The Best Source Of Crypto News
The Best Source Of Crypto News
An exploiter’s July attack on decentralized finance giant Curve Finance roiled the entire DeFi market. Much of the stolen money has been returned, but not everyone has been made whole. One titan of crypto, though – Coinbase, the largest U.S. exchange – is sitting on a roughly $1 million profit tied to the incident, according […]
The United States may soon have a Bitcoin-only trust company, according to plans disclosed by BitGo and Swan Bitcoin on Sep. 15. The joint venture is pending regulatory approval, the companies said in a statement. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of […]
The Japanese government reportedly plans to permit startups to raise public funds through the issuance of crypto assets, such as currencies, instead of stocks, local media has reported. According to Japanese financial news site The Nikkei, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So […]
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 USDT after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC), with its staff also reportedly going missing from its Token 2049 booth in Singapore. On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for allegedly promoting […]
Prosecutors are exaggerating the amount of access FTX founder Sam Bankman-Fried really has to defense material, his attorneys said in a memo late Friday. Bankman-Fried continues to lack decent internet access when produced to a cell block at the Southern District of New York courthouse, and has not had anywhere near the amount of air-gapped […]
Glass, a venture-backed crypto startup that sought to monetize NFT videos, is falling prey to the bear market; its founders are walking away. Co-founders Sam Sends and Varun Iyer posted on X (formerly Twitter) Friday that they will “end active development” of Glass Protocol after determining the demand for digital, tradeable video NFTs was too […]
CoinDCX, one of India’s most prominent cryptocurrency exchanges, is cutting about 12% of its staff as the prolonged bear market hits revenue, it announced on Tuesday. The exchange is laying off 71 employees whose roles do not fit into current business priorities, a company spokesperson told CoinDesk. The company has about 590 employees. Several teams […]
Thailand’s Ministry of Digital Economy and Society (DES) has told Meta’s (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site, or risk being expelled from the country. These fraudulent ads have affected more than 200,000 people, according to a statement published on the Ministry’s website. Chaiwut Thanakmanusorn, the […]
The Financial Supervisory Authority (FSA) of Denmark has demanded that the Investment Bank Saxo dispose of its cryptocurrency holdings. Meanwhile, the FSA statement cited Section 24 of Denmark’s Financial Business Act, which states that Saxo Bank’s crypto activity “lies outside of the legal business area of financial institutions.” As per the statement, the Danish FSA […]
Crypto custody firm Prime Trust has “a shortfall in customer funds” and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The Department’s Financial Institutions Division (FID), which oversees state-regulated trust companies, ordered Prime Trust to cease all activities which violate Nevada regulations, alleging that the […]
