In a significant development, FTX Group has managed to recover approximately $7 billion in liquid assets. This recovery is a result of a challenging investigation that tested the determination and resilience of all involved parties. Despite the recovered amount being less than the $8.7 billion owed to clients, the gap is gradually closing.A second investigative […]
The influence of cryptocurrency platforms is significant, and their operations can have far-reaching effects across the entire crypto landscape. The recent allegations against Metamask, a popular Ethereum wallet and browser extension, underscore the need for these platforms to operate with transparency and be held accountable for their actions. The potential of the digital currency market […]
The crypto industry is on tenterhooks as it awaits the SEC’s decision on Bitcoin ETFs. Asset management firm VanEck has pledged to donate 5% of the profits from its spot Bitcoin ETF (if approved) to support core Bitcoin developers. Valkyrie’s filing for securities registration of its Spot Bitcoin ETF with the SEC has sparked anticipation […]
BlackRock, the world’s largest asset manager, is reportedly preparing to cut its global workforce in the coming days. This decision comes as the firm anticipates positive news from the US Securities and Exchange Commission (SEC) regarding its Bitcoin spot exchange-traded fund (ETF). BlackRock is one of many asset management firms aiming to offer a spot […]
The Digital Currency Group (DCG) has successfully paid off all short-term loans from its bankrupt subsidiary Genesis, as officially announced on January 6th. Over the past year, DCG has cleared more than $1 billion of debt to various creditors, with nearly $700 million directed towards Genesis, thereby fulfilling all its current obligations.Barry Silbert, the founder […]
In a significant development, Kyrgyzstan has seen a surge in its crypto mining tax revenue, which now stands at $900K. This is a significant increase from the $133,200 collected during the same period in 2022. In the United States, a new IRS mandate requires anyone receiving $10,000 or more in crypto as part of their […]
Bitget, a crypto derivatives exchange based in Seychelles, has seen significant growth, expanding its team from 1,100 to 1,500 employees and its user base from 8 million to 20 million. In an open letter, Bitget’s Managing Director, Gracy Chen, credited the support team for playing a crucial role in recovering over 495,000 USDT in missing […]
BlackRock, the world’s leading asset manager, is reportedly planning to reduce its global workforce by approximately 3%, affecting around 600 employees. This move is said to be part of BlackRock’s regular internal adjustments, with decisions influenced by performance evaluations over the past year.Simultaneously, the company is awaiting the Securities and Exchange Commission’s (SEC) decision on […]
BlackRock, the world’s largest asset manager, is set to reduce its global workforce by approximately 3% this week. This decision is in anticipation of positive news from the United States Securities and Exchange Commission (SEC) concerning its spot Bitcoin exchange-traded fund (ETF). As per sources, around 600 employees will be let go as part of […]
Fintech firms Sygnum and Float have joined forces with credit fund Fasanara Capital to offer tokenised access to private debt markets. Float, a capital-as-a-service company based in Stockholm, has introduced the Float Token in collaboration with Sygnum bank on the Polygon blockchain. This move allows Sygnum’s clients to invest alongside Fasanara Capital, a UK-based fintech-focused […]
