hong Kong despite scandals
The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million. A one-year grace period for cryptocurrency exchanges operating in Hong Kong...
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Standard Chartered joins China’s CBDC pilot testing
The British bank will provide e-CNY CBDC services to clients and explore its future use in China’s financial system. British multinational bank Standard Chartered will...
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Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder
The DAO previously proposed a lawsuit against Azuki creator Zagabond over a dilutive $39 million NFT minting that took place in June. Azuki DAO, an...
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HTX hacked again for $13.6M, 100K Koreans test CBDC, Binance 2.0: Asia Express
HTX hacked for $13.6M — the ecosystem’s fourth hack in recent months — 100K Koreans test out CBDC, and Binance is dead, long live Binance!...
