Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has been granted major regulatory approval in the United Kingdom. The company has been given the green light by the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist […]
Two co-founders of the defunct Singaporean hedge fund Three Arrows Capital (3AC) have been arrested and sentenced to four months in prison for failing to comply with a court order. 3AC, which managed more than $10 billion in digital assets prior to its collapse last June, has left creditors with over $3.5 billion in claims. […]
Elon Musk, the billionaire entrepreneur, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena for his testimony related to his acquisition of Twitter/X shares. The SEC has accused Musk of not appearing for a testimony scheduled for September 15, which had been served to him […]
Sam Bankman-Fried, the founder of Alameda Research, a trading desk, and Gary Wang, one of the co-founders of the cryptocurrency platform FTX, have been embroiled in a legal battle. Wang has accused Bankman-Fried of wire fraud, alleging that Alameda Research had access to privileged information and resources on FTX, including the ability to withdraw funds […]
Gary Wang, former CTO of FTX, testified in court on the third day of SBF’s trial. He pleaded guilty and admitted to committing crimes at FTX with Nishad Singh, Caroline Ellison and Sam Bankman-Fried. Wang revealed that FTX made money through trading fees and that the sister platform Alameda Research was created to make it […]
Burnt, a Web3 foundry, has announced the public launch of its testnet for XION, the first layer-1 blockchain built for consumer adoption. The Company has also received a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm and issuer of USDC. XION is designed to revamp the […]
Yedidia was called to testify about a bug in FTX’s accounting software that caused it to overstate the amount of money Alameda Research owed exchange customers by $8 billion. This was a big problem, as customers had wired their money to the trading firm and then got credited in their FTX account. The arrangement was […]
BTCC, a renowned cryptocurrency exchange, has recently made significant updates to its VIP program, aiming to provide more benefits to its users. The revised program offers reduced trading fees for all VIP customers and simplifies the requirements for tier upgrades. This initiative has fueled a significant increase in BTCC’s active user base and daily trade […]
Ripple, a blockchain enterprise, has recently been making headlines. It won the UK’s PAY360 Awards for leadership in digital currencies, and a federal judge favored Ripple in a recent decision against the SEC. Additionally, Ripple was ranked 13th in Fortune’s “best workplace in technology” and was listed in People’s Magazine’s top caring companies. Sendi Young, […]
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), recently hinted at a potential collaboration with Ripple, the San Francisco-based fintech firm known for its blockchain-based payment solutions. In an interview with La Chang of YouTube channel TGL (Think Global Logistics), Zalai revealed that he doesn’t understand much about blockchain, but his son […]
