Bitstamp, a cryptocurrency exchange, has announced that it will be discontinuing its services to customers in Canada starting from January 8, 2024. The decision was initially communicated to Canadian customers in March and CEO Bobby Zagotta expressed the company’s gratitude towards its Canadian customers, emphasizing that this was not an easy decision. Bitstamp has also […]
Ex-Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam Bankman-Fried, revealing that they communicated through the messaging app Signal, which has an auto-delete feature. Ellison also claimed that Bankman-Fried instructed her and others not to leave anything in writing. Prosecutors presented evidence showing that Bankman-Fried set the disappearing message time for one […]
The Federal Open Market Committee (FOMC) has reaffirmed its commitment to higher interest rates, signaling the possibility of another rate increase in the near future. Despite a complex economic environment characterized by elevated inflation and slowing job gains, the FOMC remains optimistic about the strength of the labor market and the pace of real GDP […]
JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets on a blockchain. TCN recently settled its first trade between BlackRock and Barclays, allowing for instant transfer of collateral instead of the usual day-long process. BlackRock used […]
The trial of Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently underway. The United States Department of Justice (DOJ) and the defense have presented their arguments. The DOJ accuses Bankman-Fried of intentionally deceiving investors and using his company, Alameda, to steal customers’ funds. They also claim that he had influence over politicians […]
San Francisco-based blockchain startup Ripple is facing challenges in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Last week, a U.S. judge rejected the SEC’s appeal for an interlocutory motion in the Ripple lawsuit and pushed for a settlement between the two parties. Amidst this legal battle, Ripple’s Chief Financial Officer, Kristina […]
iFinex, the parent company of BitFinex and collaborator with Tether Holdings, has announced a $150 million share buyback plan. This move is seen as a significant step towards the company’s growth and efforts to address its troubled past. The buyback plan offers a price of $10 per share for 15 million shares, representing 9% of […]
Attorney John E Deaton, who is representing Ripple (XRP) investors in a lawsuit against the US Securities and Exchange Commission (SEC), has invested in Bitcoin (BTC) after hearing TV host Jim Cramer’s negative stance on the cryptocurrency. Cramer has a history of making inaccurate predictions about crypto, such as advising to sell BTC at $17,000 […]
Former Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam “SBF” Bankman-Fried, revealing that she provided manipulated financial data to Genesis at Bankman-Fried’s direction. Ellison admitted to creating “alternative” balance sheets that concealed Alameda’s borrowing of $10 billion from FTX and $5 billion in loans to executives and affiliated entities. She expressed […]
JPMorgan Chase & Co. has achieved a significant milestone in blockchain technology with the completion of its Tokenized Collateral Network (TCN) live transaction. This groundbreaking transaction involved major financial giants BlackRock Inc. and Barclays Plc, marking a pivotal moment in adopting blockchain technology for financial processes. The TCN, developed by JPMorgan, has proven its ability […]
