Organizations are continuing to dissociate themselves from the defunct FTX crypto exchange. The Sequoia Capital team made the decision to fully write down the value of its FTX assets exactly one week ago. FTX’s “liquidity crunch” and “solvency risk,” as stated by Sequoia in a letter to investors, prompted the
Binance, the largest cryptocurrency exchange is being investigated by the US authorities. According to a senior House Republican, the United States Congress has decided to probe Binance, claiming its involvement in the demise of the FTX exchange. In accordance with this, Patrick McHenry, a U.S representative stated: This is serious.
In a FIFA World Cup™ full of firsts, Crypto.com, an Official Sponsor of the FIFA World Cup Qatar 2022™, has teamed up with the football media outlet COPA90 to undertake yet another world first: the challenge to have one person attend each and every FIFA World Cup™ game in Qatar, which has
Cutting out the middleman of centralized exchanges, Proton DEX provides DeFi users with enhanced digital asset trading capabilities in a non-custodial environment SAN FRANCISCO–(BUSINESS WIRE)–Metallicus, a leader in digital asset and blockchain technologies, today announced the launch of its Proton decentralized exchange (DEX), a peer-to-peer marketplace that connects cryptocurrency buyers
A lawsuit was filed against cryptocurrency miner Core Scientific on Monday. Alleging that the company misled investors. By concealing a succession of negative financial situations in its presentations to investors this year. Mei Pang, the plaintiff, and a shareholder claims the business intentionally misled investors. This is between March 3
On Wednesday, interim CEO Derar Islim said that Genesis Global Trading’s lending division has temporarily halted withdrawals and new loan originations in the aftermath of FTX’s bankruptcy. Genesis Global Capital, the division in charge of servicing institutional clients, has $2.8 billion in outstanding loans as of the end of the
The Abu Dhabi Global Market (ADGM) is the next stop for Binance’s cryptocurrency custody services. In Abu Dhabi, the Financial Services Regulatory Authority (FSRA) has approved the world’s largest cryptocurrency exchange granting financial service permission (FSP). In accordance with the terms of the license, Binance will be able to provide
After the cryptocurrency exchange Coinbase was granted approval after submitting an amicus brief in favor of the defendants, the price of Ripple’s native token, XRP, spiked. More amicus briefs have now been filed in support of the Summary Judgment motion. Because of this, whales have been increasing their holdings of
MarketVector IndexesTM and DemaTrading.ai to help investors buy and hold digital assets in leading managed portfolios FRANKFURT, Germany–(BUSINESS WIRE)–MarketVector IndexesTM (“MarketVector”) announces an integrative partnership with Amsterdam-based DemaTrading.ai, an AI-driven platform with a mission to make crypto accessible for everyone via automated crypto portfolios. MarketVector is a pioneer in the
Lynx has created the SWEAT Note, an industry-first, transparent agreement enabling service providers to provide services in exchange for equity SWEAT Notes align the interests of startups, service providers and investors by incentivizing stakeholders to focus on the long-term value of an early-stage company as it strives toward exit Advisory
