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HSBC Subsidiary to Acquire Silicon Valley Bank's U.K. Unit for 1 Pound
13.3.2023
The bank said the deal is a move to strengthen it's regional presence
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars
8.3.2023
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela...
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
3.3.2023
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long...
US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
1.3.2023
The U.S. Securities and Exchange Commission (SEC) may ramp up its recent surge of cases targeting crypto firms by once again boosting the size of its digital assets enforcement squad
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
22.2.2023
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s...
Japan’s FTX unit K.K. decides to return back its client’s money
21.2.2023
The FTX unit in Japan, a subsidiary of the failed cryptocurrency exchange of Sam Bankman-Fried, announced its decision to resume withdrawals this week to make the 1st of the FTX group to return funds to customers. FTX, also known as Futures Exchange, is currently a bankrupt company that previously...
Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
17.2.2023
The dawn of 2023 has seen crypto assets break free of suppresive year-long price action. But with many in tech betting big on the Metaverse at the start of 2022, things are getting ugly.
In an exclusive report from Chinese news outlet 36 Krypton. It has been revealed that the world's largest video...
FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
16.2.2023
FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said
Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase
15.2.2023
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating...
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
6.2.2023
Ethereum to Reach Peak of $2,474 Per Token in 2023, Finder’s Survey of Crypto and Fintech Experts Reveals
31.1.2023
Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum...
Crypto Asset Aptos Soars to All-Time High, Increasing 391% in 30 Days
27.1.2023
During the past 30 days, the layer one blockchain asset aptos (APT) has risen 391.8% against the U.S. dollar. In the past seven days, Aptos has increased 123.7% after reaching an all-time high of $19.92 per unit on Jan. 26, 2023. The Role of Decentralized Finance, Infrastructure Support, and NFTs...
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K
24.1.2023
The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the product comparison web portal finder.com do not believe the leading digital asset will break the $30,000 range this year. Finder’s panel of 56 specialists convened to give their 2023 bitcoin price...
Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%
21.1.2023
On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise has led to the crypto asset’s dominance level...
Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?
20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.
Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...
Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit
18.1.2023
"In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity," it told shareholders in a letter Tuesday
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
11.1.2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents...
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
9.1.2023
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from...
‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
27.12.2022
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil,...