After a $2.25M fine and a seven-month ban, Binance, which is now a registered reporting business, restarts operations in India and offers full service access once again. After a seven-month suspension, Binance has successfully registered as a “reporting entity” with the Financial Intelligence Unit of India. As a result, following a $2.25 million settlement, the…
Real-World Assets (RWAs) are physical assets that can be tokenized and added to the blockchain ecosystem, but which do not exist in the digital realm. The goal of tokenizing RWAs is to improve accessibility, transparency, and liquidity so that more people can interact with valuable assets. Tokenization of RWAs has significant advantages, but there are…
For the previous month, Injective, a Layer 1 blockchain, has maintained a small trading range, indicating a pessimistic outlook. A phase of consolidation has begun for the INJ price, indicating a lack of interest from investors. This pattern aligns with a more general market decline as the cryptocurrency community waits for the next Altaris update….
Even with the severe decline in the cryptocurrency market, DeFi protocol Aave generated a whopping $6 million in revenue. Considering the intense pressure on other platforms, this accomplishment was a remarkable success. The release of the US jobs report and the Bank of Japan’s rate hike, which alarmed investors and resulted in intense selling pressure,…
On Monday morning, Ethereum plunged more than 20%, a victim of a severely wounded cryptocurrency market that seems to have been pulled down by alarming indications of a possible impending global recession. With the early wake-up call of a carnage on Monday, ETH fell almost 22%, from almost $3,000 to $2,280 at the time of…
Pre-market trading for U.S. stocks tied to cryptocurrencies has seen a steep decrease ahead of the opening bell, reflecting the dramatic decline in the larger crypto market. The sell-off has sent shockwaves through the ecosystem of digital assets and was brought on by a confluence of factors such as regulatory concerns, macroeconomic uncertainties, and geopolitical…
$528 million was pulled out of digital asset investment products last week, the first decline in four weeks. According to a recent analysis from CoinShares, the flight is thought to be a reaction to growing worries about a possible US recession, which are exacerbated by geopolitical unpredictabilities and the ensuing mass liquidations across a variety…
Among exchanges that support USD, Crypto.com held the largest market share in spot cryptocurrency trading volume in July. The Block Data Dashboard reports that Crypto.com, with a 38.5% market share in spot cryptocurrency trading volume, ranked #1 for the first time in more than two years. Coinbase came in second place with 35.8% of the…
The decentralized lending startup Morpho Labs acquired $50 million in investment, with Ribbit Capital leading the round. According to an announcement from Morpho Labs, additional funders included a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic, Mirana, Cherry, Fenbushi, LeadBlock Bitpanda Ventures, Robot Ventures, and others. Paul…