Lido Finance will end Polygon staking operations starting December 16, 2024. Users must unstake MATIC before June 16, 2025, to avoid using explorer tools. The decision is due to low adoption, zkEVM transition, and focus on Ethereum. Lido Finance, the largest liquid staking protocol in the decentralized finance (DeFi) ecosystem...
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Ripple has announced the stablecoin RLUSD will go live on exchanges on December 17, 2024. The launch comes a few days after the company revealed it received regulatory approval. Ripple’s stablecoin Ripple USD (RLUSD) is finally going live, with the crypto company announcing availability on global exchanges beginning December 17...
FTX will begin customer distributions in January in January 2025. The exchange collapsed in November 2022, with major repurcussions for the greater industry. FTX debtors will commence customer distribution in early January, with its court-approved Chapter 11 bankruptcy reorganization becoming effective on January 3, 2025. The collapsed crypto exchange announced on Dec...
MicroStrategy bought its latest Bitcoin between December 9, 2024, and December 15, 2024 Last week, the company purchased 21,550 Bitcoin for $2.1 billion and the week before it bought 15,400 Bitcoin for $1.4 billion The Bitcoin buying spree comes as MicroStrategy will be added to the Nasdaq-100 Index on December 23 MicroStrategy has acquired an
The Financial Markets Authority (FMA) has issued an alert about a rising cryptocurrency investment scam targeting social media users through YouTube channels and messaging platforms.FMA Warns of YouTube Crypto Investment ScamThe fraudsters operate by creating YouTube channels offering cryptocurrency trading advice and luring viewers into private WhatsApp or Telegram groups with promises of investment tips
Australia's financial watchdog has launched legal proceedings against HSBC Bank Australia Limited (HSBC Australia), alleging the bank failed to adequately protect customers from scams resulting in millions of dollars in losses.HSBC Australia Faces Legal Action over Alleged Scam Protection FailuresThe Australian Securities and Investments Commission (ASIC) filed documents in the Federal Court today (Monday...
Reading Time: 2 minutesBitGlobal has filed a lawsuit against Coinbase for delisting Wrapped Bitcoin (WBTC), claiming financial and reputational damages Coinbase has defended its decision, citing compliance and risk concerns over WBTC’s regulatory status The lawsuit underscores growing tensions between exchanges over digital asset delistings and market practices Cryptocurrency exchange BitGlobal has sued its larger
Reading Time: 2 minutesMeta has released an AI agent to enhance the metaverse experience Dubbed Meta Motivo, it aims to smoothen how avatars move in the virtual world Meta also wants to use the model to create “new types of immersive experiences” Tech giant Meta has released an AI model dubbed Meta Motivo to create
Reading Time: 2 minutesThis week in the crypto world, we saw Microsoft and Amazon tackle Bitcoin investment, Operation Chokepoint 2.0 confirmed, and Binance report a record year. Amazon Says Maybe to Bitcoin; Microsoft Says No Microsoft’s shareholders this week voted against a proposal to incorporate Bitcoin into the company’s financial holdings despite the entreaties of
The rise of cryptocurrency has not been a solitary phenomenon; related services have grown alongside it. The most common of these is the humble crypto exchange—a service used by millions of people around the world daily. Whether accessing bonuses like a $100 no deposit bonus with free spins from a crypto casino or purchasing new