In the ever-evolving world of decentralized finance (DeFi), trust remains a cornerstone. However, recent events surrounding Magnate Finance, a DeFi lending platform on the Ethereum Layer 2 network Base, have shaken this trust to its core.   The Heist Magnate Finance, once a promising DeFi lending protocol, has now become the epicenter of controversy. The […]

The crypto custodian company, Cobo, has recently made headlines with its revolutionary Argus V2 protocol. Significant Milestone for Cobo Argus Crypto custodian company, Cobo, has hit a milestone with their Argus protocol. In just a week after its launch, the value of funds locked on Argus exceeded $100 million, according to Discus Fish, CEO of […]

Grayscale Investments, a cryptocurrency digital asset manager, has announced the formation of Grayscale Funds Trust to broaden its global asset management capabilities. Grayscale Funds Trust The Grayscale Funds Trust is a Delaware statutory trust structure that allows the firm to manage its older products while pursuing exchange-traded funds (ETFs) to expand its ETF portfolio under […]

The financial sector has been affronted over the past few months by a continual downward trend within markets. With rising interest rates, US regulators shutting down mid-size banks, and continual global events causing further knock-on effects on the world economy, banking is incredibly unstable right now. Banking stocks have been falling for the past few […]

Discover the latest development in South Korea’s crypto regulations as the country’s central bank secures the right to probe local virtual asset entities. Bank of Korea Gains Investigation Authority The Bank of Korea (BoK) has been granted the authority to investigate local cryptocurrency firms, following the financial regulator’s decision to drop its opposition. This move […]

Abu Dhabi Global Market (ADGM), a financial free zone in the UAE’s capital, has proposed a legal framework for decentralized finance (DeFi) and digital assets. The framework aims to establish rules for DeFi protocols, such as peer-to-peer lending platforms, and cryptocurrencies, like Bitcoin and Ethereum. The proposal is open for public feedback until Friday, 12 […]

Hong Kong’s virtual bank, ZA Bank, announced that it will provide cryptocurrency conversions and accounts in the city, amid a push by the government to promote fintech innovation. This development makes ZA Bank Hong Kong’s first virtual bank to offer cryptocurrency-related services. Settlement bank for crypto exchanges As the largest virtual bank in Hong Kong, […]