U.S FTC Opposes Activision Blizzard Acquisition by Microsoft
The FTC claims Microsoft would gain an unfair edge in the gaming sector. If the case prevails, it will slow down Microsoft’s expansion into the metaverse. A lawsuit to prevent…
PayPal Launches Crypto Services in Luxembourg
In 2020, PayPal began offering cryptocurrency support in the United States. The firm is dedicated to collaborating closely with Luxembourg’s politicians and authorities. In what seems to be an effort…
Court instruct Celsius Network to refund $44M in Cryptocurrencies
Judge Martin Glenn’s decision, would affect a very tiny portion of the total client money. Just 15,680 consumers held around $43.87 million in “Pure Custody.” An American bankruptcy court overseeing…
DappRadar proves the Resilience in Blockchain Activity Despite FTX Fall
DappRadar, the world’s largest dapp store, has released its latest industry report, which demonstrates the blockchain industry’s fortitude in the face of recent setbacks like the FTX exchange’s closure and…
Japan’s Financial Watchdog Extends FTX Japan Suspension
In November, the FSA demanded that FTX Japan halt its activities.The bankruptcy of FTX will not impact the assets held by FTX Japan.On Wednesday, Japan’s Financial Services Agency (FSA) said…
Nigeria Restricted ATM Withdrawals to Promote CBDC Adoption
Nigeria urged citizens to use the eNaira and other channels by the central bank.Who breach the limits imposed by the government will be charged.Nigeria has significantly reduced the daily cap…
Senator Warren’s Bill Imposes New Obligations on Crypto Firms
Senator Elizabeth Warren, a crypto skeptic, is working on a crypto bill. The bill’s aims include taxation, regulation, national security, and climate. According to the CEO of Intercontinental Exchange Inc…
U.S FTC Probing Crypto Firms Over False Promotions Post FTX Fall
The FTC was established as a separate United States government body. The agency also educates on how to avoid unfair or deceptive business practices.The United States Federal Trade Commission (FTC)…
Alameda Research Injected Capital of $1.15B in Genesis Digital Assets
Released documents shows that in less than nine months, $1.15B was injected. Genesis Digital is a leading Bitcoin mining business in the United States. Bankrupt FTX subsidiary business Alameda Research…
Bybit Exchange To Sack 30% of its Staffs Amid Sluggish Conditions
Bybit co-founder and CEO Ben Zhou recently unveiled a restructuring plan.Zhou stated his intention to facilitate a painless separation from the company.Crypto exchange Bybit has announced yet another round of…