Research Shows Crypto Custody Market Reached $448B in 2022
According to recent research, in 2022, the custody part of the digital asset industry reached a height of $447.9 billion in valuation, citing a rise of interest in crypto staking and NFTs as the major cause for the increase. PricewaterhouseCoopers (PwC) and wealth technology platform Aspen Digital conducted a joint report on the condition of […]
Binance to Delist API3/BUSD and Other Spot Pairs
Binance has announced the delisting and cessation of trading for several spot trading pairs effective from July 13th, 2023. Effective from 06:00 on July 13th, 2023, the following spot trading pairs will be removed from Binance: API3/BUSD, BLZ/BUSD, GHST/BUSD, NEXO/BUSD, STPT/BUSD, and WIN/BUSD. While Binance has not provided a specific reason for the delisting, it […]
Luxury Watch-backed NFT Serves as Collateral for DeFi Loan
A nonfungible token (NFT) collector described how a decentralized finance (DeFi) loan was secured by a luxury watch and facilitated by a nonfungible token (NFT) representing the asset. On July 11, fictitious DeFi project advisor CirrusNFT described how a user could borrow $35,000 from another user using an NFT representing a tangible item as collateral. […]