SkyBridge Capital founder Anthony Scaramucci has said that his firm may repurchase the majority share it sold to the defunct cryptocurrency exchange FTX in the coming months. He also made claims of fraud on the part of the platform and its previous CEO, Sam Bankman-Fried (SBF). Scaramucci recently expressed optimism
For many traditional banks, bridging the divide between digital and fiat currencies is a top concern as the crypto industry continues to enter the mainstream. Huobi, a cryptocurrency exchange, has announced that it would create a cryptocurrency-to-fiat debit card in collaboration with Solaris, a European financial services company. Because Visa
Binance, a cryptocurrency exchange, has announced today that it would facilitate the upgrade to Terra Classic (LUNC), a project that sprung from the defunct Terra ecosystem. The update is scheduled to take place this Saturday. The update will take place at epoch 15,029, or around 04:50 UTC on Saturday, after
The bankruptcy court supervising FTX’s case has allowed the troubled cryptocurrency exchange permission to liquidate some of its assets in an attempt to repay its creditors. According to paperwork submitted to the Delaware Bankruptcy Court. Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. LedgerX, Embed,
Adding to a terrible week of carnage throughout the shattered cryptocurrency sector, cryptocurrency brokerage Blockchain.com said it is laying off 28% of its staff, or around 110 people. About 150 employees lost their jobs in July as Blockchain.com dealt with a $270 million blow on loans it made to failing
Wyre, a cryptocurrency payment platform, has secured additional funding, allowing it to remove the 90% withdrawal cap it imposed earlier this week. The San Francisco fintech company stated on January 13 that it had acquired funding from a “strategic partner,” allowing it to resume business as usual, including taking deposits
Poor market circumstances and recent industry developments, according to Crypto.com co-founder and CEO Kris Marszalek, have prompted a fresh round of layoffs that will lower the company’s worldwide workforce by another 20%. In a corporate update on January 13, Marszalek remarked: “Today we made the difficult decision to reduce our
Genesis Capital and Gemini cryptocurrency exchange has been charged with violations of Sections 5(a) and 5(c) of the Securities Act of 1933, by the U.S. Securities and Exchange Commission (SEC). The charge was made for selling unregistered securities via Gemini Earn crypto asset lending program. Both crypto firms are also
Reportedly, the Securities and Exchange Commission (SEC) of Thailand has begun looking into the troubled cryptocurrency exchange Zipmex. The latter’s compliance with local regulations on the sale of digital asset services and goods will be scrutinized by the regulator. Bloomberg reports that Thailand’s top financial regulator is to investigate insolvent
Since Coinbase has recently been laying off a large number of employees. Investors’ faith in the company’s debt has taken a beating. The debt of the cryptocurrency exchange has been downgraded by one notch. From “BBB” to “BB-,” from “investment grade” to “speculative grade,” by S&P Global, one of the
