Fairfax County Invests $35 Million Into VanEck Crypto Lending Fund
Fairfax County keeps investing in cryptocurrencies through the VanEck Crypto Lending Fund. Through the asset manager, the county is also learning more about yield farming. Fairfax County, Virginia, has started putting a portion of a $35 million allocation into a bitcoin loan fund run by global asset managers VanEck. Fairfax County, which is putting funds […]
Ripple Hires 2 New Lawyers Over SEC Lawsuit
With the addition of two lawyers to its team, Ripple moves to have a favorable ruling in its legal tussle against SEC. Ripple has added two additional lawyers to its team amid its continuing legal battle with the Securities and Exchange Commission (SEC). In a tweet, attorney James Filan said that two advocates had filed […]
Voyager Digital Goes Bankrupt After Three Arrows Liquidation
Following the recent suspension of withdrawals from its platform, Voyager has now filed for bankruptcy due to a loan default by Three Arrows which is also facing bankruptcy. On Wednesday, cryptocurrency lender Voyager Digital Holdings declared bankruptcy due to its exposure to troubled hedge fund Three Arrows Capital. According to a court document , the […]
Huobi Is A Step Closer To Its US Expansion After Securing A FinCEN License
Digital asset services in the United States are expected in the future, according to a statement from Huobi. The United States Financial Crimes Enforcement Network has granted a Money Services Business (MSB) license to HBIT Inc, a subsidiary of the Huobi bitcoin exchange (FinCEN). Huobi, based in Seychelles, stated on July 5 that the license […]
Remarkable Boost For Crypto As US Federal Panel Gives Its Support
This recent development comes as the US Federal panel believes that both crypto assets and CBDCs could strengthen the US dollar. In an unexpected turn of events, a panel of speakers organized by the United States Federal Reserve handed a significant boost to the cause of cryptos on Tuesday. They advocated for allowing crypto assets […]