The Central Bank of Singapore has previously advocated prohibiting crypto companies from lending their retail clients’ digital tokens. One of the most influential cryptocurrency advocacy groups in Singapore, the Blockchain Association, has spoken out against this idea, calling it “overly restrictive.” To them, the idea to outlaw all crypto companies
Net withdrawals from Huobi Global were $60.9 million in under 24 hours. An increase in withdrawals was seen when rumors on social media circulated that Huobi was firing off personnel. Today, Justin Sun said that 20% of Huobi’s workforce will be terminated. Large amounts of USDT, USDC, and ETH are
The founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital “3AC”, Zhu Su and Kyle Davies, reportedly received a unique court subpoena via their “Twitter account”. On January 5th, 2023, a tweet thread about the subpoena was posted on the official Twitter account ‘3ACLiquidation’, for the court-appointed joint Liquidators
Digital Currency Group (DCG), Genesis Global’s parent business, has chosen to shut down its wealth section hours after word of the layoffs spread. Genesis has been experiencing significant liquidity difficulty since the FTX crash, and this is the latest hint of concern. A spokesman for Digital Currency Group (DCG) stated
A representative for Genesis Global Trading has confirmed that layoffs occurred on Thursday. Genesis Interim CEO Derar Islim made a public statement before the layoffs were announced. Islim recently said that the company needs more time to find an appropriate solution to the current problems. According to the source with
Animoca Brands has scaled down its initial goal of $2 billion and will instead raise $1 billion for its metaverse investment fund in the first quarter of this year. Chairman Yat Siu of Animoca Brands told Bloomberg in a Twitter Spaces conversation: “We had initially looked at a target of
Financial services company Cowen’s analysts lowered their rating on cryptocurrency exchange Coinbase on Thursday. Following FTX’s demise and the general fall in trading volumes in the cryptocurrency market. Crypto firms are under closer scrutiny than ever. The price of COIN dropped by 8.89% at the time of writing, and it
DUBLIN–(BUSINESS WIRE)–The “Latin America NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to ResearchAndMarkets.com’s offering. NFT industry in Latin America is expected to grow by 48.4% on an annual basis to
The world’s largest cryptocurrency exchange Binance U.S has received a “limited objection” from the U.S. Securities and Exchange Commission (SEC) for the planned $1 billion acquisition of bankrupt crypto lender Voyager Digital. SEC disclosed the statement by declining the acquisition proposal due to a lack of “adequate information”. According to
Despite the prominent cryptocurrencies trading in the red, a new doge-themed Bonk ($BONK) token has significantly surged by over 1622% since the trading began on December 29, 2022. At the time of writing, the robust price performance boosted the new memecoin to attain an all-time high of $0.00000154. In the
