Crypto

FTX Owes To Big Firms, Including Netflix, Apple, Google, Binance, Stanford University
Crypto

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 […]

Jan. 26, 2023
Crypto Exchange Luno Is Laying Off 35% Of Its Workforce
Crypto

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 […]

Jan. 25, 2023
Cardano Stablecoin Djed Is Set To Launch Next Week
Crypto

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 […]

Jan. 25, 2023
Grayscale’s Bitcoin ETF Appeal Oral Arguments Scheduled
Bitcoin

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 […]

Jan. 25, 2023
FBI Confirms North Korea Was Responsible For $100M Harmony Crypto Hack
Crypto

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 […]

Jan. 24, 2023
St Maarten Adopts Tron As Legal Tender: Impact On TRX Price
Crypto

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 […]

Jan. 24, 2023
Crypto Exchange Gemini Is Laying Off 10% Of Its Workforce
Crypto

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 […]

Jan. 24, 2023
European Banks Required To Fully Capitalize Crypto Holdings, Draft Proposal States
Crypto

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 […]

Jan. 24, 2023
BlockFi Sells Off $160 Million In Bitcoin Mining Machine Loans: Report
Bitcoin

BlockFi Sells Off $160 Million In Bitcoin Mining Machine Loans: Report

As part of bankruptcy proceedings, the bankrupt cryptocurrency lending company BlockFi intends to auction off $160 million in debts secured by over 68,000 Bitcoin mining rigs, according to reports. As stated in a January 24 Bloomberg report citing “people familiar with the subject,” the New Jersey-based company began the loan bidding process last year. In November 2022, […]

Jan. 24, 2023