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Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — ‘I’m Going to Try if I Can’
13.12.2022
Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he wants to start another business in the hope of earning money to repay FTX customers. “I would give anything to be able to do that. And I’m going to try if I can,” he said. SBF Wants to Start a New Business...
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...
Bahamian attorneys pursue access to FTX data of international customers
10.12.2022
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations
Starbucks Unveils Web3 Loyalty Program, Inviting Customers on an 'Odyssey' of Rewards and Benefits
9.12.2022
Seattle-based major coffeehouse chain Starbucks is expanding its exposure to Web3 and non-fungible tokens (NFTs) with the launch of the beta version of Starbucks Odyssey, a new loyalty program made available to a small group of waitlist members comprising customers and employees in the US. ...
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Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
8.12.2022
A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported.
Judge Martin Glenn delivered the order verbally in a hearing on Wednesday. Per the report, this cryptocurrency “never touched...
Bitcoin Price and Ethereum Prediction; Celsius Customers to Get $44M in Crypto From Bankruptcy
8.12.2022
Bitcoin, the leading cryptocurrency, has failed to hold above the $16,900 support level, which has now become a major resistance. While Ethereum, the second-most valuable cryptocurrency, has also breached a major support level of $1,240, extended by an upward channel.
Given this, BTC and ETH...
Bankruptcy judge orders $44M in crypto to be returned to Celsius customers
8.12.2022
The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts
FTX hires forensics team to find lost customers’ billions: Report
8.12.2022
Lawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail
Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets
3.12.2022
According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes...
Miami Nightclub Owners Mourn The Lack of Crypto Rich Customers as Market Prices Crash
1.12.2022
Miami nightclub owners are facing slumping sales and dwindling revenue as crypto rich kids are staying away from the entertainment venues amid the recent collapse of FTX and the broader crypto market downturn.
According to a new report from the Financial Times, nerdy crypto entrepreneurs...
Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran
28.11.2022
Kraken has agreed to pay $362,1159 to settle its potential liability for violating U.S. sanctions against Iran
Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
28.11.2022
As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere...
UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
26.11.2022
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk and heavily used for criminal purposes and, as such, we no longer support them.”...
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
25.11.2022
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet...
Latam Based Cryptocurrency Exchange Ripio Expands to US
25.11.2022
Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies...
Brazilian Bank Itau Unibanco to Offer Cryptocurrency Custody Services in 2023
21.11.2022
Itau Unibanco, one of the biggest Brazilian banks, has announced it will offer cryptocurrency custody services in 2023. Itau Digital Assets, the cryptocurrency unit of the company, will be responsible for this offering, which will be first available to customers of the bank, and then to third...
US Court Approves Deadline for Celsius Customers to File Proofs of Claim
21.11.2022
Customers of the bankrupt crypto lender have until Jan. 3, 2023 to file proofs of claim if Celsius’ scheduling of their claims as filed are incorrect
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit
18.11.2022
A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy. Brazilian...
Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa
18.11.2022
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” The evolution of Ripple’s partnership with MSF Africa, which has...
MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to ‘Ocean Blue’
18.11.2022
PRESS RELEASE. As of September 2022, MEXC has finally reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18th of this year, MEXC will introduce a major brand color change to its global userbase to spread awareness for which it stands for....