FTX CEO John Ray III confirms the plans to reboot the operations of the ‘dead FTX’ exchange. On Monday, a court filing involving FTX Trading Ltd. at the United States Bankruptcy Court for the District of Delaware revealed the FTX 2.0 plans to the limelight. Significantly, the filing report clearly
On May 22nd, crypto investors celebrated Pizza Bitcoin (BTC) Day by taking bold steps and investing in the leading cryptocurrency. Among these enthusiasts, Daniel Nita from Romania made history in cryptocurrency. On Twitter, Daniel Nita proudly announced that he purchased 10,000 pizzas for just 1 BTC using Binance Pay. Breaking!
In a recent development, the regulatory authority in Malaysia has decided to shut down Huobi Global, a well-known cryptocurrency exchange. The move comes in response to the exchange’s unregistered status. And its implications have sent shockwaves throughout the crypto community, leaving Malaysian traders in a state of uncertainty. The regulatory
The Digital Currency Group (DCG) failed to repay $630M on a loan that was due to Gemini last week, as the exchange confirmed. Genesis, a division of Digital Currency Group, had received $900 million from Gemini before it went bankrupt. The crypto firm controlled by the Winklevoss twins and other
Hong Kong users of the cryptocurrency exchange BitMEX will soon have access to a new dedicated platform. With the implementation of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Statute 2022 on June 1, 2023, the company intends to apply for a Virtual Asset Service Provider (VASP) license. BitMEX’s
On Monday, the Securities Commission of Malaysia (SC) said that it has filed charges against Huobi Global Limited and its CEO, Leon Li, for illegally running a DAX. The crypto exchange was urged by the Commission to remove access to its website and mobile app in the nation. The Malaysian
Local media in Brazil reported on May 19 that Binance’s Brazilian payment processor, Latam Gateway, has been awarded a license by the country’s central bank to function as a payment institution and electronic money issuer. In a recent statement, Binance said that Brazil is one of its most promising international
Former FTX CEO Sam Bankman-Fried (SBF), co-founder Zixiao Wang, and executive Nishad Singh are being sued by FTX’s legal team. The stock-clearing platform Embed was acquired for $220 million, which is at the heart of the complaint. The attorneys claim that no proper due diligence was performed before the deal
LedgerX, one of the FTX assets that were court-approved for sale in January, has been acquired by the Miami International Securities Exchange (MIAX), operated by Miami International Holdings (MIH). U.S. government agencies oversee LedgerX since it is an exchange and clearinghouse. In a statement, MIH CEO Thomas Gallagher said that
On May 18, the Economic Development Board of the Kingdom of Bahrain announced that the Whampoa Group, a Singaporean family office, will establish a digital bank in the country. The Group plans to launch the bank before the end of the year, targeting customers all around the world. In addition
