Mon, July 7

FTX U.S and Founder SBF Being Investigated by Texas Officials

In a transaction finalized last month, FTX US acquired Voyager Digital’s assets. FTX US is not licensed by the Texas Department of Banking as per the complaint. According to a court filing, Texas officials are now looking into FTX CEO Sam Bankman-Fried in the Voyager case. Moreover, according to Texas

October 18, 2022 2 mins read

US Regulators Boost Their Scrutiny of the Crypto Industry

CFTC and SEC are looking into various potential legal infractions. US regulators are also looking closely at Celsius. According to Bloomberg News on Monday the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC)  are investigating whether crypto hedge fund Three Arrows Capital (3AC), which declared bankruptcy

October 18, 2022 2 mins read

Gate.io Partners with Cabital to Ease the Purchase of Crypto with Fiat Currencies 

Gate.io, one of the world’s Top 10 largest exchanges by volume, announced its partnership with Cabital and integration with Cabital Connect, a global on-and-off ramp solution for Web3. Fiat on-and-off ramps make it easier for  Gate.io’s customers to purchase cryptocurrencies with fiat currencies using Cabital Connect, a comprehensive fiat on-ramp

October 17, 2022 3 mins read

Proposal To Deploy Uniswap on zkSync Passes With 100% Votes

zkSync provides a scalable solution that allows for quicker transactions at reduced prices. The proposal passed with almost 100% of the vote in favor. Following the conclusion of a governance vote, the Uniswap decentralized exchange (DEX) will be integrated into the zkSync layer 2 privacy tool. Users of Uniswap, a

October 16, 2022 2 mins read

FTX CEO Won’t Spend $1B on Political Races as Claimed Earlier

Sam Bankman-Fried, CEO of FTX and a crypto billionaire, made the audacious assertion in May that he will spend $1 billion or more on political contributions before the 2024 US presidential election. According to information from OpenSecrets, if Bankman-Fried had spent that much on politics in the most recent election.

October 15, 2022 1 min read

Coinbase CEO Brian Armstrong To Sell 2% Stake Next Year

As of the 2022 proxy statement, he had a 16.1% investment in Coinbase. Shares of Coinbase (COIN) dropped by more than 8% on Friday. Brian Armstrong, CEO of Coinbase, said on Saturday that he would sell his 2% ownership in the company over the next year to fund research and

October 15, 2022 1 min read

Binance Pool Launches $500M Lending Initiative For Miners

Interest rates on these loans will be between 5% and 10%. In a blog post, the exchange announced its plans to provide cloud mining services. Binance, a prominent cryptocurrency exchange, has been charging forward with several different projects despite the weak market. The Bitcoin (BTC) mining business has once again

October 14, 2022 1 min read

U.S Authorities Charge Bittrex With Violation of Sanctions

According to OFAC head Andrea Gacki, national security is put at risk. Bitmex, a crypto derivatives exchange, was fined $100 million by FinCEN last year. Bittrex, a cryptocurrency exchange situated in Washington State, was hit with charges from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control

October 13, 2022 1 min read

Binance Adds TerraClassicUSD (USTC) as Borrowable Asset

Binance has not abandoned its support for the Terra Classic currencies. Over the past week, the price of USTC has increased by over 65%. Binance, the biggest cryptocurrency exchange in the world, has added TerraClassicUSD (USTC) as a borrowable asset to its Binance Loan service. Demonstrating its continued commitment to

October 13, 2022 2 mins read

Uniswap Labs Valuation Stands at $1.66B After $165M Funding

The firm is now focusing on growing its Web3, DeFi, and NFT market offerings. Uniswap Labs is now a $1.66 billion unicorn. The corporation behind the decentralized cryptocurrency exchange Uniswap, Uniswap Labs, has declared a $1.66 billion valuation after obtaining $165 million in a Series B fundraising round. Polychain Capital

October 13, 2022 2 mins read
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