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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...
EOS Network lands $60M investment and partnership from DWF Labs
13.4.2023
DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption
FTX eyes recovery of assets with work for the future in process
13.4.2023
Since FTX’s collapse about four months ago, there has been instability in the cryptocurrency market, forcing holders to follow the wait-watch principle. Things have not been working well for Sam Bankman-Fried since then. He is the former Chief Executive Officer of FTX who has pleaded...
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
12.4.2023
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC),...
FTX has recovered $7.3B in assets, will consider rebooting exchange in Q2 2023
12.4.2023
Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings
Coinbase begins FLR token airdrop in approved jurisdictions
12.4.2023
Coinbase recently announced Flare token airdrop distribution across every approved jurisdiction. All the eligible Coinbase users with simple and advanced trades can access the airdrop. The network released an official tweet to inform the users about the airdrop. The entire processing will...
IMF reiterates call for crypto regulation after the ecosystem's 'rough year'
11.4.2023
According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai
DeFi tool to notify users about suspicious on-chain activity
11.4.2023
In determining the success of Web3, security measures like PureFi’s SafeTransact, in addition to Web3 security companies, are an approach to secure transactions from cybercriminals
FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management
10.4.2023
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled...
Coinbase head of exchange departs and plans to start new crypto project: Report
10.4.2023
Before joining Coinbase in September 2020, Vishal Gupta had been the head of USD Coin at Circle and a vice president at Goldman Sachs
South Korean crypto exchange GDAC hacked for nearly $14M
10.4.2023
The exchange said that all deposits and and withdrawals are temporarily suspended as it performs emergency server maintenance
Report: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa
10.4.2023
In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming...
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
Binance.US unable to find bank partners in the United States: Report
8.4.2023
The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner
Mt. Gox repayment registrations closed: Here’s what’s next
7.4.2023
The deadline for repayment registration for those affected by the Mt. Gox closed, and now the trustee released a statement on its next steps in the repayment process
Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’
6.4.2023
One user claims they were defrauded out of more than $50,000 by the website, which authorities are now referring to as an “alleged cryptocurrency exchange.”
Japan pushes for friendlier environment for crypto with Web3 proposals
6.4.2023
Japan's Web3 project team released a white paper suggesting ways to expand the country's crypto industry to establish a welcoming atmosphere for crypto
Crypto firms needs to be 'supervisable', says ECB board member
5.4.2023
"We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world," said Elizabeth McCaul
Dubai regulator demands Binance provide info on ownership, governance: Report
5.4.2023
According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players
ProBit Global Continues to Empower Emerging Crypto Projects With Success of IEO Platform
5.4.2023
PRESS RELEASE. ProBit Global, a top 20 cryptocurrency exchange, looks forward to continued success in launching exciting and promising crypto projects through its IEO platform, while providing its users with unparalleled profit opportunities. ProBit Global remains buoyant on Initial Exchange...