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Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court
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The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. OKX
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Where in the world are Su Zhu and Kyle Davies? Lawyers involved in the liquidation proceedings of Three Arrows Capital’s British Virgin Islands fund would certainly like to know, as the hedge fund founders have not been cooperative in the proceedings so far and their current location is unknown. Original Source
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The SSV (Secret Shared Validator) DAO accrued $10 million in assets through strategic partnerships with Coinbase, DCG (Digital Currency Group is the parent company of CoinDesk), and OKEx. SSV DAO will funnel more than $3 million into open and pre-defined grants for developers building applications, staking pools and other tools
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The new grants bring the total in-principle crypto licenses awarded to 14. Original Source
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Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Source
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In its first-quarter earnings report, Coinbase reported lower-than-expected revenues, and a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quarter of 2021. The company said it expected about $1.7 billion of stock-based compensation expenses, up from $1.5 billion previously, citing “hiring trends
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Portuguese based bank Bison Bank has received permission from Portugal’s Central Bank (Banco de Portugal) to operate as a “virtual asset service provider ”(VASP), making the first bank in the country to be given the green light by the regulator.On Thursday, Banco de Portugal updated its list of virtual asset
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Bison Bank was authorized to offer crypto custodian and trading services in Portugal on Thursday. Source
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Polymesh chief Graeme Moore said the platform’s GitHub will contain a list of requests for proposals, but developers can submit their own ideas too. The Polymesh grant program will foster developer firepower for things like a tokenized exchange, cross-chain settlement engine, wallet integrations and a finance-oriented block explorer. Source
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