Voyager Secures $484M For Creditor Repayment
To repay creditors, Voyager Digital secures $484 million from FTX, 3AC, and D&O, addressing operational and financial challenges. Voyager Digital has disclosed significant advancements in its endeavors to remunerate creditors after its bankruptcy. Settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance claims have yielded $484.35 million for the organization. This […]
BIS Advocates Urgent Global Stablecoin Regulation
BIS calls for immediate global regulation of stablecoins due to fragmented laws, echoing Senator Warren’s financial security concerns. The Bank for International Settlements (BIS) recently emphasized the need for stablecoins to be regulated globally. BIS determined in an examination of eleven jurisdictions that regulatory fragmentation is a substantial barrier to the implementation of stablecoins. The […]
Bybit Simplifies Crypto Purchase with Google Pay Integration
Bybit has announced that Google Pay has been integrated into its platform, providing its global client base with a single-click option to purchase cryptocurrencies in 35 different currencies. The exchange highlighted in a press release that the connection removes the challenges typically related to cryptocurrency transactions, opening the door for a more approachable and user-friendly […]
Mantra Introduces Hongbai Incentivized Testnet
Through Real World Asset tokenization, MANTRA’s Hongbai Incentivized testnet has been launched to connect traditional and defi markets. The testnet deployment is a step forward for MANTRA’s use of RWA tokenization on a security-focused layer 1 blockchain. The company said on its Medium page: “We’re opening the floodgates for 100,000+ eager participants to explore the […]
EOS Network Unveils exSat to Solve Bitcoin Scalability Issues
In an effort to increase Bitcoin’s scalability and compatibility with layer-2 networks, EOS has unveiled a new option. The creation of exSat, a docking layer, has been announced by EOS Network, a blockchain platform driven by the EOS virtual machine. ExSat aims to bridge the gap between the mainnet of Bitcoin and the various layer-2 […]