According to court records filed on May 3rd. FTX under John Ray III is trying to recover cash from insolvent platform Genesis by way of repaid loans, withdrawn liquidity, and collateral. There is more than $3.88 billion at stake for all Genesis-related organizations combined. FTX’s attorneys stated in court filings
The native token, SUI, of the Sui Network, a Layer 1 blockchain, is gaining adoption from other crypto exchanges as the network matures. WOO X, a cryptocurrency trading platform, just announced the listing of SUI – PERP Futures with zero fees. In addition, Crypto.com, a cryptocurrency exchange, has said that
The cryptocurrency exchange Coinbase has recently announced that it would no longer be granting new loans via its borrowing service Coinbase Borrow. According to a statement released by Coinbase on May 3, the service will be shut down permanently as of May 10. The crypto exchange, however, assured its clients
The popular DeFi crypto exchange Uniswap set in a significant milestone with its newly launched Uniswap Wallet. The protocol’s inventor and the famed “King of the DeFi Degens” Hayden Adams highlighted the record of the Wallet reserving its spot on the Top 75 finance applications in the United States. .@Uniswap
Another prominent exchange listing for FLOKI is officially announced. Bitfinex, crypto exchange with the fifth largest trading volume, will list FLOKI, the third-largest memecoin by market capitalization. Notably, all FLOKI deposits will be initiated from Thursday, 10 AM UTC and the trading activities are to begin on May 5, 2023,
Investment management company ARK Invest, managed by Cathie Wood, increased its holdings in Coinbase, the largest cryptocurrency exchange in the United States, on Tuesday. Amid the recent regulatory stand initiated by the exchange, the investment firm reportedly acquired an additional 147k shares of Coinbase (COIN). Cathie Wood’s Ark Investment reportedly
According to a recent statement posted to its website, the regulator has taken the unusual step of issuing a formal reprimand to OPNX, an entity launched out of the crypto trading platform Coinflex, which has links to both Davies and Zhu. “VARA became aware of OPNX soliciting, and collecting personal
Gemini is expanding outside the United States with the development of a derivatives platform that will service 30 nations and territories. The notable cryptocurrency company established by Tyler and Cameron Winklevoss revealed the intention in late April and made the announcement on Tuesday. This, adds to a rising trend of
The United States-based digital currencies exchange Coinbase has expanded internationally by opening a derivatives exchange in Bermuda. Coinbase has been experiencing a variety of regulatory issues in its native country of the United States, especially by the SEC. Thus, this change is timely. Today Coinbase launched Coinbase International Exchange @CoinbaseIntExch
Poloniex, a cryptocurrency exchange located in Boston, has agreed to pay a staggering $7.59 million. This is to resolve sanction breach accusations with the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department. A press release from OFAC claims that the exchange violated more than 66,000 different penalties.
