Lido Finance Activates Staking Rate Limit As deposits Rise
One of the most popular DeFi liquidity staking protocols, Lido Finance, announced the activation of the Staking Rate Limit. The Staking Rate Limit was implemented as a precaution after an increase in ETH deposits.As of February 25, Lido Finance reported that there were more than 150,000 ETH staked. While this is good news for Ethereum, […]
G20 claims FSB, IMF, BIS papers will form global crypto framework
Standard-setting papers and suggestions for a global crypto regulatory framework will be delivered by the FSB, IMF, and BIS. The FSB will release proposals on the regulation, supervision, and oversight of international stablecoins, crypto asset operations, and markets by July 2023, according to a paper summarizing the findings of the meeting with finance ministers and […]
Texas opposes Voyager-Binance.US agreement
Texas asserts that the terms of service and restructuring strategy for Binance.US are not sufficiently transparent. A court document from February 24 reveals that the State Securities Board of Texas and the Department of Banking are opposed to a proposed agreement between Binance.US and insolvent crypto lender Voyager Digital. The terms of service and restructuring […]
FTX Japan Permits Full Fund Withdrawals
Users of FTX Japan have begun withdrawing all of their monies as the litigation between FTX and SBF waits patiently for a resolution. As Changpeng Zhao, the CEO of Binance, indicated the cryptocurrency exchange would liquidate its sizeable holdings of FTX Token (FTT $1.51), the crypto platform delayed fund withdrawals on November 7, 2022. On […]
Colombia Judicial System Conducts Metaverse Experiments
Colombia has established itself at the forefront of innovative methods for conducting out legal processes after recently hosting a trial in the metaverse. According to a recent story, a Colombian court recently held its first legal trial in the metaverse, with the court magistrate remarking that it felt “more real than a video chat.” A […]