Fri, June 26

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

Shares of Robinhood Worth $450M Seized by Regulators From FTX

While FTX was in bankruptcy proceedings in Delaware, the U.S. Department of Justice announced that it had seized $450 million worth of Robinhood stock. To acquire ownership in the publicly listed Robinhood platform. Former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang launched a holding company named Emergent in

January 5, 2023 1 min read

Coinbase Agrees Settlement of $100 Million to NYSD Financial Services

An agreement has been reached between the New York State Department of Financial Services and Coinbase, a publicly listed cryptocurrency exchange based in the United States, for the payment of a fine of $50 million. The exchange was found to be in breach of anti-money-laundering laws. When it was discovered

January 5, 2023 1 min read

Huobi Global Reportedly Pressurizing Staff For Salary in Crypto

A recent allegation claims that Huobi Exchange is pressuring its staff to take compensation in USDT/USDC rather than traditional fiat currencies. Further, they are threatened with termination if they object to the proposed manner of payment. Human resources are talking to workers about the same thing. Workers are angry about

January 4, 2023 1 min read

Indonesia Aims To Setup a Cryptocurrency Exchange in 2023

After the commodities agency hands over cryptocurrency assets to the Financial Services Authority (FSA) in 2023, Indonesia plans to launch a cryptocurrency exchange. Bappebti, the Commodity Futures Trading Regulatory Agency, monitors the cryptocurrency and commodity contract exchanges in Indonesia. Didid Noordiatmoko, the interim chairman of Bappebti, has said that the

January 4, 2023 1 min read

Binance Collaborates With Ukraine’s ANC Pharmacy Chain

ANC Pharmacy, the biggest pharmacy chain in Ukraine, has partnered with cryptocurrency exchange Binance to accept cryptocurrency payments from clients. Many times during the previous few months, the exchange has helped the war-torn nation. Shortly after the start of the Russian “special military operation,” it provided digital assets worth $10

January 4, 2023 1 min read

Former Chair of Bithumb Exchange Acquitted in $70M Fraud Case

On January 3, 2023, the 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted Lee Jung-hoon, the former head of the South Korean cryptocurrency exchange Bithumb. During his trial, Jung-hoon faced charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes. The

January 3, 2023 2 mins read