Kucoin banned in Ontario, Canada after ghosting securities commission
The Ontario Securities Commission announced that it’s banning crypto exchange Kucoin from operating in Ontario and handing Bybit a $2.5 million fine.
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Billions in funds frozen as crypto manager Babel renegotiates loans
Crypto lender and asset manager Babel Finance is renegotiating its multi-billion loan balance. The company has suspended all withdrawals.
Better call Sam: FTX bails out BlockFi and Voyager despite years of losses
An FTX bailout of $750 million will keep two crypto lenders solvent: $250 million for BlockFi and $500 million for Voyager.
Ex Huobi manager accused of insider trading, netting millions in Tether
Chen Boliang is accused of accessing Huobi's systems to fraudulently create a $20 million credit line with an account set up in his father's name.
Disgraced UK minister Matt Hancock rebrands as crypto bro
After resigning his job as Health Secretary for breaking lockdown rules, Hancock is using crypto to reinvent his political image.
Explained: Solend DAO’s whale wars and DeFi lending drama
Amid a brutal repricing for crypto, Solana-based DeFi lending protocol Solend DAO found itself at the center of several potentially existential crises.
— Bored Apes, NFT
All my Apes are racist: YouTuber wants Nazi-inspired NFTs burned
Claims of BAYC’s ties to racism aren’t new. Back in January of this year, artist Ryder Ripps compiled a list of ‘issues’ with BAYC and its designs.
Streetwear brand holds “God hates NFTs” protest during NYC NFT
The timing of the stunt was either highly unfortunate or deliberately provocative, falling in the middle of Pride month and one day after Juneteenth.
Bancor suspends DeFi Impermanent Loss Protection when users need it most
Citing “hostile market conditions,” Bancor has decided to suspend its main service, Impermanent Loss Protection.
Terra team held in South Korea as Do Kwon named in securities lawsuit
The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.