Tue, February 4

Australian Crypto Exchange ‘Swyftx’ Abandons Crypto Earn Program

In light of the “constantly changing regulatory landscape” for crypto assets in Australia. Cryptocurrency exchange Swyftx has decided to end trading its crypto-interest product this week. Beginning at midnight on January 10 (local time), all remaining Earn balances will be restored to users’ trade wallets, and the cryptocurrency exchange will

January 9, 2023 1 min read

Crypto Payments Platform Wyre Imposes 90% Withdrawal Cap

Just days after two former workers purportedly warned at the prospect of closure. Crypto payment firm Wyre amended its withdrawal policy to prevent customers from cashing out up to 90% of their funds. In “the best interest of our community,” Wyre limited withdrawals on the platform on January 7. To

January 9, 2023 1 min read

Binance Faces Intense Scrutiny by U.S Authorities Post Rival FTX Fall

Prosecutors in the United States are investigating Binance’s ties to American hedge funds. As part of a long-running probe into the exchange’s alleged breaches of money-laundering laws. Recent reports indicate that the U.S. Attorney’s Office for the Western District of Washington has issued subpoenas requiring investment firms to disclose their

January 8, 2023 2 mins read

New Deadline For Repayments Registration Revealed For Mt. Gox Creditors

The first payback instalment from Mt. Gox has been postponed by two months, from July 31 to September 30 per a notice from the creditors. Payments will now begin on March 10th, two months later than originally planned. In addition, the January 10th deadline for submitting financial information and cryptocurrency

January 7, 2023 1 min read

Justin Sun Transfers $100M Stablecoins to Huobi Amid Large Withdrawals

After hearing that the crypto exchange Huobi was laying off workers, Tron founder Justin Sun shifted $100 million worth of his stablecoins to the exchange. Nansen’s analysis of the blockchain shows that the funds were transferred from Binance to Huobi, a cryptocurrency exchange in which Sun has a controlling share.

January 7, 2023 1 min read

Juno Advises Users For Self-custody Citing Custodian Partner Issues

In light of the “uncertainty” between Juno and its partner, the cryptocurrency business urged its customers to move their funds to self-custody wallets or liquidate them for fiat money. To address the problems, the corporation will bring in a new partner. Juno recently tweeted that its custody partner has been

January 6, 2023 2 mins read

Three Arrows Capital Founders Receive Subpoena on Twitter

The founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital “3AC”, Zhu Su and Kyle Davies, reportedly received a unique court subpoena via their “Twitter account”. On January 5th, 2023, a tweet thread about the subpoena was posted on the official Twitter account ‘3ACLiquidation’, for the court-appointed joint Liquidators

January 6, 2023 2 mins read

Genesis Announces 30% Layoffs Amid Sluggish Market Conditions

A representative for Genesis Global Trading has confirmed that layoffs occurred on Thursday. Genesis Interim CEO Derar Islim made a public statement before the layoffs were announced. Islim recently said that the company needs more time to find an appropriate solution to the current problems. According to the source with

January 6, 2023 1 min read

FTX Investigation Spotlight Shifted Now on Nishad Singh

The demise of FTX is still making headlines, even in 2023. The collapse of one of the leading cryptocurrency exchanges has resulted in a significant fall in the global crypto industry. Since then, a series of court hearings have been ongoing against FTX’s CEO, Sam Bankman-Fried, and affiliated personnel of

January 6, 2023 2 mins read

Analysts at Cowen Downgrade Coinbase (COIN) Stock

Financial services company Cowen’s analysts lowered their rating on cryptocurrency exchange Coinbase on Thursday. Following FTX’s demise and the general fall in trading volumes in the cryptocurrency market. Crypto firms are under closer scrutiny than ever. The price of COIN dropped by 8.89% at the time of writing, and it

January 5, 2023 2 mins read
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