Solend's community approved a plan to acquire control of the whale's accounts earlier this week, then reversed course after decentralisation advocates opposed it, and is now considering a third proposal that will draw down borrowing limits so that borrowed positions exceeding $50M will be progressively liquidated.
YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets.
As part of our editorial content, we provide investors and learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.
In a significant leap towards the future of finance, the Bank of China's investment banking arm, BOCI, and Swiss banking giant UBS have come together to make a monumental move - the issuance of a fully digital tokenised security in Hong Kong. A first for a Chinese financial institution, this event marks the dawning of a new era in the financial sector, underscoring the transformative potential of blockchain technology and tokenised securities.
The United Kingdom is taking a significant step towards regulating cryptocurrency by banning free promotional NFT and crypto airdrops that encourage investment. The Financial Conduct Authority (FCA) has announced that the new rules are set to come into effect on October 8, 2023.
As it grapples with the ever-tightening leash of American crypto enforcement, Binance sets its sights on UK regulation, a significant pivot in its strategic blueprint. In a candid admission of the trying circumstances in the US market, Binance's top strategy executive concedes to the mounting difficulties that the crypto giant is facing.