Coinbase, Gemini set to bid on Celsius Network’s Assets
The assets of the insolvent crypto lender Celsius Network will be the subject of a bidding war between two new consortiums on April 25 in New York. The cryptocurrency exchanges Gemini and Coinbase are among the businesses taking part in the bids, according to reports and court documents. According to court records, one of the […]
Swiss Bank Syz Launches Crypto Fund With CMCC
In association with the venture capital firm CMCC Global in Hong Kong, Syz Group is launching a $50 million fund. The fund will invest in cryptocurrency-focused hedge funds when it launches on July 1. Bank interest in bitcoin (BTC), cryptocurrencies, and web3 has increased globally despite the devastating crypto winter. The most recent development is […]
Romania Connects to Web3 Through its National NFT Market
The Informatics Institute of Romania is getting ready to introduce an institutional NFT trading platform, leveraging Web3 to connect the public and private sectors. With the introduction of a proprietary nonfungible token trading platform, Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) hopes to accelerate Web3 adoption in the nation. The ICI […]
Bybit to Introduce Mandatory KYC Requirements
Know Your Customer (KYC) identity verification will be mandatory for all products and services offered by cryptocurrency exchange Bybit. Users of Bybit who have not finished their KYC by May 8 can only “close existing open positions or orders, return loans, or withdraw,” according to an April 24 update. All future trade will be prohibited. […]
Tether mints 1B USDT to replenish inventory on Ethereum Network
Tether (USDT), the most well-liked stablecoin on the market, has been produced in enormous quantities at Tether Treasury. One billion USDT were created on the Ethereum network, according to a tweet from @whale_alert, a platform that monitors significant cryptocurrency transactions. This might be a sign of increased demand for the token. The CTO of Bitfinex […]