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Finance

Axie Infinity creator secures $150 million in a funding round led by Binance

Axie Infinity creator secures $150 million in a funding round led by Binance

The funds will be used to refund Axie Infinity users who lost their assets after a hacker exploited Sky Mavis’ Ronin validator nodes and Axie DAO in March. Sky Mavis, the developer firm behind the Axie Infinity game, has announced a $150 million funding round led by leading crypto exchange Binance. The funding round also …

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Nexo launches Nexo Prime, a digital asset prime brokerage platform

Nexo launches Nexo Prime, a digital asset prime brokerage platform

Nexo, the leading regulated institution for digital assets, has launched a propriety prime brokerage platform called Nexo Prime. The new brokerage unit targets institutional, corporate, and high-end worth investors. Nexo Prime shall give traders all the necessary tools for trading, borrowing, lending, and securely storing their digital assets all in a single product. It shall …

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Goldman Sachs Group Inc. plans to provide OTC Ether options trading

Goldman Sachs Group Inc. plans to provide OTC Ether options trading

Goldman Sachs Group Inc. has announced plans to offer over-the-counter (OTC) Ethereum (ETH) options trading. According to the bank’s global head Andrei Kazantsev, the decision to offer Ethereum OTC options trading is pegged on rising customer interest in Ethereum, which is the second-largest cryptocurrency by market cap. On Tuesday in a Goldman Sachs Client Webinar, …

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Curve’s Convex Finance Patches $15B Rug Pull Vulnerability

Curve’s Convex Finance Patches $15B Rug Pull Vulnerability

Quick take: The team at Convex Finance has patched a rug pull vulnerability worth $15 billion The bug was discovered after Coinbase tasked OpenZeppelin with conducting a security review of Convex Finance OpenZeppelin discovered the vulnerability could result in 2 of 3 anonymous multi-signature wallet signers, having direct control over Convex’s locked value of $15 …

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