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Search Results for: FTX collapse

TikTok Is Becoming a Hub for Crypto Fake News?

Most youngsters consume cryptocurrency’s latest update from TikTok. Credibility and authenticity of the video information are placed under the question mark. TikTok is the most popular video-streaming social platform for teens and young adults. Also, a fill-in encyclopedia among its audience is the crisp and short information videos.  We can

April 22, 2023 1 min read

Voyager Gets Government Approval Over Assets Sale to Binance.US

The planned purchase of defunct US crypto lender Voyager Digital especially by Binance.US has been blocked by authorities on many occasions during the last few months. Recently, however, Voyager reported that the Unsecured Creditors Committee (UCC) had struck an agreement with the U.S. government allowing the purchase plan to go

April 20, 2023 2 mins read

SEC’s Gensler Blames Crypto for Silicon Valley Bank’s Failure

The chairman of the Securities and Exchange Commission (SEC), Gary Gensler, was questioned by House Republicans on the SEC’s stance on digital assets at a recent hearing. Legislators raised issues with the SEC’s approach to FTX and the lack of clarity around whether ether is a security. Gensler, while describing

April 19, 2023 2 mins read

Ether Stumps Gary Gensler: US Representative Leaves SEC Chair Speechless

The cryptocurrency ecosystem has been going through its fair share of turmoil in the US. With the CFTC and SEC ramping up their scrutiny of the cryptocurrency industry, SEC chair Gary Gensler has been receiving quite the backlash for demotivating the cryptocurrency realm. In one of the recent testimonies by

April 18, 2023 1 min read

Unchained Announces $60 Million Series B Funding to Expand Bitcoin Financial Services

The Series B fundraise led by Valor Equity Partners highlights the importance of bitcoin private key ownership in a world of custodial risk. AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, has announced its $60 million Series B funding round led by Valor Equity Partners. The initial

April 18, 2023 3 mins read

USB: Stabolut’s New Decentralized Stablecoin Powered by Bitcoin

USB is a decentralized, Bitcoin backed stablecoin that’s dollar pegged using a new approach to retain its peg by shorting Bitcoin through a perpetual swap. Stabolut, a startup working on a global payment system, announced the launch of its decentralized stablecoin USB today though its been in development since May

April 17, 2023 2 mins read

Skybridge CEO Anthony Scaramucci Backs Bitcoins as Commodity

Skybridge CEO Anthony Scaramucci said he is still enthusiastic about Bitcoin despite the criticism he has received for his involvement in the crypto markets. There are significant headwinds that he has to overcome. By the time Sam Bankman-Fried’s cryptocurrency exchange FTX declared bankruptcy in November, he was already connected with

April 16, 2023 1 min read

Crypto Firm Amber Moving Out of Japan, Seeks License in Hong Kong

As part of its strategy to shift its emphasis from retail to institutional clients, Bloomberg reports that Singapore’s Amber Group is contemplating selling its Japanese operation.  Annabelle Huang, the managing partner at Amber, said the company is exploring alternatives, including a sale, for its Japan division. A “very high quality

April 16, 2023 1 min read

Chia (XCH) Token Records Over 17% Price Surge in 24-Hours

Since the beginning of the year, the cryptocurrency market has been on an upward trend. While the prices of digital currencies recorded a slow-decline after the collapse of the FTX cryptocurrency exchange platform.  Chia (XCH) cryptocurrency has not been left behind by this bullish trend. Recently, Chia has been gaining

April 15, 2023 2 mins read