First hearing scheduled in Genesis bankruptcy case
According to court documents, the first hearing in the Genesis Capital bankruptcy case is scheduled for January 23 at 2 p.m. Eastern Time. Judge Sean H. Lane, appointed by the United States Bankruptcy Court for the Southern District of New York, will decide whether to accept the Chapter 11 relief requested by Genesis and its […]
Binance allows investors to hold collateral off exchange
Institutional investors will soon be able to store their off-exchange collateral in cold wallets through Binance Custody, according to a recent announcement. The move comes in the wake of dwindling trust in centralized crypto companies following the collapse of FTX. Binance is trying to restore that trust by keeping leveraged positions off the internet. Binance […]
Nexo is under money laundering investigation in Bulgaria
Bulgarian prosecutors, along with international agents, have launched a large-scale investigation into the crypto lender, Nexo. The company is accused of being involved in violation of sanctions against Russia. Nexo has denied all accusations. According to the StandartNews media outlet, the investigation into Nexo started a few months ago, claiming the crypto lender provided investors […]
Coinbase cuts 20% of jobs to survive any winter scenario
Crypto exchange Coinbase is experiencing a second round of layoffs. This time, Coinbase intends to lay off 950 employees and shut down several projects. Last June, Coinbase laid off 18% of jobs, or 1,000 employees, to “ensure we stay healthy during this economic downturn.” As it appears now, with another wave of cutting jobs at […]
Mt. Gox postpones deadline for repayment selection to March 2023
Mt. Gox’s attorney Nobyaki Kobayashi states that the previously announced deadline for repayment selection on January 10 has been moved to March 10 after obtaining the court’s permission. Now, all the clients will have more time to decide how they want to receive the repayment and fill in their payee information on Mt. Gox. The […]
Crypto payments and infrastructure provider Wyre shuts down
Wyre will cease operations in January 2023 after its $1.5 billion acquisition by Bolt Financial fell through. The main reason is inability to operate in current market conditions. Wyre is a financial technology company that enables individuals and businesses to send and receive payments globally. It was founded in 2013 and has millions of users […]
Su Zhu blames FTX and DCG in Terra LUNA collapse
Su Zhu, co-founder of the troubled hedge fund Three Arrows Capital, leveled accusations against Digital Currency Group, pointing to its conspiracy with FTX in the collapse of Terra LUNA, which led to the bankruptcies of 3AC and Babel. Su Zhu was responding primarily to the spreading accusations against Digital Currency Group (DCG), led by Gemini […]
Exchanging crypto via TelegramBot: Is it dangerous and how to protect yourself from scams?
I’m sure you already know Telegram is one of the five most-used messaging services in the world. According to trustworthy media reports, Telegram introduced a peer-to-peer cryptocurrency exchange. Even though Telegram announced functionality that enables “anonymous P2P transactions”, users still must give their mobile phone numbers to purchase, sell, and trade crypto tokens. Telegram @Wallet […]
