Paxos Trust Company is reportedly engaged in a constructive discussion with the Securities and Exchange Commission. The firm’s CEO stated in an email that they’re ready to defend BUSD’s non-security…
Summary: eToro scooped a virtual currency license allowing the investment platform to offer crypto services in New York. The New York State Department of Financial Services (NYDFS) approved eToro for…
Summary: Ethereum scaling entity Polygon Labs reduced its workforce by 20% or almost 100 jobs, the protocol shared via an announcement on Tuesday. Polygon said the job cut was part…
FTX bankruptcy claims are selling for as low as 16 cents on the dollar in secondary markets. Distressed asset funds are reportedly projecting a recovery in five years. Crypto hedge…
FTX’s Japanese subsidiary will allow customers to withdraw their funds starting 21 February 2023. All withdrawals will be processed through a platform called Liquid Japan. FTX Japan suspended withdrawals in…
Summary: Huobi Global applied for a crypto license in Hong Kong amid a regulatory shift from the region’s watchdog. Justin Sun’s company will also open a local affiliated names Huobi…
San Francisco, CA, February 13th, 2023 – yPredict.ai, the innovative platform of AI/ML experts, financial specialists, traders, and investors, has unveiled its highly-anticipated presale of YPRED tokens. This is an…
Recent reports have identified Jump Trading as the unnamed firm that made $1.28 billion from Terra. The SEC’s complaint against Do Kown and Terraform Labs revealed that a third party…
FTX’s Japanese unit plans to let customers withdraw their funds by the end of this month. The bankrupt exchange has asked its clients to confirm their account balances ahead of…
Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in the jurisdiction amid mounting regulatory pressure, Bloomberg reported. The news…
The SEC has sued Do Kwon and his defunct crypto firm Terraform Labs. The fugitive founder is being charged with orchestrating a multi-billion dollar crypto asset securities fraud. The SEC…
Binance reportedly transferred over $400 million from its U.S. exchange to Merit Peak, a trading firm. Binance chief Changpeng Zhao is listed as the manager of Merit Peak. It is…
Summary: The accused exploiter Avraham Eisenberg launched legal efforts to retain $47 million in digital assets hacked from the DeFi platform Mango Markets. Eisenberg’s legal team argued that the two…
A federal judge ordered Sam Bankman-Fried’s bond documents to be unsealed earlier today. The documents revealed the names of the bond’s co-signers, which were initially redacted. The co-signers were revealed…
FTX’s lawyers are negotiating to reclaim $400 million parked in an account at JP Morgan Chase. Sam Bankman-Fried had invested this money into a hedge fund called Modulo Capital. Modulo’s…
