OTPP Faces Lawsuit Over FTX Losses An Ontario Teachers’ Pension Plan (OTPP) member has filed a lawsuit against the board, alleging improper due diligence in its $95 million investment in FTX, now defunct. The claim, filed in Ontario Superior Court, targets two investments in FTX, the cryptocurrency exchange, citing a
Crypto exchange Hotbit recently made headlines as it announced the temporary suspension of its operations. Moreover, the decision came as a surprise to many users and raised concerns about the safety of their funds. Let’s delve into the reasons behind Hotbit’s decision, and the implications for the broader crypto market.
Coinbase has set the crypto community abuzz with anticipation after posting a mysterious countdown on its official Twitter account. Added to this, the enigmatic tweet has left users and enthusiasts speculating about the potential significance of this countdown and the implications it may have for the world of digital currencies.
While many companies licensed in Estonia are facing relocation due to stricter regulations, CryptoWallet, a crypto card provider and buy/sell platform, has become one of the first companies to renew its license. Regulations are tightening worldwide, and particularly in Estonia which once licensed 55% of all virtual asset providers. Now,
Crypto exchanges continue to diminish themselves. Reddit on fire with users raising concerns of various crypto exchanges. Harsh conditions from crypto exchanges to continue till the industry springs back. The entire Reddit forum platform is quite on fire in recent times. This is mainly due to the crypto users who
Today, Nuvei Corporation (tomorrow’s payment platform) announced its partnership with Bibox, which is the world’s first Artificial Intelligence (AI) driven digital asset trading platform. The collaboration with Bibox will provide a unified trading experience to the customer by offering easy access to cryptocurrencies via the Simplex by Nuvei on-ramp solution.
Zhao topped the list because Binance’s stock was deemed worth so much. Zhao has never specified how many Binance shares he holds. Binance is the world’s biggest cryptocurrency exchange in terms of the daily trading volume of cryptocurrencies. It debuted in 2017 and is based in the Cayman Islands. Changpeng
PeckShield, a cybersecurity firm, disclosed the theft. Neither BitMart nor PeckShield has produced a report on the breach. BitMart, a cryptocurrency exchange, was hacked, and over $200 million worth of crypto assets were stolen in a hot wallet attack. PeckShield, a cybersecurity firm, disclosed the theft and predicted a loss
Zhao is the most significant shareholder in Binance. The Binance Twitter handle replied to Musk, explaining it’s a glitch. According to Binance CEO Changpeng Zhao, the company is discussing with sovereign wealth funds about purchasing a stake in the world’s largest cryptocurrency exchange. According to Zhao, besides raising financing via
Ripple emphasized public-private partnership in future crypto-law. The DCEA would also help define “digital commodity exchanges.” While taking advantage of weaker restrictions elsewhere, Ripple has urged American officials to clarify its crypto sector policies. Now, the San Francisco-based blockchain firm has proposed its own crypto-regulations. Ripple emphasized public-private partnership in
