US Congressman to inspect all Binance US consumer safety files
A Subcommittee chairman reached out to the CEO of Binance US for documentation to assess investor protections. An urgent request for official paperwork demonstrating the exchange’s compliance with several investor-centric safety protocols was made in a letter to Brian Shroder, president and CEO of Binance US . The US House Committee on Oversight and Government […]
Paraguayan president vetoes bill regulating cryptocurrencies
As the country’s mining industry continues to grow as a result of cheap energy costs, the law was adopted by the Paraguayan Senate in July. On Monday, Mario Abdo Bentez, the Paraguayan president, vetoed a bill that attempted to classify bitcoin mining as an economic endeavor. He reasoned that the development of a nationally sustainable […]
Crypto Lender Hodlnaut Under Interim Judicial Management
On August 29, a type of creditor protection called “interim judicial management” was put in place for the Singapore-based lender. Three weeks after it stopped withdrawals because of “difficult market conditions,” Hodlnaut has been put under interim judicial management (IJM), which is a form of creditor protection. In judicial management, the business, property, and assets […]
Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]
RedStone Set to Improve Connectivity Between Blockchains
With its new product suite, Redstone wants to make it easier and cheaper for blockchains and other data sources to work together. RedStone, a DeFi oracle platform, has raised almost $7 million to build a faster and cheaper cross-chain oracle for decentralized finance protocols. A press release from Monday said that Coinbase Ventures, Blockchain Capital, […]