Tue, February 4

FTX Loan Washed Out $800M in BlockFi Executives Equity

BlockFi, a cryptocurrency lender, has revealed its revenue figures. The filing describes the consequences of an FTX loan in June on 13 BlockFi executives. BlockFi’s equity interests were wiped out by a total of $800 million as a result of the loan. A statement of financial affairs released by the

January 12, 2023 1 min read

Judge Dorsey of Bankruptcy Deemed the Bipartisan Letter “Inappropriate”

According to reports, the bankruptcy court handling FTX’s case has rejected a letter signed by four US senators seeking an impartial examiner in the case. Concerns over FTX’s interconnection to Sullivan & Cromwell LLP were mentioned by the senators in a letter they sent on January 9th. The letter defined

January 12, 2023 1 min read

Binance To Increase Workforce by 30% in 2023 as per CEO ‘CZ’

Binance CEO Changpeng Zhao shared his plans for the exchange in 2023 at a conference in St. Moritz, Switzerland. CZ said that he plans to increase the exchange’s employment by 15-30% this year. Additionally, he discussed the exchange’s expansion despite the year 2022’s severe bear market. According to his calculations,

January 12, 2023 1 min read

Robinhood Announces Delisting of Bitcoin SV With 25th Jan Deadline

On Wednesday, Robinhood said it will stop accepting Bitcoin SV (BSV) and delist the cryptocurrency later this month. According to the latest Robinhood announcement, as of January 25th, the exchange will no longer support Bitcoin SV trades, purchases, or transfers. After that time, any unsold BSV in customer accounts will

January 12, 2023 2 mins read

S.Korean Tax Authorities Reportedly Launches Inquiry Against Bithumb

It has been reported that the South Korean National Tax Service (NTS) has launched a special tax inquiry against Bithumb Korea and Bithumb Holdings. To check on the cryptocurrency platform’s compliance with local taxes regulations. Both Kang Jong-hyeon (who is widely believed to be the exchange’s true owner) and his

January 12, 2023 1 min read

Crypto Exchange Binance Receives Regulatory License in Sweden

Binance, the biggest cryptocurrency exchange in the world, is now officially recognized as a legal entity in Sweden by the Swedish Financial Supervisory Authority for the purpose of managing and trading virtual currencies. Furthermore, after Italy, France, Spain, Poland, Cyprus, and Lithuania, this is the seventh EU country where the

January 11, 2023 1 min read

Ark Invest Yet Again Buys Coinbase Shares Worth $1.45M

An email sent to investors on Tuesday revealed that Cathie Wood’s investment business, Ark Invest, had bought an additional 33,756 shares of Coinbase (COIN) on Tuesday. With a price of $43.23 per share approx, the total value of the acquisition is around $1.45 million. The money was invested in the

January 11, 2023 1 min read

Indian Crypto Exchange WazirX Publishes Proof-of-Reserve

WazirX, India’s biggest cryptocurrency exchange, said on Wednesday that it had disclosed its proof-of-reserves (PoR) and had a reserves-to-liabilities ratio of more than 1:1. Among the $286.10 million in reserves reported by WazirX. The Shiba Inu (SHIB) token is the largest at about $54 million. WazirX, a cryptocurrency exchange, said

January 11, 2023 1 min read

Crypto Exchange App Tap Global Listed in UK Stock Exchange

The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a

January 11, 2023 1 min read

BlockFi Seeks the Court Remain Their Personal Data Confidential

BlockFi, an online platform and mobile app that allows users to purchase, sell, and trade cryptocurrency, has filed for bankruptcy and is attempting to keep their personal information private in a court filing on Tuesday. They have also claimed that they are concerned about identity theft or being a target

January 11, 2023 1 min read
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