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Société Générale was approved to start a MakerDAO vault last year after a unanimous vote from MakerDAO's community members. After several months, for the first time it has withdrawn $7 million in stablecoin, MakerDAO confirmed to The Block.
More info: https://bit.ly/3IMeOzw
Crypto exchange Binance has announced that it will be supporting the network upgrade of Terra Classic (LUNC). The exchange has also provided information on what LUNC users should expect during and after the period of the upgrade.
More info: https://bit.ly/3w1vAmu
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors.
LedgerX, Embed and FTX's European and Japanese operations can begin auction processes in the coming days, Judge John Dorsey ruled on Thursday.
More info: https://bit.ly/3H2qlta
The U.S. Securities and Exchange Commission has filed charges against crypto lender Gemini and Genesis for selling unregistered securities through Gemini’s “Earn” scheme.
The SEC claims that Earn enabled Genesis and Gemini to obtain billions of dollars from hundreds of thousands of investors through these unregistered offers.
More info: https://bit.ly/3GGTKYi
The DeFi tracker DeFi Llama reports that Cardano has $68 million in total value locked (TVL) at time of writing, roughly a 36% increase from January 1st when Cardano’s TVL registered at $48.5 million.
More info: https://bit.ly/3GZtgmh
Troubled cryptocurrency lender Nexo is facing more pressure from regulators as its offices have been reportedly raided as part of an international investigation.
A group of prosecutors, investigators and foreign agents started searches of Nexo’s offices in the Bulgarian capital, the local news agency Standart reported on Jan. 12.
More info: https://bit.ly/3itB3zt
The TASCOMBANK study, commissioned in part by Ukraine’s influential Ministry of Digital Transformation, found a number of use cases (versus its TradFi banking system) for moving around “electronic money” via Stellar — the blockchain launched by Ripple co-founder Jed McCaleb in 2014 following his exit from Ripple Labs.
More info: https://bit.ly/3CH4sgr
Binance, the world’s largest cryptocurrency exchange, has received regulatory approval from the Swedish Financial Supervisory Authority to operate as a financial institution to manage and trade in virtual currency, as part of the exchange’s continuing expansion in Europe.
More info: https://bit.ly/3iqW2mx
According to crypto exchange Bitfinex, which is the technology provider for the bonds, the Volcano Bond — or Volcano Tokens — would allow El Salvador to raise capital to pay down its sovereign debt, fund construction of the Bitcoin City and create Bitcoin mining infrastructure.
More info: https://bit.ly/3X6aDTo
According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has "recovered $5 billion in cash and liquid cryptocurrencies." However, the exchange is still "working to rebuild transaction history," and the total amount of customer shortfall is "still unclear." Speaking to a U.S. bankruptcy judge in Delaware on Wednesday, Dietderich also stated that the company plans to sell $4.6 billion worth of non-strategic investment.
More info: https://bit.ly/3GYjgd8
According to the statement, 90% of user assets on WazirX are held in Binance-based wallets, with the remaining 10% stored in both hot and cold storage wallets. This equals roughly $256.5 million and $28.5 million respectively.
More info: https://bit.ly/3ICgVpd
The American investment firm Albright Capital has pulled out of a class action lawsuit against Terraform Labs, the firm behind the Terra protocol and the Terra Luna Classic (LUNC) coin.
More info: https://bit.ly/3ioe2xS
e-Money stated that they have ceased the issuance with effect from January 9. Furthermore, they would continue to support the issuance of the stablecoin up to March 6. Besides, users can also swap their EURR stablecoins against other digital assets such as OSMO, ATOM, or USD Coin, on the Cosmos decentralized exchange Osmosis.
More info: https://bit.ly/3VW6sbm
According to the statement, users will have until January 31 to withdraw or exchange USDT for any other currency. Failure to do so will result in all USDT balances automatically converting to Circle’s USDC stablecoin.
More info: https://bit.ly/3GVlCZX
CoinGate, a leading European crypto payment gateway, announced on January 10 an integration with Wix .com (NASDAQ: WIX), which accepts crypto payments from their customers in Germany, Lithuania, Spain, and the Netherlands. As a result, German, Lithuanian, Dutch, and Spanish Wix shop owners now have access to the CoinGate e-commerce payment gateway.
More info: https://bit.ly/3IDJGlx
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions.
More info: https://bit.ly/3ZrBsTk
The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
More info: https://bit.ly/3k2BH7h
In a Jan. 8 notice, the Nepal Telecommunication Authority (NTA) ordered ISPs and email service providers to prevent access to “websites, apps or online networks” related to crypto.
More info: https://bit.ly/3IGBAsi