News
FTX Owes To Big Firms, Including Netflix, Apple, Google, Binance, Stanford University
As the FTX saga continues to unfold, more details about the collapsed exchange have come to light. The recently released list of FTX creditors shows the scope of Sam Bankman Fried’s empire. The 116-page document revealed that FTX owed 9,693,985 creditors. Attorneys for FTX filed the document on January 25 as part of bankruptcy proceedings […]
Aave v3 Of Crypto Lending Protocol To Launch On Ethereum
The decentralized lending platform Aave has received approval from its DAO to release its newest protocol version, Aave v3, on the Ethereum blockchain. The launch was given the green light through a successful vote by the Aave DAO. However, it will offer compatibility with seven different assets. Including wrapped bitcoin, wrapped ether, wrapped staked ether, USDC, DAI, link, […]
Crypto Exchange Luno Is Laying Off 35% Of Its Workforce
Luno, a crypto exchange owned by Digital Currency Group (DCG), recently joined the list of crypto firms laying off employees. On January 25, the company announced that it would lay off 35% of its global workforce, citing challenging market conditions and the decline of the crypto growth that appeared in the past few months. According […]
Cardano Stablecoin Djed Is Set To Launch Next Week
The ‘Djed’ Cardano stablecoin’s long-awaited debut date has been revealed. Additionally, the COTI Network revealed on January 25 that the Cardano stablecoin would go live the following week. Although a date was not given, earlier blog posts suggested that it might happen before the end of January. We are pleased to share another update about […]
Grayscale’s Bitcoin ETF Appeal Oral Arguments Scheduled
According to a court order filed on Monday, the District of Columbia Court of Appeals will commence the hearing of oral arguments on Grayscale Investment’s appeal against the SEC’s denial of converting Grayscale Bitcoin Trust into an ETF. However, both sides will argue their cases in the District of Columbia Court of Appeals on March […]
FBI Confirms North Korea Was Responsible For $100M Harmony Crypto Hack
The Federal Bureau of Investigation (FBI) announced Monday evening that actors linked to North Korea were responsible for stealing $100 million from a California-based crypto firm last June. Lazarus Group and APT38, two hacking groups linked to North Korea’s capital, Pyongyang, were behind the Harmony’s Bridge Hack in 2022, the FBI said. The Harmony Horizon […]
St Maarten Adopts Tron As Legal Tender: Impact On TRX Price
Tron has been officially recognized as a legal form of currency by St Maarten, a country in the Kingdom of Netherlands. However, on January 24, Justin Sun revealed that TRON [TRX] had reached a new goal, moving closer to the network’s goal of rapid adoption worldwide. Another milestone for #TRON! St Maarten to adopt TRON as legal tender […]
Crypto Exchange Gemini Is Laying Off 10% Of Its Workforce
Crypto exchange Gemini is cutting 10% of its workforce, The Information reported on Monday, citing an internal message. Gemini, co-founded by twin brothers Cameron and Tyler Winklevoss, is subject to New York banking regulations. The two attributed the layoffs to volatile market conditions that are likely to continue for some time. The layoffs are Gemini’s […]
European Banks Required To Fully Capitalize Crypto Holdings, Draft Proposal States
A leaked document reveals that banks will be mandated to categorize crypto as the most high-risk class of assets, per the final proposed amendments of the 2021 package, to align European Union bank capital regulations with global standards. However, the Parliament Committee will vote on the 2021 EU bank capital rule amendments, which include a […]