The crypto trading platform, CoinFLEX, has admitted a “lack of responsiveness in the last two weeks because they have been looking for companies/partners to invest in CoinFLEX and have often been under NDAs with them.” The latest update from CoinFlex to retrieve the $84 million losses from a customer was the announcement that the two co-founders, Sudhu Arumugam and Mark Lamb, announced commencing arbitration at Hong Kong International Arbitration Centre (HKIAC).
Author: hassan
hassan
Hassan Shittu contributed to Blockchain Journal as a cryptocurrency journalist, covering blockchain technology, digital asset markets, and broader industry developments. His reporting focused on delivering clear, timely coverage of crypto-related news, with attention to market structure, ecosystem trends, and factual accuracy.
More than 48 different crypto projects formerly based on the failed Terra ecosystem have begun migrating to Polygon almost two months after the Terra ecosystem collapsed following the implosion of TerraUSD (UST).
Leading crypto exchange Binance today announced that its Spanish subsidiary, Moon Tech Spain, was registered with the Bank of Spain as a Virtual Asset Service Provider (VASP) on July 7.
Britain’s Investment Association requested the approval of the Government on Thursday to allow the use of blockchain technology with tokenized funds. The use of blockchain technology to run tokenized funds will make it easier for retail investors to buy illiquid assets.
Earlier this week, the concentrated liquidity protocol of Crema Finance, based in Solana, was exploited.
Crypto lending, a service that boomed during the 2020-2021 years, especially during the COVID-19 pandemic, has recently faced huge difficulties.
Cryptocurrency lender Vauld has been offered another opportunity by larger competitor Nexo, in a sign of mounting consolidation in the crypto market.
Celsius Network has made several loan repayments to lower the threshold at which it will be forcibly liquidated.
In response to the raging curiosity about the next move of the Monetary Authority of Singapore (MAS) on crypto, Senior Minister Tharman Shanmugaratnam has said Singapore is considering new rules to protect consumers.
Cardano (ADA) ‘s long-awaited Vasil upgrade, which aims to improve the network’s scalability and performance, has been successfully tested in readiness for a hardfork of its mainnet.