FTX Loan Washed Out $800M in BlockFi Executives Equity.
As per court filings, the FTX loan has swept away $800M in BlockFi executive equity.The filing details the effects of a June FTX loan on 13 BlockFi executives.BlockFi, a cryptocurrency…
Bankruptcy proceedings: 3AC creditors frustrated.
The bankruptcy case involving the collapsed crypto hedge fund, Three Arrows Capital (3AC) continues to unfold; co-founder Kyle Davis claims that the company’s creditors are ‘frustrated’ with how the process…
Brian Armstrong from Coinbase’s said FTX is a fraud syndicate.
Coinbase CEO Brian Armstrong thinks the collapse of Sam Bankman-Fried’s FTX exchange is simply a case of fraud and customer funds misappropriation. Armstrong says FTX is a fraud In an…
Binance US Receives Initial Approval to Acquire Voyager Digital’s Assets.
Voyager and Binance’s deal had previously received opposition from CFIUS as well as SEC. Binance US’ plan to acquire some of Voyager Digital’s assets for $1.02 billion is one step…
Bitcoin Trades Above $18K as the Market Turns Green.
Bitcoin’s advance above the $16k resistance level has now reached the $18k level.Bitcoin is trading above $18k and above the 100 hourly simple moving average.The crypto market is witnessing bullish…
Ava Labs Collaborates With Amazon Web Services.
Transformation of web2 companies into web3 technology is becoming inevitable.Ava Labs is also going to include Subnet deployment in the Amazon marketplace.Amazon Web Services (AWS) partners with Avalanche blockchain backed…
South Korean Tax Authorities Reportedly Launches Inquiry Against Bithumb
Reports have suggested that Jong-hyeon is Bithumb’s biggest shareholder.In 2018, government agents probed Bithumb’s tax practices in a similar manner.It has been reported that the South Korean National Tax Service…
Binance aim to employ 30% more employees in 2023
Binance CEO Changpeng Zhao, while speaking at a conference in St. Moritz, Switzerland, expressed optimism on the possibility of seeing the exchange attain 30% hiring growth in 2023 after its…
Ark Invest Yet Again Buys Coinbase Shares Worth $1.45M
In two of its funds (ARKW and ARKF), Ark purchased 172,276 Coinbase shares on Jan 5. Ark Invest, had bought an additional 33,756 shares of Coinbase on Tuesday.An email sent…
Crypto Exchange Binance Receives Regulatory License in Sweden
This is the seventh EU country where the platform has been granted such a license.Binance’s Swedish subsidiary Binance Nordics AB has received the registration.Binance, the biggest cryptocurrency exchange in the…