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Crypto
Fintech Firm Lightnet Group Gets $50M From LDA Capital to Boost Velo Protocol’s Tech
Velo, a protocol developed by Lightnet partner Velo Labs, is focussed on cross-border payments service, specifically in the Asia Pacific region. The protocol lets licensed financial institutions create and exchange Velo digital assets…
Correlation growing between crypto and equity markets in Asia, says IMF
Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund…
Binance Gets In-Principal Approval to Operate in Kazakhstan
AFSA, an independent financial technology regulator, is the first in the central Asian country to give in-principle approval to any Binance entity. The AIFC allows start-ups to carry out regulated activities. Binance Kazakhstan still needs…
FTX, Bybit rise in web traffic despite overall traffic drop on CEXs
The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic.A few major global crypto exchanges, including Sam…
BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position
The transition also acts as a precursor for the “Surge,” the second of the planned upgrades, the note said. That will aim to improve Ethereum’s throughput from around 15 transactions per second (TPS) to about 100,000 TPS while reducing…
Bifrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions
On Friday, Bifrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK…
Ether Futures See $230M in Liquidations as Merge Pushes ETH to $1.5K
Ether rose as much as 10% in the past 24 hours and is up nearly 30% since last Monday. The asset traded at just over $1,500 in early European hours today – setting a one-month high – after breaking out of the $1,000 to $1,200 price range,…
Dutch bank ING sells digital asset tool Pyctor to GMEX
ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.GMEX has acquired ING’s institutional-grade digital asset custody…
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment…
Less than 1% of all holders have 90% of the voting power in DAOs: report
Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance. DAOs are organizations without a centralized hierarchy, intended…