Sat, June 27

Former FTX CEO SBF Reportedly Signed U.S Extradition Papers

On December 20th, reports surfaced that Sam Bankman-Fried (SBF), the founder of the insolvent cryptocurrency exchange FTX, signed paperwork authorizing his transfer to FBI agents for extradition to the United States to face criminal charges. This was anticipated since on December 19 Bankman-Fried was said to have accepted in principle

December 21, 2022 2 mins read

Ireland Grants Coinbase Virtual Asset Service Provider License

Coinbase said on Wednesday that it has received a Virtual Asset Service Provider license from the Central Bank of Ireland. With an eye on serving customers all around Europe and beyond, Coinbase plans to establish a European hub in Ireland. Coinbase has also appointed Cormac Dinan to the position of

December 21, 2022 1 min read

Democratic PAC Plans To Return $3M in Donations From FTX

The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a

December 21, 2022 1 min read

Crypto Exchange Binance Joins US Chamber of Digital Commerce

Binance is increasing its attempts to comply with American law enforcement and regulators. Earlier today, the biggest cryptocurrency exchange in the world by trading volume stated that it has joined the Chamber of Digital Commerce, an American lobbying organization, in order to “help establish policies that benefit and protect users.”

December 21, 2022 1 min read

Crypto Exchange Coinbase’ Stock Price Falls to All-time Low

Despite the general decline in tech equities this year (2022), Coinbase stands out as a publicly listed firm whose major business is cryptocurrency. Other businesses in this exclusive group include Block Inc. (previously Square) and crypto mining companies Core Scientific and Riot Blockchain. Coinbase’s share price has dropped 87.04%, to

December 21, 2022 1 min read

Uniswap users can buy Cryptocurrency via Credit & Debit cards

Decentralized (DEX) crypto exchange Uniswap has collaborated with financial firm Moonpay to create a bridge between DeFi and traditional currencies. According to the cryptocurrency exchange, the partnership enables Uniswap users to buy digital assets using a bank account or supported credit or debit card. Fiat currency Entered into Uniswap Uniswap

December 21, 2022 1 min read

Binance Expands Into Indonesia by Acquiring Tokocrypto Exchange

After Pang Xue Kai, the exchange’s founder and previous CEO resigned. Binance on December 19 stated that it had acquired a controlling stake in the Indonesian cryptocurrency exchange Tokocrypto and named a new CEO. By purchasing its third licensed cryptocurrency exchange, Binance is capitalizing on favorable market circumstances to expand

December 20, 2022 1 min read

Gleec BTC Exchange Acquires Brazilian Cryptocurrency Platform Blocktane

Leading cryptocurrency exchange platform Gleec BTC Exchange is seeking to expand in Latin America, beginning in Brazil where it recently acquired Blocktane’s operational assets. For a brief while, Blocktane ranked high in the Brazilian cryptocurrency industry. Gleec BTC Exchange took the initiative and announced today that it has purchased the

December 20, 2022 2 mins read

Boris Johnson’s Brother Jo Quits as an Adviser to Binance

Boris Johnson’s brother Jo has resigned from his position as an adviser to the Binance cryptocurrency trading platform. In addition, Lord Johnson of Marylebone’s official documents reveals that he just started working in the position in September. The cryptocurrency market is in a volatile situation right now. And the business

December 20, 2022 1 min read

Sam Bankman-Fried Agrees to U.S Extradition to Face Charges

The former CEO of FTX, Sam Bankman-Fried’s defense lawyer Jerone Roberts announced on Monday afternoon that “his client has accepted to voluntarily extradited to the United States”, where federal authorities have prosecuted SBF with eight charges of fraud and conspiracy.  The 180-degree door was turned open by Bahamas officials for

December 20, 2022 1 min read