ICO Archives

Crypto Lending Giant MakerDAO Renames to Sky with New USDS Stablecoin and Governance Token

August 27, 2024

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Telegram CEO Pavel Durov’s Arrest in France Is Unlikely to Be the Last: Galaxy

August 27, 2024

TON, the blockchain, has more than 350 validators globally, but it is unclear how many of these Telegram operates, if any, the report said. Therefore, it’s not clear “how resilient TON can be in the case that France or any other major governments attempt to attack it or to take it down as part of Durov’s arrest.” Source

Crypto Bank Xapo to Manage $200M BTC-Denominated Hedge Fund With Hilbert Capital (HILB-B)

August 27, 2024

“We believe that offering the right products for participants in the space who are aiming not only for exposure to the Bitcoin price, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,” Xapo Director Joey Garcia said. Source

Telegram Under Scrutiny in India, But Ban not Imminent: Reports

August 27, 2024

“Locally, a Telegram ban will have a lasting negative impact on the business development and marketing of the more than 300 solid web3 projects from India,” said Ayush Ranjan, CEO of Huddle01, a DePIN dedicated to making real-time communication performant. “Millions of Indians are active members…disrupting this communication would also impact the price formation of projects’ tokens. If the ban goes through, people will have to move to other app.” Source

Jailed Binance Crypto Exchange Exec Gambaryan’s Case to be Heard a Month Earlier Than Planned in Nigeria on Sept. 2

August 27, 2024

Nigeria’s money laundering case against crypto exchange Binance, detained executive Tigran Gambaryan and fugitive Nadeem Anjarwalla will resume on Sept. 2, a month earlier than planned, after defense lawyers asked for the trial to be brought forward, Gambaryan’s family said. Source

Bitcoin Drops Below $63K on Profit Taking as SafePal’s SPF Gets Points Boost

August 27, 2024

Bitcoin (BTC) slid under the $63,000 mark early Tuesday as profit-taking from a weekend rally extended into a second-day, bringing down the broader crypto market. Source

Tokenization Pioneer Centrifuge Unveils Real-World Asset (RWA) Lending Market With Morpho, Coinbase

August 27, 2024

“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you’re using to borrow.” Source

Crypto Market Has Struggled Since Spot Ether (ETH) ETFs Started Trading: Citi

August 27, 2024

The bank noted that other risk assets have also been weak over this period, but crypto has underperformed since the post-nonfarm payrolls (NFP) rebound, on a volatility-adjusted basis. Nonfarm payrolls is a U.S. employment report usually published on the first Friday of every month. Source

Crypto Lender Celsius’ Bankruptcy Plan Administrator Distributes More Than $2.5B

August 27, 2024

“Approximately 64,000 of these remaining creditors have a distribution of less than $100, and approximately 41,000 more have a distribution of between $100 and $1,000,” the filing said. “Given the small amounts at issue for many of these creditors, they may not be incentivized to take the steps needed to successfully claim a distribution.” Source

U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform

August 27, 2024

The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving a crypto asset trading platform, it announced on Monday. Source