WEB3
by BSC News
October 28, 2023
A recap of notable news from the week.
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
Bankrupt crypto exchange FTX is in talks with three potential buyers to revive its operations. The details of these bidders and their proposals remain undisclosed. FTX is considering options that include selling the exchange, partnering for a relaunch, or independently restarting its trading platform.
Find more information here.
Binance announced support for USD Coin (USDC) on the Polygon PoS network. Soon, Binance users will be able to make deposits and withdrawals for native USDC on Polygon. Notably, the abridged version "USDC.e", will now be traded under the ticker MATICUSDCE, as per an official statement from the exchange.
Find more details in the article.
In an October 26 announcement, Floki introduced its very own tokenization platform, TokenFi. The development coincides with the highly anticipated launch of Floki's latest reward asset, TOKEN. The initiative underscores Floki's strategic move to tap into the promising multi-trillion-dollar tokenization market.
Learn more about Floki’s latest development here.
As one of the prominent sponsors at the upcoming ETH Lisbon hackathon, Core DAO is set to offer enticing reward bounties to participating projects. The rewards will be disbursed in CORE tokens. In addition, successful projects will also gain the unique opportunity to present their work to Core DAO's grant committee, potentially resulting in up to $50,000 in funding.
Learn more in the article.
The U.S. Securities and Exchange Commission (SEC) is seeking a hefty $770 million settlement from Ripple Labs over alleged violations of Federal Securities Laws related to the sale of XRP, the company's cryptocurrency. Ripple's key figures, Brad Garlinghouse and Chris Larsen, are expected to contest the fee, potentially extending the case into late summer next year.
Find more information here.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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