Nexo had offered BlockFi an $850 million deal in July
    19 Nov 2022
    44 Views

    Crypto lender Nexo made an unsuccessful offer to acquire troubled rival BlockFi earlier this year as part of a proposed deal worth about $850 million, according to The Block. The deal included $30 million for the acquisition of 51% of BlockFi as well as a $500 million credit line. In July, Nexo had offered rival…

    Cardano developer to issue dollar-pegged stablecoin USDA
    19 Nov 2022
    23 Views

    Cardano developer Emurgo announced plans to issue a US dollar-pegged stablecoin, USDA, on the Cardano network in early 2023. Emurgo plans to introduce USDA by the end of Q1 2023. Emurgo, Cardano’s official commercial arm, said in a statement that USDA will be the first regulated stablecoin on the blockchain backed by a fiat currency….

    FTX collapse could push crypto toward decentralization and market recovery – expert

    Jonah Van Bourg, Cumberland’s Head of Trading, said on Twitter that FTX’s collapse will trigger calls for significant changes in crypto markets away from centralization. He also said that these industry-defining events usually come before market recovery. The collapse of crypto exchange FTX would trigger significant market structure changes, namely moving away from a model…

    Binance receives regulatory approval as an institutional crypto custodian in Abu Dhabi
    17 Nov 2022
    30 Views

    The world’s largest crypto exchange Binance has secured permission from financial regulators in Abu Dhabi to operate as a crypto custodian for institutional clients. This is the latest crypto license for the company in the UAE. Binance received the regulatory nod from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This body is a unit of…

    Binance launches NFT collection with Cristiano Ronaldo ahead of World Cup in Qatar
    16 Nov 2022
    30 Views

    Binance is issuing the first in a series of Ronaldo-themed NFT drops for Nov. 18, despite its previous criticism of celebrity endorsement of crypto companies. Binance said it chose celebrities that were known for their honesty and independence. Binance, the world’s biggest crypto exchange, is back in the headlines again. After the signing of a…

    USDC stablecoin issuer Circle adds support for Apple Pay
    16 Nov 2022
    30 Views

    Accepting payments in Circle’s USDC stablecoin is now available via Apple Pay. The addition will help crypto businesses by making it easier to take payments, Circle said. Merchants who accept payments in Circle’s USDC stablecoin can now interact with Apple Pay, Circle said in a blog post. “NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets,…