Crypto Industry News
Gemini gets regulatory approval in Italy and Greece
Days before the struggle with unlocking its Earn product, crypto exchange Genesis received regulatory approval from Italy and Greece. Gemini was registered as a virtual currency operator with the help of Organismo Agenti E Mediatori (OAM), Italy’s payment service regulator, on Nov 3. And as a custodial wallet provider and provider of exchange services between […]
Genesis creditors seek to avoid bankruptcy
Citing a Bloomberg anonymous source, several Genesis clients hired restructuring advisers to avoid the company’s filing for Chapter 11 bankruptcy. One group of creditors is currently working with Proskauer Rose law firm, and another is getting advice from Kirkland & Ellis. The information was shared with Bloomberg by an unidentified source close to the matter. […]
Binance acquires Japanese exchange SEBC
Binance got its first license in East Asia by acquiring Japan-based licensed crypto exchange Sacura Exchange BitCoin. Last year, Japan’s Financial Services Agency listed another warning to Binance on operating in Japan without registration. Back in the day, Binance replied by saying it “does not currently hold exchange operations in Japan, nor do we actively […]
Kraken to pay Treasury for sanctions violation
US Department of Treasury Office of Foreign Asset Control has settled the deal with the crypto exchange Kraken for Iran sanctions violation. The U.S.-based exchange Kraken is obliged to pay the Treasury $362,158.70 for a failure to provide the services for Iranian citizens: “Although Kraken maintained controls intended to prevent users from initially opening an […]
Silvergate states minimal exposure to BlockFi
Crypto bank Silvergate Capital stated less than $20M exposure to newly-bankrupt lender BlockFi. In the blog post from Nov. 28, the company officials claim: BlockFi is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans, which to date have continued to perform as expected with zero losses and no forced liquidations. Silvergate has no investments […]
BlockFi sues SBF over Robinhood shares
Now bankrupt crypto lender BlockFi filed a suit over Robinhood stocks bought by former FTX CEO Sam Bankman-Fried, citing it was pledged as collateral earlier in November. The suit was filed on the same day in the same court in New Jersey on Nov. 28, when crypto lender BlockFi filed for Chapter 11 bankruptcy. Allegedly, […]
Genesis is under investigation in the U.S.
In the aftermath of the FTX collapse, several U.S. states, including Alabama, opened an investigation of Genesis Global, the lender of paused Genesis Trading, on securities violations and crypto firms’ interconnection. As reported by Barron’s, Alabama’s Security Commission director Joseph Borg said, “his agency and those of several other states are part of the inquiries, […]
Huobi may acquire Poloniex
Justin Sun, the founder of Tron and Huobi’s global advisory board member, spoke out about the possible merger of the two companies in the near future. Earlier today, Chinese crypto journalist Colin Wu tweeted that Poloniex would merge with Huobi: The Poloniex exchange, which Justin Sun acquired from Circle in 2019, will merge with his […]
Lender Matrixport seeks $100M investment
Matrixport, one of the biggest lenders in Asia, founded by Bitmain mining hardware CEO Jihan Wu, is seeking a $100M investment at a $1.5B valuation despite the market turmoil. The firm confirmed the information via its official Twitter account, referring to Bloomberg news posted today. Matrixport already has commitments from the leading investors amounting to […]
Binance may buy FTX assets
Changpeng Zhao, Binance’s founder and CEO, shared in a Bloomberg interview firm’s plans for the crypto industry recovery, a bid for Voyager, and he also unruled the possibility of acquiring FTX assets. СZ shared his views with a Bloomberg reporter on whether contagion in the market will keep pace following the collapse of a big […]
