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The Federal Deposit Insurance Corporation has started to directly monitor financial-technology companies that partner with banks across the U.S., Bloomberg News reported on Wednesday.
Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend. “Strong PepeCoin is doing well right now, showing a lot of strength.
The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion.
Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options.
Synapse, the interoperability protocol and cross-chain bridge, has seen its native token soar after Binance Futures news. On Aug. 16, the price of Synapse (SYN) surged to over $0.57 after gaining more than 40% in 24 hours.
Binance, the world's leading crypto exchange, on Friday made a significant announcement for the universal interoperability protocol Synapse. The crypto exchange revealed futures listing for SYN token.
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved.
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
Hong Kong Exchanges and Clearing Limited (HKEX) announces the launch of HKEX Synapse, a settlement acceleration platform designed to improve market efficiency and transparency for Northbound Stock Connect participants. The platform, set to launch on October 9, 2023, will employ DAML smart contracts to streamline post-trade operations.
In a significant stride towards modernizing the world of financial markets, the Hong Kong Stock Exchange (HKEX) has introduced Synapse, a groundbreaking settlement platform. Synapse, which leverages smart contracts and blockchain technology, aims to revolutionize transaction handling, offering a faster, more transparent, and efficient experience for all market participants.
Hong Kong Exchanges and Clearing Limited (HKEX) announced on October 4 a novel platform called “Synapse.” Designed to streamline post-trade processes, this platform will deploy smart contracts in the DAML programming language.
BNB Chain's opBNB deploys on mainnet, while Synapse's layer-2 chain based on the OP Stack launches — check out the latest DeFi news in our weekly roundup.
In a stunning turn of events, Synapse, a prominent player in the world of decentralized finance (DeFi), finds itself in the midst of a crisis. The project's community is in turmoil as an unknown liquidity provider recently dumped a significant amount of SYN tokens and removed liquidity, causing a sharp drop in the coin's value.
In a recent turn of events, the native token of Synapse, a decentralized finance (DeFi) protocol specializing in cross-chain data transfer, has made a remarkable recovery, bouncing back by more than 17% from its recent low of $0.30. This resurgence in value follows a significant drop of 25% that occurred on Monday, attributed to a substantial sale of SYN tokens by a liquidity provider.
Nima Capital, a family office involved in crypto investments, is facing accusations of initiating a rug pull with the grant tokens of their partner, the cross-chain bridge platform Synapse.
The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.
The VC firm went offline after dumping the tokens and pulling all stablecoin liquidity from the bridge.
Cross-chain bridge Synapse has seen the value of its native token SYN plummet after a liquidity provider (LP) dumped all their tokens. According to data from CoinGecko, the token's price declined by nearly 25% a few hours after the sell-off.
A deep-pocketed investor triggered a sudden price collapse of one Ethereum (ETH)-based altcoin by swapping their token holdings to stablecoins, according to on-chain data. Blockchain tracking firm Lookonchain says that after the crypto whale sold off their large holdings of SYN, the native token of bridge protocol Synapse, the price declined from about $0.
Nima Capital is suspected to have dumped nine million SYN tokens ahead of the agreed liquidity removal period.
Nima Capital accused of a 'rug pull' by selling $3.1M of SYN tokens ahead of time, causing a 22% drop in value.
Venture capital firm Nima Capital allegedly sold more than nine million Synapse (SYN) tokens, drawing the attention of market watchers and developers.
Nima Capital, a long-term financing partner of the Synapse cross-chain bridge, dumped over 9 million SYN tokens. The move sent the token's value plummeting by 20%, hitting a multi-week low of $0.30.
