Synthetix Secures $20M Investment From DWF Labs
Synthetix, a derivatives liquidity protocol, and DWF Laboratories officially announce their new cooperation and $20 million investment. Synthetix, a platform for issuing tokenized assets, has partnered with Web3 Investment KPMG enters the metaverse with $30M investment in Web3 trainingand quantitative trading firm DWF Laboratories to win a $20 million investment. In March 2023, the market […]
GameFi Project Gala Sues pNetwork For $28 Million
Gala Games said that it has filed a lawsuit against pNetwork the cross-chain interoperability bridge that Gala uses on the BNB Smart Chain. Gala Games was hacked in November of last year after over $2 billion in GALA tokens were created by an unauthorized wallet address and dumped on PancakeSwap, removing $4.5 million from the […]
Crypto Exchange OKX To Exit Canada By June 2023
Cryptocurrency exchange OKX will be ceasing its operations in Canada, and exiting the country by June 2023 due to “new regulations”. The Canadian users of the cryptocurrency exchange OKX were notified via email on March 20 that the company, claiming “new restrictions,” “would no longer provide services or enable users to establish new accounts in […]
Crypto.com secures MVP preparatory license from Dubai regulator
Crypto.com confirmed today that it has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). After receiving provisional clearance from the Dubai authority in 2022, the exchange was granted this operating license for the preliminary phase. The MVP license enables the exchange to meet the requirements to operate in accordance with the […]
Belgian Regulators Introduce New Crypto Ad Rules
Belgian regulator, Financial Services and Markets Authority has announced new laws requiring accurate crypto ads and warning investors of the risks involved. As a result of a study accusing cryptocurrency investors of participating in get-rich-quick schemes, the Financial Services and Market Authority (FSMA) will demand notification on all key commercial crypto campaigns. Participants must abide […]