Binance US’ plan to acquire some of Voyager Digital’s assets for $1.02 billion is one step closer as the bankrupt crypto lender received initial court approval for its proposal. The United States District Judge Michael Wiles of the bankruptcy court for the Southern District of New York on January 10th approved Voyager to work out...Read More
Dutch crypto exchange Bitvavo claimed to have received an offer from Digital Currency Group (DCG) on January 9th to repay 70% of its debt within an acceptable period. However, the company refused the offer citing that the crypto conglomerate has sufficient funds available for full repayment. The development comes days after the trading platform revealed...Read More
Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published by CoinGabbar, a third-party platform that tracks crypto assets, WazirX also made its wallet addresses, and list of exchanges available to the public. At press time, the Indian company had over $283 million of total...Read More
Layer-1 blockchain Venom Foundation has joined forces with investment manager Iceberg Capital, with the pair announcing a $1 billion venture fund to support promising web3 companies solving real-world problems. Named Venom Ventures Fund (VVF), the blockchain-agnostic fund will be largely focused on startups involved in payments, asset management, DeFi, banking services, and blockchain gaming. Developers...Read More
The NFL legend Tom Brady and his ex-wife Gisele Bundchen collectively own nearly 1.8 million FTX shares. Their investment will most likely be entirely wiped out due to the exchange’s demise in November. Other prominent people and companies who invested in the former crypto giant include the likes of Kevin O’Leary, Robert Kraft, Thoma Bravo,...Read More
[PRESS RELEASE – Please Read Disclaimer] Users with total assets over 100,000 USDT may apply for a separate custodial wallet Victoria, Seychelles 11 Jan 2023 – Leading crypto exchange Bitget launches the Fund Custody service for professional investors and institutions. The service will provide dedicated wallets to qualified accounts to maximize protection of customers’ funds...Read More
In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets. Per a CoinDesk report, the attorney said that they’ve managed to locate over $5 billion of cash and liquid assets. We have located over $5 billion of cash, liquid cryptocurrency, and liquid investment securities measured...Read More
The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country. This is the seventh EU nation where the platform has received such a license, with the previous six being Italy, France, Spain, Poland, Cyprus, and Lithuania....Read More
At times when crypto-focused companies are slashing headcounts and decreasing operating expenses, Binance plans to expand its members by up to 30%. That’s according to the exchange CEO – Changpeng Zhao – who was speaking at a crypto-focused conference in St. Moritz. CZ said that he hopes for Binance to expand its team by between...Read More
It’s been more than half a year since the first major player in the crypto space went under, with the decidedly unstable “stablecoin” UST losing its peg and taking its creator, Terraform Labs, down with it. The founder of TFL, Do Kwon, has been on the run ever since and is reportedly in hiding in...Read More
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space. The post appeared first on CoinpediaRead More
[PRESS RELEASE – Tel Aviv, Israel, 10th January 2023] Building Blocks 23, a web3 builder-focused event, will be hosted in central Tel Aviv on February 7, 2023. Hosted by top Israeli companies as part of ETH TLV, the one-day Building Blocks event will bring together Ethereum developers and communities. A series of workshops, panel discussions,...Read More
On Jan. 10, DCG CEO Barry Silbert reflected on the state of the crypto industry and the increasing waves of speculation about his firm in the wake of the FTX fallout and contagion. Silbert acknowledged that 2022 was a tough year and DCG and its subsidiaries were not immune to the effects of the present...Read More
The National Tax Service (NTS) of South Korea has reportedly hit Bithumb Korea and Bithumb Holdings with a “special tax investigation” to determine whether the cryptocurrency platform has complied with domestic taxation laws. The officials have also probed Kang Jong-hyeon (rumored to be the actual owner of the exchange) and his sister – Kang Ji-yeon. ...Read More
Seychelles-headquartered crypto exchange – Huobi Global – has been in trouble for quite some time now, which has translated into losing significant market share. The company has been mired in controversy for allegedly shutting down internal com and feedback channels and canceling various employee benefits, among other things. Its market share is also under threat...Read More
Group One – a proprietary trading firm – has purchased options to buy 1.3 million shares of MicroStrategy (MSTR) worth $240 million, per a recent Securities and Exchange Commission (SEC) filing. As reported by Bloomberg on Tuesday, the purchase would account for a 13.5% stake in MicroStrategy, whose executive chairman is the Bitcoin booster, Michael...Read More
