Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market
Jane Street Group and Jump Trading are reportedly retreating from crypto trading in the United States. The top market makers decided to retreat in light of the crackdown on crypto…
Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis
The Digital Currency Group is looking to refinance the $1.7 billion debt it owes to its bankrupt subsidiary Genesis. Barry Silbert’s crypto behemoth is in talks with investors to raise…
Former Coinbase Manager Sentenced To 2 Years For Insider Trading
Ishan Wahi, a former product manager at Coinbase, has been sentenced to two years in prison. A federal judge handed Wahi the sentence for his role in an insider trading…
OKX Sends $57 Million In Digital Assets To Alameda Bankruptcy Wallets
Summary: Wallets controlled by Alameda Research received millions of Tether’s stablecoin USDT and MASK tokens from OKX on Tuesday. The wallets in question are in full control of the FTX…
BREAKING: Bittrex Inc Files For Chapter 11 Bankruptcy
Crypto exchange Bittrex has filed for Chapter 11 bankruptcy in the state of Delaware. The U.S. Treasury Department’s OFAC is listed as the bankrupt exchange’s largest creditor. The bankruptcy filing…
Paxful Resumes Operations After Being Offline For A Month
Paxful has announced the resumption of operations after being suspended for over a month. The P2P crypto platform suspended operations last month following the departure of key staff members. The…
Canada’s Central Bank Invites Public Feedback On CBDC Plans
Canada’s central bank is launching an online public consultation to discuss the features of a potential CBDC The Bank of Canada stated earlier today that it is exploring issuing a…
Coinbase Executives Engage UAE Lawmakers Amid US Regulatory Crackdown
Summary: Coinbase CEO Brian Armstrong hailed legislators in the United Arab Emirates for developing reasonable guidelines for crypto businesses and policies to protect users. Indeed the UAE was one of…
Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam
Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021. It seems that increased demand for BTC blockchain…
Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote
Summary: The Aave DAO completely voted in support of a proposal to launch the third iteration of its lending service on Metis, an L2 scaling network built atop Ethereum’s blockchain.…
Binance Resumes Bitcoin Withdrawals After Network Congestion Caused Suspension
Binance has resumed Bitcoin withdrawals on its trading platform. The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network. Binance’s Bitcoin wallets have seen outflows of more than…
Binance Faces DoJ Probe Over Potential Violation Of Russian Sanctions
The U.S. Justice Department is reportedly probing Binance for potential violation of sanctions imposed on Russia. The DoJ’s national security division is investigating the exchange’s officials to determine if sanctions…
Binance Responds To Reuters’ Report On Accounts With Terrorism Links
Binance has responded to a report from Reuters which claimed that the exchange entertained accounts linked to terror outfits. Reuter recently reported that Israel had seized 190 Binance accounts linked…
Prosecutors Push For Do Kwon’s Extradition To South Korea, 40-Year Sentence Possible
Summary: Do Kwon could face 40 years in prison if prosecuted and found guilty by a court in his home country of South Korea. Media reports confirmed that authorities in…
Plan For Stricter Crypto Rules Unveiled By New York AG Letitia James
Summary: New York Attorney General Letitia James is pushing to empower the State’s Department of Financial Services with the authority to implement stricter crypto rules. AG James’s proposed regulations would…