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SBF says spending FTX customers' money was part of 'risk management': Report
31.10.2023
At the time of bankruptcy, FTX faced a shortfall of $8 billion owing to its customers
SBF’s Legal Battle: Scaramucci’s Grim Outlook on Testimony
27.10.2023
FTX founder Sam Bankman-Fried began testimony in his own fraud trial on Thursday, defending himself from accusations of intentionally defrauding his exchange’s customers. Prior to taking the stand, SkyBridge Capital founder Anthony Scaramucci said that the former crypto mogul’s odds...
Crypto Expert Says Withdraw From Binance Now – Is It FUD?
27.10.2023
A crypto expert has urged his customers to withdraw their crypto from the world’s largest cryptocurrency exchange Binance as soon as possible, telling them that “what we’re hearing about Binance is abnormal”. As reported in a tweet on X by Simply Bitcoin, the CEO of crypto...
Report: Crypto Custodians Are Evolving to Provide More Services
27.10.2023
A report issued by Ccdata, a digital asset-focused research firm, describes that crypto custodians have been evolving to introduce new use cases for their institutional customers. These new use cases include staking services, tokenized real-world assets (RWA) custody, and investment product-related...
Central Bank of Spain Embraces Digital Euro, Highlights Benefits for Customers
25.10.2023
Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro, a central bank digital currency (CBDC).In a move that signals the central bank’s proactive stance, a brief document was released...
Binance Resumes Euro Transfers Through New Fiat Partners
21.10.2023
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe. Crypto Exchange...
Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade
19.10.2023
Southeast Asian super app Grab is currently piloting the "Gas Station" to cover gas fees for its Singaporean users if they use NFT vouchers
New York Attorney General Sues Gemini Trust, Genesis Global, and DCG for Defrauding Customers
19.10.2023
New York Attorney General Letitia James has filed a complaint against popular crypto exchange Gemini, crypto lending firm Genesis, and crypto investment company Digital Currency Group (DCG).
The lawsuit also targets two executives, former Genesis CEO Michael Moro and DCG CEO Barry Silbert...
FTX Estate Proposes Recovery Plan With 90% Asset Return Expected
19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...
Coinbase launches Perpetual Futures for Advanced customers
19.10.2023
Coinbase has announced the launch of Perpetual Futures for the customers of Coinbase Advance. It is a dedicated trading tool for sophisticated retail traders. The access to Perpetual Futures is limited to eligible non-US jurisdictions with four contracts, namely BTC, ETH, LTC, and XRP. These...
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
FTX Customers May See 90% Asset Return by Q2 2024 in Amended Proposal
17.10.2023
Customers of the now-bankrupt cryptocurrency exchanges FTX and FTX.US are looking forward to the possibility of reclaiming more than 90% of their assets as part of an amended proposal.
This plan aims to return funds that were held by the exchange before its collapse in November of the previous...
FTX customers could get $9B shortfall claim payout by mid-2024
17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US
Binance Set to Temporarily Cease Onboarding New Customers Following an FCA Restriction on UK Partner
17.10.2023
Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA).
According to an announcement by the exchange on October 16, 2023, crypto traders and investors who have...
Russian Crypto Exchange Moves Money for Gaza Groups, Report
16.10.2023
Palestinian militant organizations, including a Hamas-linked Islamist group, have been using a Moscow-based crypto exchange to transfer millions, a press report revealed. The U.S.-sanctioned platform, which allows customers to convert Russian cash to crypto and then withdraw fiat abroad, has been...
Scammers prefer banking customers over crypto investors in Ireland: Report
16.10.2023
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich
Inside Caroline Ellison’s Explosive Testimony — Former Alameda CEO Accuses SBF of Directing Fraud at FTX
11.10.2023
In bombshell testimony on Tuesday, Caroline Ellison, former CEO of Alameda Research, accused Sam Bankman-Fried of directing her and others to commit fraud under his leadership at FTX and Alameda. Taking the stand in a red dress, Ellison stated “Alameda took several billions of dollars from...
Gama Casino (Sign Up & Play Now): Fully Licensed Online Casino
9.10.2023
Gama Casino is a brand new game project launched in 2023. It is designed for the most comfortable and safe online gaming. Well-thought-out technical solutions allow this resource to provide customers with a high level of security when gaming, making … Continued
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