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Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
Bankrupt crypto exchange FTX begins strategic review of global assets
20.11.2022
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court's approval
Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment
19.11.2022
A prominent Asia-based crypto investment firm, Sino holds many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire. FTX was also a key partner on a big fund Sino raised with outside investors' capital
Binance Puts Ronaldo NFTs in Spotlight With First-Ever Global Ad Campaign
18.11.2022
The footballer's inaugural NFT collection featuring four rarity levels launched on Friday
Bitflex: Next-Generation Cryptocurrency Exchange Officially Launches
18.11.2022
PRESS RELEASE. Seychelles, November 18, 2022 – Bitflex Ltd. (“Bitflex,” “we” or “our”), a blockchain technology company in the global market, today has just announced the official launch of its cryptocurrency exchange. The launch follows an extremely successful beta period, which saw its user base...
MEXC Global now exceeds 10 million users; the meaning behind the upgrade color to “Ocean Blue”
18.11.2022
As of September 2022, MEXC has reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18, 2022, MEXC will introduce a major brand color change to its global user base to spread awareness of what it stands for. After surveying customers directly...
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....
Crypto Will Soon Threaten Global Financial Stability, FSB Official Says
17.11.2022
In the wake of FTX’s demise, the Financial Stability Board official urged authorities worldwide to move beyond sectoral boundaries and agree on global norms for the industry
Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful
17.11.2022
Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn yield product.
The company said in an announcement that it was “operating business as usual,” claiming that,
“With recent news surrounding Genesis today, Tether would like...
Tether says it has no exposure to Genesis Global or Gemini Earn
16.11.2022
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency
MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve
16.11.2022
Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.
The pilot dubbed the “regulated liability network,” will be conducted in a test environment using...
Biggest Movers: BCH Climbs to 1-Week High, DOT Declines
16.11.2022
Bitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. The global cryptocurrency market cap is down by 2.45% as of writing, which comes as traders reacted to rising geopolitical tensions. Polkadot was a notable token to slip, as prices collided...
Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals
16.11.2022
Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....
27,000 requests last year: Collaboration key for Binance’s Investigations team
16.11.2022
Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime
Breaking: Crypto lender Genesis Global halts withdrawals
16.11.2022
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust
UAE regulator adopts blockchain to speed up commercial judgments
16.11.2022
ADGM Courts aims to "massively transform the delivery of judicial services," said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts
What's the Matter With Delaware? How Joe Biden's Home State Became a Global Tax Avoidance Hub
15.11.2022
Delaware is helping companies cheat the other 49 states of tax revenues – and that’s just the tip of the iceberg
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
15.11.2022
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender...
Liquid Global, Crypto Exchange Owned by FTX, Halts Withdrawals
15.11.2022
The Japanese exchange lost $90 million in an attack in 2021