April 8, 2024

A senior official at Binance, Tigran Gambaryan, was reported to have pled not guilty to allegations of money laundering in a recent court appearance, said a court-remands-binance-agent-gambaryan-in-prison-approves-efccs-trial-of-cryptocurrency-platform-others/” target=”_blank” rel=”noreferrer noopener nofollow”>local media report Legal challenges for Binance executives in Nigeria Gambaryan was detained in Nigeria since February together with his colleague Nadeem Anjarwalla, following the…

The ParaSwap DAO community has agreed to use the funds in its treasury to compensate hack victims. The proposal was submitted by the ParaSwap decentralized autonomous organization (DAO) on April 4, bringing the idea of using the funds to refund the AugustusV6 contract victims. ParaSwap DAO agrees to compensate victims The community came to a…

Philippines Securities and Exchange Commission (SEC) PhiliFintech Innovation Office Chief Paolo Ong has said that the agency cannot sign off on new methods to withdraw from Binance after its potential ban. Recall that the Philippines SEC ordered the country’s National Telecommunications Commission (NTC) to block access to some exchanges due to their unlicensed status. Philippines…

The Open Network (TON) developers have announced plans to incentivize users to verify their identity using a new palm technology. According to the update, the network has set aside about $5 million in incentives for users who wish to participate in the project. The TON society which constitutes the developers building on the network will…

Decentralized exchange (DEX) aggregator 1inch network has announced a significant achievement in the Web3 space. According to its 1inch.io/1inch-launches-a-web3-debit-card-in-partnership-with-mastercard-and-crypto-life/” rel=”nofollow noopener” target=”_blank”>announcement, the DEX is teaming up with finance-retik/” data-type=”post” data-id=”508244″ target=”_blank” rel=”noopener”>crypto card developer Baanx and payments firm Mastercard to roll out its Web3 debit card. The statement said that the card would be…

The memecoin market has been experiencing a remarkable ride to the top, thanks to some overwhelming gains experienced by some of these tokens. However, some market participants including Mechanism Capital co-founder Andrew Kang believe that a new class of tokens will outshine the regular ones. According to his post on X, Kang believes that culture…