MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday, causing its shares to drop 1.0%. Dan Dolev, a Mizuho analyst, now expects the crypto exchange to report revenue about 7.0% below his previous forecast for the third quarter. He believes that dwindling volumes combined with an expected drought in retail trading will […]
Ripple has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, allowing the fintech firm to provide digital payment token services in the region. This comes after Coinbase secured a similar license in Singapore, highlighting the city state’s interest in becoming a major crypto hub in Asia. Ripple CEO Brad Garlinghouse […]
Sam Bankman-Fried, former CEO of FTX, is currently facing criminal trial. On October 4th, jury selection was completed with 12 jurors and 6 alternates. The jury selection process was rigorous and the potential jurors had diverse backgrounds. If found guilty, Bankman-Fried could face a sentence of more than 100 years in prison. The defense team […]
Sam Bankman-Fried, the founder of FTX, was arrested in the Bahamas in December 2022 and extradited to the United States to face fraud and conspiracy charges. His trial has now started in the Southern district of New York.Sam was born to Stanford law professors who championed utilitarianism and embraced the principles of effective altruism. He […]
Google is reportedly considering investing up to $2 billion in artificial intelligence firm Anthropic, which could potentially increase its valuation to between $20 billion and $30 billion. FTX and Alameda Research invested a combined $500 million in Anthropic before FTX declared bankruptcy last year. If Anthropic’s valuation increases, FTX’s stake in the company could surge […]
Ripple, a global payments provider, has been granted a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide regulated digital payment token services in Singapore, and to continue driving the adoption of its crypto-enabled payments solutions in the Asia Pacific region.The license approval comes after MAS […]
Ripple, a company that seeks to enable global financial institutions to “move, manage and tokenize value”, has recently won a partial victory against the U.S. Securities and Exchange Commission (SEC). The legal case had been a source of uncertainty for the company, but a federal judge has already ruled against the SEC’s plan to appeal […]
Ripple Markets APAC Pte Ltd announced on Wednesday that its Singapore subsidiary has been granted a payments license from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide regulated digital payment token services in the city-state.Ripple received in-principle approval for its Major Payments Institution (MPI) license application from MAS earlier this year. […]
Nansen, a blockchain analytics firm, has released a report that sheds light on the days leading up to the collapse of FTX, a cryptocurrency exchange founded by Sam Bankman-Fried. The report reveals that the collapse was likely sparked by initial reports that flagged the significant, 40 percent share of Alameda Research’s $14.6 billion in assets […]
