SEC objects to Binance.US’s deal to buy Voyager Digital
The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition. Binance, a cryptocurrency exchange, has received a “limited objection” from the Securities and Exchange Commission of the United States (SEC). US’s planned $1 billion acquisition of insolvent cryptocurrency lender […]
MEXC launches $20M ecosystem fund to support Sei Network
MEXC announced that it is launching a $20 million dedicated fund to support the development of key projects on Sei Network. In a blog post from January 4, Singapore-based cryptocurrency exchange MEXC reported that it would set aside $20 million to fund Sei Network projects. Sei Network is a layer one trading blockchain that boasts […]
Cake DeFi Publishes Merkle Tree-based Proof Of Reserves
Cake DeFi, a Singapore-based decentralized finance (DeFi) services firm, has announced the launch of its Proof of Reserve issuance. Using the cryptographically-audited Merkle tree method, Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, announced the release of its Proof of Reserves. The Merkle tree approach, created by Ralph Merkle in 1979 , is a means […]
Core Scientific To Shut Down Celsius Crypto Mining Equipment
Bitcoin miner, Core Scientific will shut off thousands of mining rigs tied to Celsius Network as a part of the firms’ bankruptcy proceedings. Celsius Network, a defunct cryptocurrency lender, has agreed to let Bitcoin (BTC $16,829) During the miner’s bankruptcy procedures, Core Scientific turned off more than 37,000 mining equipment it had been hosting for […]
Indonesia to launch national crypto exchange in 2023
Indonesia plans to set up a crypto stock exchange in 2023, ahead of moving regulatory powers to securities authorities. According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, […]