FTX’s demise caused massive disruption and a severe impact on the entire market. Justice was partially served after Sam Bankman-Fried was arrested. Yet, he was granted a whopping $250 million bail and is currently under house arrest. While his parents were part of this bond, the other two guarantors remained under wraps. However, that might change soon going forward. According […]
The emails obtained by CoinDesk shed more light on the ongoing debate over the undisputed rights of WazirX, India’s largest crypto exchange. In November 2019, WazirX’s ownership was undisputed: Binance, the world’s largest crypto exchange, published a blog post saying it had bought the Indian exchange. WazirX executives have already spoken publicly about the acquisition. […]
In its latest earnings report, Tesla disclosed it did not buy or sell any Bitcoins in the last quarter of 2022. Reporting from Decrypt, Friday (27/1/2023), Tesla experienced an estimated USD 34 million in impairment costs as the value of Bitcoin holdings fell to $184 million from $218 million in the third quarter of 2022. […]
On January 25, Justin Sun, the founder of Tron transferred 10,000 Ethereum (ETH) worth $15 million to his Poloniex account, Lookonchain revealed. Transfers of this size are usually with the intention of selling and possibly pushing the asset price down. Etherscan’s information shows that the founder of Tron (TRX) still owns $347 million worth of […]
The ETH/BTC currency is down 8% since Jan. 11, as the value of bitcoin increasingly appears more than that of ether; BTC is hovering around $23,000 in Monday’s trading. Bitcoin broke from a high of $23,000 on Monday before falling back below that threshold in a repeated performance over the weekend that continued to reflect […]
Venture capital firm Peter Thiel reportedly made $1.8 billion closing its crypto positions last year or around the time the initial Bitcoin bulls were still predicting the token price would jump 100 times. Founders have cashed out almost all of their bets on digital assets in March 2022, according to a Financial Times report citing […]
US federal prosecutors have seized nearly US$700 million in cash, stock and assets related to FTX Founder Sam Bankman-Fried, who is suspected of misappropriating customer funds. Most of the funds seized were in the form of Robinhood shares owned by Sam Bankman-Fried. John Ray, who succeeded Bankman-Fried as CEO to guide FTX’s restructuring, was trying […]
Binance will allow institutional investors to keep their paid crypto for leveraged positions, off the platform. The change will allow investors to enter into contracts with Binance Custody, which will hold assets on the Internet, in a cold storage wallet, Binance said in a statement on Monday. Once the transaction is closed, the assets will […]
The U.S. Securities and Exchange Commission announced a complaint that FTX is hiring New York law firm Sullivan and Cromwell, citing conflicts of interest in its past business, in a January 13 legal filing. The complaint echoes the one filed by members of the United States Senate against the founder of the crypto exchange, Sam […]
In 2022, it can be said to be a period of reversal for crypto after 2021 being the best year for this digital asset. In 2021, Bitcoin and Ethereum for the first time recorded highs in their history twice in just a year, namely in May 2021 and November 2021. However, entering 2022, the movement […]