Mon, February 3

BlockFi Bankruptcy Filing Reveals an Unsettled $30M to SEC

This year, the cryptocurrency markets went through a lot of turmoil, which affected the value of the tokens. Also, prominent crypto platforms faced several investigations by the Securities and Exchange Commission (SEC). As BlockFi is one of the biggest creditors to the US SEC.  After a string of failures in

November 29, 2022 1 min read

Kraken Settles With U.S OFAC Over Iran Sanctions Compliance

Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,

November 29, 2022 2 mins read

Fidelity Investments Finally Launches Retail Crypto Trading

Fidelity Investments has reportedly launched crypto trading accounts for consumers, after the introduction of a waiting list earlier this month. Even if the FTX fall has coincided with widespread uncertainty, the Fidelity development may be an indication of stability. An email sent out to users today began with the phrase

November 29, 2022 2 mins read

Silvergate Provides Statement on Minimal Exposure to BlockFi

LA JOLLA, Calif. – (BUSINESS WIRE) — Silvergate Capital Corporation (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced a business update, citing that its deposit relationship with BlockFi Inc. (“BlockFi”) is limited to less than $20 million of its total deposits

November 29, 2022 2 mins read

Centralized Exchange Would Continue To Dominate as per JPMorgan

JPMorgan predicted that centralized exchanges would continue to dominate the bulk of global digital-asset trading volumes despite predictions from certain crypto analysts that a move toward decentralized platforms would follow after FTX’s demise. The bank’s strategists, led by Nikolaos Panigirtzoglou, warned clients on Thursday that the DEXs’ slower transaction speeds,

November 28, 2022 2 mins read

Binance Transfers Over $2 Billion Worth Bitcoin to New Wallet

On Monday, the price of Bitcoin (BTC) dropped sharply, falling below the $16.5k support level. Bitcoin’s price is expected to drop to $14,500 before confirming a bottom, according to analysts. On the other hand, other analysts think the BTC price may recover from its present low using information from previous

November 28, 2022 1 min read

Crypto Exchange Bitfront Announces Closure by Year End

In order to devote more resources to its other blockchain endeavors, Japanese company Line has decided to close its U.S. exchange Bitfront around the upcoming New Year. The messaging platform announced in an email to users that it would no longer be accepting new signups as of today and would

November 28, 2022 1 min read

U.S Midterm Elections Donation by FTX CEO Can Be Recovered

The ultimate responsibility is now on SBF’s political contributions, despite predictions from experts that he would likely face prison time for misusing crypto cash. Sam Bankman-Fried’s contributions to the U.S. Midterm Election 2022 made news in the first week of November, just days before the FTX collapsed. SBF was reportedly

November 28, 2022 2 mins read

Crypto Exchange Lemon Cash Lays Off 100 Employees

Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine

November 27, 2022 1 min read

Bitget Registers in Africa To Boost Global Development

Bitget, a cryptocurrency and derivatives exchange, stated on November 25 that it has registered in Seychelles, Africa, to accelerate its worldwide development. Bitget hopes to double its current workforce size of 800 employees by the end of the first quarter of 2023, reaching 1200 employees in total. The company is

November 27, 2022 1 min read
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