On Thursday, local prosecutors in Seoul allegedly had their plea to freeze roughly 140 billion won ($104 million) in assets belonging to Terraform Labs co-founder Shin Hyun-seung, or Daniel Shin, accepted by the Seoul Southern District Court. To safeguard against a defendant using illegal funds for personal gain before trial,
November 20, 2022 2 mins read
Despite the massive fall of FTX earlier this month. London-based investment firm Man Group Plc is planning to start a cryptocurrency hedge fund. According to a Bloomberg report from the 18th of November, Man Group is getting ready to launch its cryptocurrency-focused hedge fund via its algorithmic trading arm AHL.
November 19, 2022 1 min read
On November 14th, American technology firm Ripple announced a collaboration with MSF Africa to “streamline [MSF Africa’s] real-time mobile payments for their customers across 35 countries.” Moreover, MSF Africa, a prominent fintech firm on the continent, has agreed to use Ripple’s on-demand liquidity (ODL) crypto solution. In response to MSF
November 19, 2022 1 min read
Binance U.S is going to resubmit a bid. After FTX filed for Chapter 11 bankruptcy, the agreement with Voyager fell through. Voyager’s exposure to FTX was $3 million as well. It has been reported that Binance U.S, will recommence its offer to acquire defunct cryptocurrency lender Voyager Digital. As a
November 17, 2022 1 min read
Temporarily, Binance has stopped accepting deposits of USDC (SOL) and USDT (SOL) from users. This comes after crypto.com blocked USDC and USDT withdrawals and deposits for Solana. Crypto.com highlighted recent industry developments for the decision. After this news, the price of Solana (SOL) has fallen significantly. The price of SOL
November 17, 2022 1 min read
The 100% sustainable data center infrastructure business Arkon Energy has announced the successful closing of a US $28 million fundraising. The Australian business has also completed acquiring Hydrokraft AS, one of Norway’s top data centers using renewable energy. The acquisition of Hydrokraft is a component of a bold strategy to build
November 17, 2022 3 mins read
After the cryptocurrency exchange Coinbase was granted approval after submitting an amicus brief in favor of the defendants, the price of Ripple’s native token, XRP, spiked. More amicus briefs have now been filed in support of the Summary Judgment motion. Because of this, whales have been increasing their holdings of
November 16, 2022 1 min read
One of the best sportsmen in the world has decided to try his hand at NFTs. Cristiano Ronaldo, a superstar on the soccer pitch, has teamed up with Binance to release his first-ever NFT collection. On November 18, fans will be able to get their hands on the NFT collaboration’s
November 15, 2022 2 mins read
Ripple, a blockchain payments firm, was sued by the SEC in December 2020. The lawsuit has been ongoing for over two years now. Ripple has gained support from a wide range of firms. A significant side issue in the continuing lawsuit between Ripple and the U.S. Securities and Exchange Commission
November 15, 2022 1 min read
Reports surfaced over the weekend that Vitalik Buterin, co-founder of Ethereum (ETH), liquidated a large quantity of ETH tokens. Vitalik’s transactions, according to a wallet tracker, occurred around the time of the major FTX crypto exchange breach. According to MistTrack, Vitalik traded roughly 3,000 ETH for around $4 million USDC.
November 14, 2022 1 min read
