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Search Results for: Cryptocurrency

TheNewsCrypto Acquires the Media Partnership for the Tomorrow Conference 2023

Tomorrow Conference, the much-awaited international blockchain event, is a 3-day program that will occur from February 8 to 10, 2023. The conference will take place in Dubai, “the global hub” of cryptocurrencies, and the venue will be Festival Arena, Dubai Festival City. TheNewsCrypto, the Dubai-based online news publication, becomes the

December 10, 2022 2 mins read

Lawsuit Filed Alleging Yuga Labs of Promoting BAYC NFTs With Celebs

Celebrities like as Justin Bieber, Madonna, Steph Curry, and Paris Hilton are being accused in a class action complaint filed on Thursday of breaking the law by promoting Bored Ape Yacht Club (BAYC) NFTs without disclosing their financial links to Yuga Labs. Yesterday, a lawsuit was filed in the Central

December 10, 2022 2 mins read

Terra And FTX: What to Expect in the Upcoming Years?

The year 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This year has seen some of the biggest crashes, from the Terra LUNA crash to the most recent collapse of the FTX exchange, which was previously the third-largest cryptocurrency

December 10, 2022 2 mins read

FalconX Admits That 18% Of Its Funds Are Blocked on FTX

FalconX, a cryptocurrency trading firm, announced on Thursday that it had a portion of its assets caught on collapsed crypto exchange FTX. According to the corporation, its assets locked on FTX account for only 18% of its unencumbered cash equivalents. This ratio was within their counterparty exposure limit. FalconX insisted

December 10, 2022 2 mins read

Amber Group Reportedly Cancels $25M Chelsea FC Sponsorship Deal

Amber Group, a cryptocurrency trading business located in Singapore, is reportedly ending a $25 million sponsorship arrangement with the football team Chelsea FC as published by Bloomberg and cited by an anonymous source. To reduce its headcount to around 400, Amber Group, financed by Temasek and Sequoia Capital, is also

December 9, 2022 1 min read

Crypto.com Releases Proof of Reserves Attested by Mazars Group

It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and is the market leader in regulatory compliance, security, and privacy certifications. Mazars Group, a well-known global audit, tax, and consultancy

December 9, 2022 2 mins read

Hong Kong Incorporates Stringent Legislations For Crypto Exchanges

A new amendment to Hong Kong’s Anti-Money Laundering (AML) and terrorist financing system, which includes virtual asset service providers, was recently enacted by the legislative council. On June 1st, 2023, a new licensing system for virtual asset service providers will go into effect. As a result of recently passed legislation.

December 9, 2022 2 mins read

Three Arrows Co-founder Zhu Su Criticizes FTX’ SBF in Twitter Thread

Three Arrows Capital (3AC) crypto hedge fund co-founder Zhu Su is battling former FTX CEO Sam Bankman-Fried for allegedly manipulating the media and avoiding tough questions. Zhu Su resorted to Twitter today to elaborate on why he has been more active on social media since the FTX disaster. He says

December 9, 2022 2 mins read

SEC Unveils New Guidelines For Firms Linked With Crypto Sector

In light of the current market turmoil, the Securities and Exchange Commission (SEC) has released new rules for corporations making financial disclosures, requiring them to disclose a more comprehensive record of their connection to the crypto sector. The criteria, detailed in an illustration letter, extend beyond the balance sheet total

December 9, 2022 1 min read

Bybit Reveals Decentralized Exchange ApeX Pro Integration

Despite, FTX collapse, centralized cryptocurrency exchange Bybit announced on Thursday that it has joined the decentralized exchange ApeX Pro into its platform, to offer users both types of exchanges on one platform. ApeX Pro is a non-custodial, decentralized exchange, which offers perpetual contracts by utilizing StarkEx, StarkWare’s scalability engine. Now

December 9, 2022 1 min read