The bankruptcy watchdog at the US Department of Justice (DOJ) demanded a separate investigation. Into the FTX Group’s demise on Thursday. Allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement” were made against the cryptocurrency exchange. Prompting the need for an independent investigation. The US Trustee, a branch of the Department
Former FTX US president Brett Harrison is now trying to raise money for a new cryptocurrency firm. The report states that he is attempting to raise $6 million while valuing the firm at $60 million. The company’s stated goal is to develop cryptocurrency trading software for institutional investors. This comes
Coinbase Wallet said on Thursday that it would no longer allow NFT transfers for iOS customers because of the 30% gas tax that Apple adds to each transaction. In response to Apple’s drastic cutbacks, MetaMask wallet co-founder Dan Finlay said that he is ready to join Coinbase in abandoning the
The Japanese unit of the insolvent crypto-empire FTX announced that it is striving to allow users to withdraw their funds. FTX Japan opens the door in the mid of the extremely unprecedented circumstance in which investors withdraw funds back from the bankrupt exchange. Sam Bankman Fried’s FTX Japan momentarily halted
Recently, Alibaba Cloud has announced a number of partnerships with prominent networks and institutions; however, with its partnership with Avalanche, it has entered the crypto space, which will undoubtedly hasten the tech giant’s backing for Web3. On Friday, Avalanche announced that Alibaba Cloud will be joining their public blockchain as
The Seoul Southern District Court has rejected the prosecutors’ arrest warrant of Terraform Labs associates. According to Yonhap News Agency, the court has dismissed the arrest order of several Terra officials, including Daniel Shin, co-founder of Terraform Labs with Do Kwon. In a text message, the South Korean Court stated
Su Zhu and Kyle Davies, founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), have made a comeback on Twitter and in media appearances, and they have a lot to say about the demise of Sam Bankman- Fried’s FTX. However, neither they nor their legal team in Singapore
The company behind the USDT stablecoin, Tether, has reportedly been lending its coins to consumers rather than selling them for cash, according to a new report. Tether has been criticized for its lack of openness in not publishing the exact amount of USDT reserves it has, and the report claims
This past Friday, insolvent cryptocurrency lender Celsius Network reported that Galaxy Digital (GLXY), founded by Mike Novogratz, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps. Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for
Similar to Binance, INX has submitted a non-binding letter of intent to purchase troubled assets from defunct asset management Voyager Digital. INX CEO Shy Datika stated in a press release: “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers
