Sat, June 27

FTX Deploys a Forensic Team to Track Its Customers’ Hacked Assets

FTX, the bankrupt crypto exchange has hired financial forensic investigators to find the missing cryptocurrencies. According to a recent report from the Wall Street Journal, the new management of FTX has appointed a group of forensic investigators from the advisory company, AlixPartners to help find the billions of dollars that

December 8, 2022 1 min read

Binance Shares Bitcoin Proof of Reserves Audit Report

In an effort to reassure its customers, the biggest cryptocurrency exchange, Binance, recently made public the private information that identified its hot and cold wallet addresses. Additionally, the exchange committed to sharing the future Merkle Tree of funds. In any case, the cryptocurrency exchange has delivered as promised and released

December 7, 2022 1 min read

SEC Chair Gensler Responsible for FTX Fall Thrashes Congress Reps.

Speculative opinions surrounding the U.S Securities and Exchange Commission (SEC) have always been present for a long time. Though the main notion of the U.S SEC is to maintain security, and protection for assets, mainly digital currently, most of the investors, and crypto based firms are against it.  Throughout time,

December 7, 2022 2 mins read

Japan’s Financial Watchdog Extends FTX Japan Suspension

On Wednesday, Japan’s Financial Services Agency (FSA) said that it intends to prolong the suspension order for FTX Japan, a cryptocurrency exchange. Because of delays in resuming withdrawals and returning client monies in Japan, the company has made the decision to implement the change. In November, the FSA demanded that

December 7, 2022 1 min read

Binance CEO CZ Tweets ‘Goblin Mode’ Post Oxford Results

The term “goblin mode” was named by Oxford Dictionaries as their Word of the Year for 2016. A recent online poll by Oxford Dictionary asked English speakers to choose their Word of the Year, and “goblin mode” won by a landslide. Binance CEO, Changpeng Zhao (CZ), recently acknowledged Goblin Mode

December 6, 2022 1 min read

Celsius Network Secured Court Approval to Remunerate its Employees

The Celsius Network’s bankruptcy filing in the U.S.Court remains a controversial issue in the global cryptocurrency industry as It’s been more than 5 months since its initiation. Now the crypto lender obtained court sanctions to reward bonuses worth up to $2.8 million to their employees in an attempt to prevent

December 6, 2022 1 min read

Goldman Sachs Plans to Invest $10M in Crypto Firms

Goldman Sachs (GS), one of the world’s leading digital banking platforms, announced plans to invest $10 million to buy or invest in crypto firms whose valuations have been impacted by the demise of the crypto exchange FTX. According to Reuters, Goldman Sachs’ head of digital assets Mathew McDermott stated that

December 6, 2022 1 min read

U.S FTC Probing Crypto Firms Over False Promotions Post FTX Fall

The United States Federal Trade Commission (FTC) is investigating several cryptocurrency businesses. For what it believes to be fraudulent or misleading cryptocurrency-related advertising. A spokesperson for the Federal Trade Commission, Juliana Gruenwald, was quoted in a Bloomberg article published on December 6. She said that the agency is looking into

December 6, 2022 1 min read

Nexo Claims Gradually Walking Out of the United States

Nexo, a crypto borrowing and lending industry revealed on December 5 that it intends to shut off its services in the United States over the next few months. It also stated that it was halting its products and services in the United States due to a lack of regulatory clarity. 

December 6, 2022 2 mins read

Genesis on Death Scale as Creditors’ Loans Surpass $1.8B!

The aftermath of the fall of the FTX crypto exchange has been extremely catastrophic. No one ever imagined that the impact would be this huge. The aftermath acted like a chain of events one unfolding after the other, ultimately crumbling down the entire crypto industry to the grounds.  In such

December 5, 2022 2 mins read