Crypto Industry News

Billionaire investor, crypto influencer and owner of Mavericks, Mark Cuban, is to stand pre-trial on Feb. 2 for promoting the bankrupt company, Voyager Digital. Mark Cuban is to answer questions under oath that will determine whether the case against him will be opened. Previously, Cuban had requested that the questioning be split into two sessions. […]

Several crypto projects reported a sharp drop in price after CoinMarketCap failed to run fair promotional token airdrop campaigns. CoinMarketCap responded to the allegations. TokenBot and SaTT accused CoinMarketCap of manipulating the paid promotional token drops in favor of some wallets. Promotional drops are originally planned to distribute tokens to thousands of users to generate […]

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 […]

The former FTX CEO, currently out on bail awaiting trial, is fighting for Robinhood shares claimed by both FTX and BlockFi to pay legal fees. On Dec. 28, during a court hearing, Judge Michael Kaplan agreed to consider BlockFi’s request to transfer 56 million Robinhood market shares, valued at $430 million, to a neutral broker […]

Amid rumors of possible insolvency, the Huobi crypto exchange plans to lay off 20% of its workforce, an official confirmed to Reuters. On January 6, Huobi stated: The planned layoff ratio is about 20%, but it is not implemented now. With the current state of the bear market, a very lean team will be maintained […]

The United States District Court for the District of Puerto Rico could find no grounds to release Avraham Eisenberg from custody before trial. Quite the contrary. Avraham was apprehended by Puerto Rico police on December 28 and charged with market manipulation and fraud in connection with the October 11 Mango Markets exploit. Related: Mango Markets […]

The U.S. Securities and Exchange Commission finds Binance.US’s $1 billion deal to buy Voyager Digital insufficient, emphasizing the size of the deal and the unreliability of the origin of Binance.US’s assets. On January 4, the SEC filed an objection to authorizing entry to Binance.US’ purchase of Voyager Digital, stressing the latter still seeks conditional approval […]

As concerns widen around its parent company, Digital Currency Group, Grayscale’s Ethereum and Bitcoin trusts have fallen to record discounts. The Grayscale Ethereum Trust (ETHE) is currently trading at a significant discount of almost 60% to the value of its underlying assets. This follows a 93% decline in share value from its all-time high in […]

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 […]

ANC Pharmacy, one of the largest pharmacy chains in Ukraine, has announced that it will accept cryptocurrency payments via contactless payment service Binance Pay. Customers will be able to make instant payments while purchasing pharmacy products online at ANC Pharmacy, as well as pharmacy stores Kopiyka and Shara, using Binance Pay. The new feature will […]