Following the regulator’s probe into Kraken, the crypto exchange had agreed to settle charges with U.S. Securities and Exchange Commission (SEC) and shut down its on-chain cryptocurrency staking service. The U.S SEC announced on Thursday that, the two Kraken entities ‘Payward Ventures and Payward Trading’ accept to pay $30 million
Turkey, the transcontinental western Asia peninsula country was hit by terrific earthquakes on Feb 6th. The country is scattered and the world is showing its support to the victims in various forms. The leading crypto firms and exchanges have also pledged to back Turkey in all possible ways. The first
Following Federal Prosecutors asked U.S. district judge Lewis Kaplan to modify the terms of the Sam Bankman-Fried bond agreement. SBF’s lawyer pleaded U.S. judge not to restrict the cryptocurrency exchange FTX executive’s ability to contact former colleagues as a condition of his release on bail. According to a 27th January
Coinbase faces the limelight after a few dark times in the ecosystem, the exchange has partnered with Borussia Dortmund (BVB). The premium partnership for German Soccer Club which extends until June 2023 alleviates the community from recent downfalls. The American Crypto exchange strengthens its network with a triumphant soccer team
The cryptocurrency exchange FTX collapse called the commissioner of the Commodity Futures Trading Commission (CFTC) to stop allowing crypto exchanges to “self-certify” and list tokens in an unregulated way. CFTC commissioner Christy Goldsmith Romero stated that; I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,
United States District Court of the Southern District of New York judge requested the identities of the two people who guaranteed the $250 million bail bond for former FTX CEO Sam Bankman-Fried ‘SBF.’ According to U.S. attorney Lewis Kaplan’s Jan 12 letter, prominent media organizations such as Bloomberg, the Financial
CoinSwitch, a cryptocurrency trading platform, has released its proof of reserves, revealing that the total value of user assets held as of January 6, 2023, is approximately $131.096 million, or 1,083.45 crores. Amounts held in the wallets indicated total about $112.99 million, or 933.83 crores. Reveals $131.09 Million in Assets
The demise of the FTX crypto exchange created a great impact on the whole crypto space. Still the market is bearish with downfall in prices of all crypto assets and in all crypto related businesses. In that case, after the collapse FTX filed a bankruptcy in the court to solve
The FTX crypto exchange became obsolete after its sister company Alameda Research had its felonious hands over the FTX Users’ funds. FTX along with its 130 more affiliated companies commenced their voluntary chapter 11 under the U.S. Bankruptcy code. According to the U.S. District Court, the debtors (FTX) paid $12
The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors
