MEXC launches $20M ecosystem fund to support Sei Network
MEXC announced that it is launching a $20 million dedicated fund to support the development of key projects on Sei Network. In a blog post from January 4, Singapore-based cryptocurrency exchange MEXC reported that it would set aside $20 million to fund Sei Network projects. Sei Network is a layer one trading blockchain that boasts […]
Cake DeFi Publishes Merkle Tree-based Proof Of Reserves
Cake DeFi, a Singapore-based decentralized finance (DeFi) services firm, has announced the launch of its Proof of Reserve issuance. Using the cryptographically-audited Merkle tree method, Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, announced the release of its Proof of Reserves. The Merkle tree approach, created by Ralph Merkle in 1979 , is a means […]
Core Scientific To Shut Down Celsius Crypto Mining Equipment
Bitcoin miner, Core Scientific will shut off thousands of mining rigs tied to Celsius Network as a part of the firms’ bankruptcy proceedings. Celsius Network, a defunct cryptocurrency lender, has agreed to let Bitcoin (BTC $16,829) During the miner’s bankruptcy procedures, Core Scientific turned off more than 37,000 mining equipment it had been hosting for […]
Indonesia to launch national crypto exchange in 2023
Indonesia plans to set up a crypto stock exchange in 2023, ahead of moving regulatory powers to securities authorities. According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, […]
Israeli Securities Authority aims to build crypto legal framework
The Israeli Securities Authority is moving to establish a new legal structure for digital assets that puts them under the authority’s umbrella. As more Israeli investors become exposed to digital assets and over 150 companies are active in Israel, the regulator, the Israeli Securities Authority (ISA), has proposed a framework for regulating them. In January […]