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Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions
27.7.2022
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s...
Trading Firm Susquehanna Plots Bahamas Crypto Expansion: Sources
22.7.2022
Call it the SBF Effect: Crypto traders and market makers are opening outposts on FTX's home island en masse
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
20.7.2022
The exchange suspended client withdrawals early Wednesday amid rumours of financial troubles
French Banking Giant BNP Paribas Enters Crypto Custody Space: Sources
19.7.2022
French Bank BNP Paribas (BNP.PA) is entering the crypto custody space via a partnership with Swiss digital asset safekeeping firm Metaco, according to three people with knowledge of the deal
Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto Advocacy Body is Dissolved: Sources
19.7.2022
At least ten prominent crypto exchanges are meeting in Bengaluru after the advocacy body that represented the industry, was disbanded last week
Policy Body Representing India's Crypto EcoSystem Disbanded: Sources
14.7.2022
The move was announced Thursday in a video conference call with stakeholders of the industry and representatives of crypto exchanges
Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
13.7.2022
Copper’s Series C round will value the company around $2 billion, according to two sources
Controversial mixer Tornado Cash open-sources UI code
7.7.2022
The privacy-focused mixer has been at the center of several DeFi exploits over the past year as users attempted to obfuscate the trail of stolen funds
Decentralized Mixer Tornado Cash Open-Sources Its User Interface
7.7.2022
Decentralized privacy protocol Tornado Cash is stepping up transparency by fully open-sourcing its user interface
Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources
1.7.2022
Babel is in the process of signing an engagement letter with the investment banking firm, a source said
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer
30.6.2022
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung...
Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources
30.6.2022
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance
Sources: Unity Laying Off Hundreds Of Staffers
29.6.2022
Unity, the company behind the popular game development engine of the same name, has recently laid off hundreds of staffers, multiple sources tell Kotaku.Read more
Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital
29.6.2022
According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose...
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Goldman Sachs Raising Funds to Buy Celsius Assets: Sources
24.6.2022
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help...
Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency
15.6.2022
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400...
Citadel Is Building a Crypto Trading Marketplace With Virtu Financial: Sources
7.6.2022
The effort also includes Citadel’s recent VC backers, Sequoia and Paradigm, with more trading firms to come, according to a source familiar with the plans
New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature
3.6.2022
The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York...