Balancer Issues Warning As $6.3 Mn Funds Are Now At Risk
Due to the potential loss of $6.3 Mn, Balancer has advised its liquidity providers to withdraw funds from five pools with immediate effect. Independent exchange In five pools totaling $6.3 million, Balancer has issued a notice to its liquidity providers, asking them to withdraw their assets. The DeFi gaint has been recommending solutions to fix […]
Huobi sees net outflows of over 60M in 24 hours
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange, Huobi within the past week. Within the last week, Huobi, a cryptocurrency exchange, has seen net outflows of nearly $94.2 million USD. The crypto analytics company Nansen estimates that $60 million has left the exchange just in the last 24 […]
Singapore’s lobbyists opposes proposed ban on lending tokens
A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. Singapore’s central bank published consultation papers on October 26 and suggested prohibiting providers of digital payment token services from providing customers with “any credit facility,” including both fiat currency […]
Fidelity downsizes value of its Twitter holdings
Fidelity has downsized the value of its investment in Twitter by more than its initial stake in Elon Musk’s takeover of the platform. Following its support of Elon Musk’s takeover of the social media site, investment firm Fidelity has written down the value of its initial holding in Twitter. The company has written down the […]
Binance joins partnership to address global sanctions compliance
Binance has joined the Association of Certified Sanctions Specialists (ACSS) in an effort to stay in compliance with global sanctions. In a statement on Jan. 6, Binance stated that its staff members responsible for sanctions compliance would attend training as part of the ACSS certification procedure. The organization issued a test covering “information and abilities […]