CryptoX – Cryptocurrency Analysis and News Portal A white hat hacker borrowed $1.59 million in assets despite depositing one GMX token. Source The post DeFi Protocol Tender.fi's TND Token Plunges Then Rebounds After White Hat Hack appeared first on CryptoX. CryptoX Portal
The government of Thailand is moving to benefit from the digital asset industry growth by allowing tax-free issuance of digital tokens for investment. Thailand’s cabinet has agreed to waive corporate income tax and value-added tax (VAT) for companies that issue investment tokens, Reuters reported. Announcing the news on March 7, deputy government spokesman Rachada Dhnadirek said that companies will be able to access alternative ways of raising capital through investment tokens in addition to conventional methods like debentures. Rachada added that the government expects investment token offerings to generate 128…
FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved. Source
TND, the native token of decentralized finance (DeFi) protocol Tender.Fi, has slumped by 34% after the platform announced that it paused borrowing on Tuesday. Source
The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said. The comments from Wiles came on Mar. 6, the third day of hearings regarding a plan by Voyager to issue a repayment token and sell $1 billion of assets to Binance.US. The SEC earlier argued that the repayment token would constitute an unregistered security offering, while Binance.US is operating an unregulated securities exchange. In a…
Delays to the deal are costing the company $10 million per month, a Sunday court filing on behalf of Voyager said, expressing surprise at delays and evolutions in the SEC’s position on the matter, and urging a speedy resolution to the bankruptcy case. Source
The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC is ramping up scrutiny of Ethereum and crypto staking. Source
A crypto exchange token that’s flying under the radar is on the up and up this week even amid the market-wide corrective move. The native token of the MEXC exchange platform (MX) rallied from this week’s open at $1.23 to a high of $1.74 on Friday, representing an ascent of over 41%. The 215th-ranked crypto asset by market cap is also up more than 80% in the past month and over 101% since the start of 2023. MX has retraced from the high since and is trading for $1.65. Founded…
YFI has managed to fend off bearish market forces with a 7% move to the upside as investors attempt to capitalize on the upcoming roll out of liquid staking derivatives (LSD). Source
The adoption of AWS has been described by IOST as a move to help grow the Web 3.0 world. Decentralized blockchain protocol IOST has announced its integration with Amazon Web Services (AWS) as it looks to double down on its growth in the Web 3.0 world. As the protocol unveiled AWS will help power up its ecosystem and help in enhancing its offerings as it relates to its core Web3.0 solutions. “By collaborating with AWS, IOST aims to integrate AWS Web 3.0 solutions into its ecosystem and enhance its offerings…