According to reports, Republicans in the US House of Representatives propose to form a new subcommittee. This is to strengthen their control of the cryptocurrency sector. In an interview on Thursday, incoming Financial Services Chair Patrick McHenry, who has long focused on financial technology issues, asserted that he intends to
Since Coinbase has recently been laying off a large number of employees. Investors’ faith in the company’s debt has taken a beating. The debt of the cryptocurrency exchange has been downgraded by one notch. From “BBB” to “BB-,” from “investment grade” to “speculative grade,” by S&P Global, one of the
According to reports, the bankruptcy court handling FTX’s case has rejected a letter signed by four US senators seeking an impartial examiner in the case. Concerns over FTX’s interconnection to Sullivan & Cromwell LLP were mentioned by the senators in a letter they sent on January 9th. The letter defined
On Wednesday, Robinhood said it will stop accepting Bitcoin SV (BSV) and delist the cryptocurrency later this month. According to the latest Robinhood announcement, as of January 25th, the exchange will no longer support Bitcoin SV trades, purchases, or transfers. After that time, any unsold BSV in customer accounts will
The crypto market is witnessing bullish trend alarms. And the cryptos are illuminating with green signs everywhere, and the global market value has climbed to 3.87%. Bitcoin, the world’s largest and first cryptocurrency, has broken through numerous critical resistance levels, reaching its highest point since December. And since the beginning
The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a
Elon Musk, the CEO of Tesla Inc. and Twitter, has descended from the no.1 spot to become the world’s second richest person. His tragic loss of over $200 billion in a year gets recorded in the Guinness World Records as “ the largest loss of personal fortune in history.” According
Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,
Amid the continued bear market and FTX outbreak, Coinbase CEO Brian Armstrong intends to lay off another 20% of the company’s personnel in an effort to reduce operational expenditures. Coinbase had reduced its personnel by 18% in June of last year, and the new move will result in the loss
The role of “Proof of reserves” is to ascertain that a financial institution has a 1:1 ratio backing of user funds with real assets. Blockchain companies are turning to third-party firms to audit their businesses and provide attestations to their assets and liabilities. This move has significantly grown following the
