A bankruptcy filing has been in the works for weeks after the bank froze all customer withdrawals on 16 November. The events followed the collapse of major crypto exchange FTX. The liquidity crisis also impacted Genesis’ partnership with Gemini, founded by the Winklevoss twins. The two companies had an agreement to offered a crypto lending…
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Coinbase made the announcement on Wednesday, telling its customers they can withdraw their fiat and crypto holdings from Coinbase until 16 February 2023. The company recommends that its clients transfer their funds to other Virtual Assets Service Provider, Coinbase Wallet or any other self-hosted wallet or they can liquidate their portfolio and withdraw their funds…
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Haider Rafique, Global CMO, OKX, commented: In the last year we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on…
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Court filings reveal around 117 interested parties have lined up for FTX’s subsidiaries. The collapsed crypto exchange’s lawyers sought after the sale of the assets earlier in December citing loss of value. Cypriot regulator CySEC suspended the FTX Europe's license and FTX Japan’s operations were suspended. It recently came to light that FTX’s liquidators have…
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Furthermore, the prosecutor’s office stated that more than 3.6 million transactions have gone through Nexo, some of which involving “risky players”. Nexo has not responded to local media for comment but has posted on Twitter, speaking against the investigation. The company also said that they have taken preventive measures against money laundering. The company tweeted:…
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Richard Teng, Head of Europe and MENA at Binance, commented: Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are…
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Meanwhile, former CEO of Alameda Research, Caroline Ellison, and former CTO of FTX Trading Ltd., Zixiao (Gary) Wang, have already pleaded guilty to defrauding investors. Bankman-Fried was arrested in the Bahamas where he lived and FTX was based in December. He was then extradited to the United States to face trial. He has been released…
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FTX later challenged the regulator’s calculations, saying its digital assets seized in November were worth just $296 million. SCB said that these challenges were based on “incomplete information.” The regulator responded: The US Debtors’ continued lack of diligence when making public statements concerning the Commission is disappointing, and reflects a cavalier attitude towards the truth…
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The US-based crypto exchange said it has enough funds to ensure all clients can withdraw their assets in that period. Clients will be offered the option to transfer their crypto funds to a third-party wallet or convert them to Japanese yen. Kraken initially launched services in Japan in 2014 and pulled out in 2018. The…
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Website update The new B2BinPay website new design features multiple pages, each dedicated to different products and services. The new design features a comprehensive guide to On-Chain and Off-Chain transactions. On-Chain transactions are executed on the blockchain, requiring verification by other network users. These transactions have no commission fees, but associated blockchain fees still apply.…
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