Celsius countersues KeyFi, claims deceit and incompetence led to tens of millions in losses

Bankrupt crypto lending company Celsius countersued decentralized finance (DeFi) protocol KeyFi and its CEO Jason Stone on Tuesday in the United States Bankruptcy Court claiming Stone misrepresented himself as an expert in DeFi, and that Stone and KeyFi hadlost Celsius coins through incompetence and deceit. The suit came several weeks after KeyFi sued Celsius for … Read more

A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming ‘buy’

Bitcoin (BTC) price remains pinned below $22,000 as the lingering impact of the Aug. 19 sell-off at $25,200 continues to be felt across the market.  According to analysts from on-chain monitoring resource Glassnode, BTC’s tap at the $25,000 level was followed by “distribution” as profit-takers and short-term holders sold as price encountered a trendline resistance … Read more

KuCoin Releases Into The Cryptoverse Survey – Bitcoin Magazine

KuCoin released a survey detailing bitcoin and crypto adoption in India. 56% of surveyed investors believe bitcoin and crypto are the future of finance. India’s investor class is becoming increasingly younger with time. Cryptocurrency exchange KuCoin published a survey titled “Into The Cryptoverse” showcasing the rising bitcoin and cryptocurrency adoption in India, per a blog … Read more

One-third of estimated 115M Indian crypto users concerned about regulations

India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude toward the sector from the government, according to new data. The latest gauge on the number of users in India comes from cryptocurrency exchange KuCoin, which released the findings of its ‘Into The Cryptoverse India Report’ survey on Tuesday. … Read more

Shardeum Seeking to Raise $20m-$30M Seed Fund at $200m Valuation

Nischal Shetty, the co-founder of Indian cryptocurrency exchange WazirX, is seeking a $20 million to $30 million funding round for his blockchain startup Shardeum at a $200 million valuation. According to TechCrunch, investors in the round include Spartan Group, Struck Crypto, Big Brain Holdings, and Cogitent Ventures. The financing is in the form of a … Read more

NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis

Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides asset collateral for NFT holders by using their NFT assets as collateral to borrow ETH. When someone deposits an NFT into BendDAO, they can borrow up … Read more

Samsung Securities Files Paperwork to Launch A Crypto Exchange

Seven major domestic securities companies in South Korea have filed to launch their own cryptocurrency exchanges in the country. Local newspaper NewsPim reported the new development on Monday. According to NewsPim, Samsung Securities, Mirae Asset Securities, and five other giant brokerage companies have applied for preliminary approval to operate an exchange within the first-half of … Read more

Crypto.com Plans Multi-million dollar Renovation of Staples Center

Singapore-based crypto exchange Crypto.com has tweeted that it will make a series of updates to its iconic arena, the Staples Center, including renovations of giant screens and concession stands, as well as a terrace overlooking downtown Los Angeles. According to the company, the Los Angeles-based venue, the Staples Center, will be renamed and planned for … Read more