Genesis Global Files For Chapter 11 Bankruptcy in New York
The report comes just two days after the rumor was first made public. Genesis has $175 million of its own stranded on FTX.Genesis Global, a cryptocurrency lender, officially filed for…
Binance Announces tough Set of Rules Towards NFT Listing.
NFT creators will also be limited to minting just five digital items every day.Before listing on Binance NFT, merchants must undergo know-your-customer (KYC).Binance said on January 19 that it will…
Bitcoin ahead of Tesla in Market Cap recently.
The BTC market has been in bullish sentiment in the past week. Bitcoin (BTC), the most valuable cryptocurrency measured by market cap, is unstoppable, recently its market cap has increased.…
FTX US Discovers Another $90 Million Missing.
While mapping out assets to be repossessed by its creditors, FTX US identified about $180 million, over half of which were already gone.As the bankruptcy and restructuring saga of FTX…
OKX Releases Proof-of-Reserves Report With $7.5B “Clean Assets”
The reserves do not contain OKX’s native token.After the excessive turmoil in the crypto market triggered by the FTX liquidity and bankruptcy scandal, several crypto service providers began publishing their…
US DOJ arrested Bitzlato Co – Founder for a $700M Crypto Crime allowed in their platform.
$700 million worth of cryptos moved via Bitzlato were linked to illicit trades.Bitzlato is a not-so-famous exchange with just 1.5k Twitter followers.Hong Kong-origin crypto exchange Bitzlato is shut down by…
Genesis Crypto Lender about to File for Bankruptcy.
Crypto Lender Genesis is planning to file for bankruptcyThe DCG officially confirmed that it had quit paying dividend payments. According to reports, Genesis , a cryptocurrency lender, plans to file…
Australia National Bank Introduces a New Stablecoin.
NAB has developed an AUDN, crypto pegged with the Australian dollar.The stablecoin establishment will ease out many complex and confusing processes.Australia’s second native currency-backed stablecoin is going to be live…
SEC Lawsuit Will Be Resolved Soon ~ Ripple CEO.
The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it…
Coinbase to leave Japanese Market.
Amid a series of job cuts, Coinbase has decided to leave Japan. Crypto exchange giant Coinbase becomes the latest firm to stop operations in Japan, citing unfavorable market conditions. The…