Crypto Industry News

This fall, the company’s management changed. Hong Kong-based company About Capital bought a controlling stake in the Huobi exchange. Later this year, Justin Sun, founder of Tron blockchain, revealed himself as Huobi’s new owner. Now the company is up to broadening its horizons, starting with a rebranding. Related: Justin Sun admits to owning Huobi Today, […]

Last Wednesday, the cryptocurrency exchange Gemini went offline due to an unrelated server issue. The announcement of pausing withdrawals via the Gemini Earn product followed, right after the prime broker, Genesis, halted users’ redemptions and creation of new loans. Related: Your Favorite Crypto Digest From TradeCrypto.com #172 Genesis and Gemini are owned by the parent company […]

Binance Labs made a strategic investment in Belgium-based cold wallet maker NGRAVE, following CEO’s Changpeng Zhao repeated calls for users to turn to self-custody. Another confirmation of these words is the integration of Trust Wallet in Binance, announced last week, which we covered in Digest #171.  According to an official statement, Binance Labs, the venture […]

Multicoin Capital, one of the top venture firms, lost approximately half of its capital to FTX and announced that many players would soon be out of the game. The firm’s managing partners, Kyle Samani and Tushar Jain commented on the exposure to FTX: “We put too much trust in our relationship with FTX. We had […]

South Korean court approved a local prosecutor’s petition to freeze the assets of Terra co-founder Daniel Shin. Daniel has $105 million in his account. The funds are being seized because authorities needed to get more explanation about the origin of the funds, citing speculation surrounding LUNA. The businessman was also charged with a breach of […]

At the beginning of October this year, Hong-Kong based asset management company About Capital bought a controlling stake in Huobi. Right after that, the rumors of Justin Sun, the founder of TRON, being involved in the deal were spread. Only after a month after denying his position and saying he’s probably the biggest holder of […]

Kris Marszalek, CEO of Crypto.com, announced in a tweet that the popular crypto exchange will make public all balances and cold wallet addresses for major assets within the next 24 hours. The aim is to demonstrate full transparency in light of the much-publicized recent events concerning another crypto exchange, FTX. To remind readers, FTX’s downfall […]

The saga of the FTX crypto exchange’s demise continues. According to insider information unearthed by Reuters, it turns out that the CEO Sam Bankman-Fried used at least $4 billion of FTX’s money this year to support his trading firm, Alameda Research, which is closely connected to FTX. And while we do not know the exact […]

Good news for Binance fans. The largest crypto exchange announced that it has refilled its Secure Asset Fund for Users (SAFU), which now holds $1 billion to be used as emergency insurance for users of the exchange. The exchange previously topped up SAFU to $1 billion this January using a percentage of trading fees on […]

Binance and Ledger have joined forces to enable users to buy crypto on the Binance exchange directly from the hardware wallet app, the companies announced. This way, buyers can use bank cards connected to Ledger to easily buy crypto on Binance. This is important news for traders who like to keep their funds safe in […]