In order to sell his majority ownership in the cryptocurrency exchange for a price between $2 billion and $3 billion, Huobi Group co-founder Leon Li is in discussions with a group of investors, according to a Bloomberg report. Sam Bankman-Fried, founder of FTX, and Justin Sun, founder of Tron, are
Crypto ATMs are returning to Japan after a four-year absence. Initial installations will be made in Tokyo and Osaka. Two of Japan’s most famous crypto advocacy organizations have pushed for lower taxation on individual crypto investors. Requests for tax reform have been made by Japan’s crypto-asset business associations JCBA and
Digital items may also be minted on the Flow blockchain as per the announcement. MetaMask, Trust Wallet, and Rainbow are among the third-party wallets supported. It was stated by Meta in May that they will be launching a digital collectibles feature. For a while, the feature was restricted to a
FTX has received approval to enter Dubai’s MVP for VARA. Earlier this year, FTX started a transfer procedure for its operational MVP license. The region’s cryptocurrency regulator, the Virtual Asset Regulatory Authority, has approved FTX Exchange FZE (FTX) to participate in Dubai’s “Minimum Viable Product” (MVP) program for Virtual Assets
Loans to the troubled hedge firm Three Arrows Capital would be immune from this. Customers who don’t want to use FTX may nonetheless file bankruptcy claims. Alameda Research and its affiliate FTX have offered to purchase Voyager Digital, but Voyager Digital has rejected the deal, calling it a “low-ball bid.”
$34 million is apparently owing to Vauld’s biggest individual retail creditor. Based on court records and an affidavit, Vauld possesses $287.7 million. Singapore-based Vauld, a cryptocurrency lending, and trading company owe its debtors $402 million, according to The Block. Vauld CEO Darshan Bathija submitted a statement to Singapore’s High Court
Customers of FTX may now trade equities in stablecoin-funded accounts. CZ said he’d rather see Binance concentrate on developing more Web3 products. Binance isn’t interested in allowing its customers to trade equities, no matter how many new ones they could bring in. It’s neither right nor wrong for cryptocurrency exchanges
Currently, Alameda Research owes Voyager $377 million. Voyager issued a default notice recently because 3AC could no longer pay. A borrower bailing out its lender for hundreds of millions of dollars is rare. According to a Chapter 11 bankruptcy petition by crypto broker Voyager Digital, Sam Bankman- Fried’s Alameda Research,
CoinShares is the first platform licenced with AIFM On July 4 nearly $200 million was pulled from the Vauld platform CoinShares, the European largest digital asset investment platform July 4, Monday, announced that they have acquired Napoleon assets management with approval from Autorité des Marchés Financiers (AMF), and it is
FTX US has inked a term sheet that allows for a takeover of the ailing crypto lender. BlockFi would take care of its customers before it had to make good on its debt to FTX. FTX US, the U.S. section of the crypto exchange run by billionaire Sam Bankman-Fried, has
