Cryptocurrency
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CoinFLEX to Resume Withdrawals After $47M Token Offering
  • CoinFLEX paused all withdrawals on the platform on 24 June due to extreme market conditions, and an account going into negative equity without being liquidated.
  • Called Recovery Value USD (rvUSD), the new token will be worth $1 each, and will come with a 20% APR paid daily in rvUSD.
2 days ago
money

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Coinbase to Shut Down Coinbase Pro Platform
  • Launched in 2018, Coinbase Pro was designed to provide advanced traders with unlimited trading volumes, as well as a larger choice of cryptocurrencies.
  • Coinbase plans to replace “Pro” with its Advanced Trade feature by the end of the year, bringing all of its services under the same platform.
June 23, 2022, 3:05 PM
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018

Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings/Getty Images for TechCrunch

Crypto.com Granted In-Principle License in Singapore
  • One of the advantages of receiving a Major Payment Institution license is that it allows companies to provide Digital Payment Token services to customers in Singapore.
  • In order to acquire the license, Crypto.com was obliged to act in accordance with AML and CFT legislations, as well as comply with a number of legal demands.
June 22, 2022, 1:33 PM
Kris Marszalek, Co-Founder and CEO at Crypto.com

Kris Marszalek, Co-Founder and CEO at Crypto.com, on the MoneyConf Stage during day two of RISE 2018 at the Hong Kong Convention and Exhibition Centre in Hong Kong. Seb Daly/RISE via Sportsfile

Celsius Pauses Withdrawals and Transfers, CEL Drops 55%
  • The company said the move was made “to protect and preserve assets”, and was caused by “extreme market conditions”.
  • Over the last few days the company has also moved massive amounts of wBTC and ETH from the Aave platform to the FTX exchange for unknown reasons.
June 13, 2022, 8:34 AM
CEL drops 55%

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Jun 9, 2022
Osmosis Suffers $5M Liquidity Pool Exploit
  • Osmosis’ bug allowed users to add liquidity to any of its liquidity pools, and immediately withdraw 150% of their initial investment.
  • The DEX noted that four individuals were responsible for 95% of the stolen funds, and that two have already volunteered to return $2 million.

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Jun 6, 2022
CAKE Jumps in Price Following Binance Labs’ Investment
  • While far from its all-time high of $43.96, the price of CAKE did jump by 7% following Binance Labs’ investment, and is now traded for around $4.7.
  • As the largest dapp on BNB Chain, PancakeSwap has been leading the development and adoption of the blockchain, which is one of the reasons behind the investment.
Jun 2, 2022
CFTC Sues Gemini Over 2017 BTC Futures Contract Evaluation
  • One of the main points of the complaint is that Gemini provided misleading information on how susceptible to manipulation the BTC futures contract could be.
  • The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act.
May 25, 2022
Decentralized Exchange Uniswap Surpasses $1T in Total Trading Volume
  • Uniswap can be considered the largest DEX by trading volume, having surpassed $1 billion in trading over the past 24 hours.
  • Uniswap was able to onboard millions of users to the world of DeFi, lower the barrier for liquidity providers, and also introduced fair and permissionless trading.
May 19, 2022
FTX.US Launches Stock Trading Platform in Beta
  • The exchange noted that FTX Stocks will be the first platform of its kind to allow users to fund their accounts using fiat-backed stablecoins like USDC.
  • The new platform will offer users no-fee brokerage accounts, commission-less trading, and free access to market and company fundamental data.
May 17, 2022
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