Binance Accused of Moving $400 Million from U.S. Partner to CEO's Trading Firm in Secret Scheme – Here's the Latest
17.2.2023
Binance has moved more than $400 million from its purportedly independent U.S. partner to a trading firm managed by the company's CEO Changpeng Zhao.
Over $400 million flowed from the Binance.US account at California-based Silvergate Bank to Merit Peak, a trading firm linked to CZ, over the first...
Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners
17.2.2023
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some...
The Bank of Japan to launch its CBDC pilot before May
17.2.2023
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021
Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?
17.2.2023
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on
Siemens issues €60M under Germany’s Electronic Securities Act
17.2.2023
When a 175-year-old conglomerate decides to go the blockchain way, then it could be right to assume that the technology has the potential to be adopted in the times to come. While the crypto industry remains under the lens of scrutiny, Siemens decided to issue bonds worth 60 million Euros to three...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...
Japan Will Launch Pilot for Issuing Digital Yen In April
17.2.2023
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday. The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen
How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
17.2.2023
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack
Mt. Gox top creditor goes with early payout option: Report
17.2.2023
The creditor will be paid by September this year instead of waiting for all the legal processes to be finished
Oman to establish regulatory framework for virtual assets
17.2.2023
Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
17.2.2023
Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares
Router Protocol successfully develops a Layer-1 Blockchain Interoperability
17.2.2023
Router Protocol happens to have been successful in the development of a Layer-1 blockchain. This was made possible with the effective utilization of the Cosmos’ Tendermint Consensus. This was carried out with the aim and intention of being able to correctly address issues related to extant problems...