New Court Filings: FTX Racked Up $19.6 Million in Legal and Financial Advisor Fees in Just 51 Days – What's Going On?
9.2.2023
Court documents have revealed the eye-watering costs behind the ongoing FTX bankruptcy saga. Sam Bankman-Fried paid nearly $20m in fees between November's collapse and the end of 2022.
The grandeur of this legal circus cannot be understated. On the defence team there are 151 staff members . This...
AvaTrade x AMF1: A sheer display of speed, innovation & technology
9.2.2023
AvaTrade and Aston Martin Formula 1 have partnered together, making the Ireland-based forex broker the official trading partner of the racing team. The development comes at the right time, signalling AvaTrade’s commitment to growing while becoming a user-friendly platform. The partnership between...
Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m
9.2.2023
The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million.
The news outlets Chosun and Newsis reported that the CEO (surnamed Ko) led a firm named QRC Bank. Ko was convicted of fraud and other charges. Two other...
Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto
9.2.2023
Dubai, a jurisdiction in the United Arab Emirates (UAE), prohibited by law the issuance of privacy coins such as monero (XMR) and zcash (ZEC), as well as any activity related to them.
According to the new set of crypto regulations,
"The issuance of Anonymity-Enhanced Cryptocurrencies and all...
Web3 to shape future for Gen-Z and Millennials
9.2.2023
Web3 embraces decentralization and powers blockchain technology. Both are the core pillars of not just debatable, digital currency but also several projects looking to give more power to the community. Eliminating the middlemen, pretty much a synonym for a third party, is one of the objectives...
Arthur Hayes bets on Bitcoin, altcoin surge in H1 2023 as he buys BTC
9.2.2023
The ex-BitMEX CEO announces a BTC deployment "over the coming days" amid hope that the good times will last for crypto until the middle of the year
Russian government subsidies crypto mining facility in Siberia
9.2.2023
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid
Argo CEO follows resignation trend after company acquisition by Galaxy Digital
9.2.2023
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital
5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor
9.2.2023
5,000 merchants and 50,000 users are now participating in India’s CBDC pilot project, the RBI’s deputy governor has said, noting that the central bank intends to proceed with the project slowly to avoid unwanted fallouts.
Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced...
Celsius’ Proposed Extension for Wind-Up Opposed by Creditors, US Government
9.2.2023
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn
Kraken is facing an SEC probe Regarding unregistered securities
9.2.2023
Kraken, the popular crypto exchange, is facing a probe by the Securities and Exchange Commission (SEC) The regulator has filed the probe to ascertain whether Kraken broke securities rules. The SEC is assessing the unregistered securities offered by Kraken during the advanced stage. It can even lead...
Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report
9.2.2023
Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may face extradition to France. Another Co-Founder...