Tue, February 4

Binance CEO CZ Stated ‘Never Touch User’s Fund’

The world’s largest cryptocurrency exchange Binance CEO Changpeng Zhao ‘CZ’, sat down for a round of questions. And CZ answered anything from how to buy a cool Binance sweatshirt to the FTX collapse in an interview video that was released on Binance’s Twitter account on December 27. The CEO of

December 28, 2022 2 mins read

Kraken Exchange Announces Ceasing of Operations in Japan

Kraken, a global cryptocurrency exchange, is ceasing operations in Japan for a second time. Blaming a drain on its resources caused by the country’s “weak crypto market.” Kraken announced in a blog post on December 28 that it would be closing its offices in Japan. And removing its registration with

December 28, 2022 1 min read

Crypto Lender Nexo openly Seek Options to Obtain Vauld

A Singapore-based crypto lender Vauld announced on December 26 that the July acquisition agreement between Vauld and its rival Nexo had “not come to fruition.” In response, Nexo stated today that discussions were ongoing and that it was still hoping to close the deal. However, Vauld has until January 20

December 27, 2022 1 min read

HSBC Filed Trademark Application for Crypto-Related Services

HSBC, a British multinational universal bank, has submitted trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency and products and services, including those relating to the metaverse and non-fungible tokens (NFTs). And Mike Kondoudis, a USPTO-licensed trademark lawyer, tweeted on Dec

December 27, 2022 2 mins read

What happened to Crypto this 2022?

The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption.  2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,

December 26, 2022 3 mins read

French Investors File 2.4M Euros Lawsuit Against Binance Exchange

According to reports in local media, fifteen French investors have filed a lawsuit against Binance France and Binance Holdings Limited for false concealment and deceptive business activities. Binance was accused of breaking French law on December 14 in a complaint made by the plaintiffs. The complaint said that the exchange

December 26, 2022 2 mins read

FTX indemnifies $12 million as security before filing for its Bankruptcy

The FTX crypto exchange became obsolete after its sister company Alameda Research had its felonious hands over the FTX Users’ funds. FTX along with its 130 more affiliated companies commenced their voluntary chapter 11 under the U.S. Bankruptcy code.  According to the U.S. District Court, the debtors (FTX) paid $12

December 24, 2022 1 min read

Caroline Ellison Admits to Hiding Billions of Secret Loans From FTX

The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how

December 24, 2022 2 mins read

SPAC Deal of Crypto Exchange Bullish Called Off

The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York

December 23, 2022 1 min read

OpenOcean DEX Aggregator Launches New Cross-chain Swap Platform

As a result of pooling liquidity from several DEXs, aggregators may provide their consumers with more advantageous token exchange rates than any single DEX could provide. When executed properly, DEX aggregators may optimize slippage, swap fees, and token prices, providing customers with a more favorable exchange rate. OpenOcean, a DEX

December 23, 2022 1 min read
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