Tether to Transfer $1B USDT From Solana to Ethereum Network
From its all-time high of $256, it has dropped 95 percent to its current price of $12.96. Solana has taken a significant hit post the FTX fall. To move USDT…
South Korea Confiscates Over $100 Million from Terra’s Co-founder
The seizure is intended to prevent the Terra executive from disposing of the assets before his trial this week.South Korean prosecutors have seized more than $100 million worth of assets…
Genesis’ Lending Arm Halted Withdrawals After Failing To Raise $1B
Genesis said the 3AC debt “negatively impacted” the liquidity of its lending arm. The firm said it will have to halt withdrawals from its lending arm on Wednesday.According to a…
Crypto Exchange Gemini Back Online After Hit by Outage
Gemini guaranteed its customers that their money is secure. Gemini advised clients earlier today that there may be delays for withdrawals on its Earn product.Gemini, a cryptocurrency exchange, said on…
Crypto Lender Vauld Eyeing Merger Post $10M Exposure to FTX
Vauld relied heavily on FTX to process transactions for its users.It said that if the transaction falls through, they would investigate alternative options.According to recent reports, Vauld, a major crypto…
Bahamas Authorities ordered Sam Bankman-Fried to Hack FTX
On November 11, FTX filed for bankruptcy and Bankman-Fried resigned as CEO. The co-founders and top executives of FTX, had borrowed $1.6 billion from Alameda.According to court documents filed on…
Binance CZ shine in Abu Dhabi Finance Week!
CZ participated in the Abu Dhabi Finance Week. CZ signed about 8 investment deals in the day.Secures Financial Services Permission from Abu Dhabi’s FSRA. The Abu Dhabi Finance Week has…
El Salvador to buy One BTC Everyday – Entire Crypto Space Got surprised!
Despite the crypto crash, El Salvador plans to buy one Bitcoin a day. Bukele is eager to purchase BTC, although the FTX empire is crunched. Thus, through this, El Salvador…
Tether Said To Have Agreed To Have Zero Exposure To Genesis Global
Tether confirms that it has no exposure to Genesis amid the withdrawal halt. Tether announced on November 16 that they are striving hard to increase transparency. In reaction to the…
Golden State Warriors suspended FTX Relationship
The FTX fiasco prompted Golden State Warriors to pause all promotions related to the troubled entity.One of the most successful NBA teams – Golden State Warriors – reportedly paused all…