Four months ago, Archax, an FCA regulated digital asset exchange announced the closure of a successful $28.5M Series A capital raise. One month ago, Archax partnered with METACO to launch a digital asset custodial service set to support securities, NFTs, and more. Now the United Kingdom based outfit is back at it, announcing the official […]
Tag: STO
Binance.US acquisition of Voyager to proceed, bankruptcy judge rules
A judge at the New York bankruptcy court denied the Department of Justice’s request on Wednesday. The DOJ wanted the court to stop Binance.US from completing its $1 billion deal for Voyager. Judge Michael E. Wiles said pausing the deal pending government appeal would only hurt Voyager clients. Binance.US, the US-regulated subsidiary of the world’s […]
AllianceBlock partners with ABO Digital for structured crypto projects financing
AllianceBlock builds seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure. ABO Digital is the private digital asset investment arm of Alpha Blue Ocean. The two companies have partnered to offer alternative financing for crypto projects. AllianceBlock has partnered with ABO Digital to offer tokenized structured products for institutions and crypto projects […]
SBF and Former Executives of Defunct FTX Received $3.2 Billion
<p>The Founder and owner of collapsed <a href=”https://www.financemagnates.com/terms/c/cryptocurrency-exchange/” class=”terms__main-term” id=”601e2e5f-0c28-4253-9ad4-5e6b251ba2fa” target=”_blank”>cryptocurrency exchange</a> FTX, Sam Bankman-Fried (<a href=”https://www.financemagnates.com/tag/sam-bankman-fried/” target=”_blank” rel=”follow”>SBF</a>), received $2.2 billion in loans and payments from the platform and related entities, mainly Alameda Research, according to the team of administrators in charge of restructuring the company.</p><p>$3.2b for SBF and His Inner Circle</p><p>Five former executives […]
Bad Actors Still Haunt DeFi: Euler and Poolz Finance Exploits Latest Examples
More than $3.8 billion worth of digital assets – if accounting for unreported cases- was lost to various groups of malicious actors taking advantage of loopholes in smart contracts platforms last year. The Chainalysis report highlighting this alarming statistic further pointed out that a bulk of this sum was associated with the decentralized finance (DeFi) […]
SBF Wants FTX to Cover up to $5M of His Legal Fees
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Wednesday, March 15th, Sam Bankman-Fried’s legal counsel requested FTX’s insurance policy to cover some of the former CEO’s legal fees. The filing numbered 964 on the website of the restructuring advisor Kroll, is […]
Coinbase Will Allow ETH Ustaking 24h After “Shapella” Upgrade
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. With Ethereum’s Shanghai-Capella—commonly referred to as Shapella—upgrade on the horizon, Coinbase published an update on what it will mean for its users. While ETH staking has been available for year, the soon-to-come upgrade will […]
Investing In GMX (GMX) – Everything You Need to Know
GMX is a top-performing decentralized perpetual exchange. The network provides a way for institutional clientele to gain exposure to blockchain market movements without risking any regulatory backlash. Notably, GMX currently operates as an established DEX on the Arbitrum and Avalanche blockchains. Perpetual Contracts To understand the significance of GMX, you need to understand perpetual contracts. […]
Bitcoin price recovery at risk amid new Credit Suisse crisis
Bitcoin and other financial assets now have a Credit Suisse problem. Credit Suisse credit default swaps signal that the company could collapse. Credit Suisse stock price plunged by 20% and reached a record low. Bitcoin price came under intense pressure on Wednesday as the banking sector came under a significant strain. BTC pulled back from […]
Coinbase to Offer No-Fee Bank Transfers in Singapore
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Coinbase partnered with traditional banking giant Standard Chartered to let Singapore users move funds to and from their accounts through any local bank for free, the company said in the announcement. The free transfers […]
