Genesis Global Capital Reportedly Heading for Bankruptcy
Genesis Global Capital, a subsidiary of Digital Currency Group (DCG) is reportedly preparing to file for bankruptcy as soon as this week. This crypto lending
Article written by Rachel Aaron
CoinDesk Reportedly Considering Sale Options: Report
Digital Currency Group (DCG), the parent company of CoinDesk, is reportedly exploring options for a partial or complete sale of the company. This news comes
Yuga Labs Admits to Mailchimp Breach, Reassures NFT Holders of Safety
Mailchimp, a popular email platform and marketing service, announced that it had experienced a data breach that resulted in the compromise of Yuga Labs’ account.
FTX defends decision to engage Sullivan & Cromwell as advisor
FTX, a cryptocurrency exchange, has defended its decision to retain law firm Sullivan & Cromwell (S&C) as an advisor, in response to objections raised about
Coinbase ends Japan operations, asks customers to withdraw assets
Coinbase Global Inc, one of the largest cryptocurrency exchanges in the world, has instructed its customers in Japan to withdraw their crypto and fiat holdings
Vauld Given Additional Time to Propose Financial Recovery Plan
The Singaporean authorities have reportedly granted Vauld, a cryptocurrency lender, an extended period of creditor protection. According to reports, Vauld has until February 28th to
Silvergate blames “crisis of confidence” for $1 billion loss in crypto sector
Silvergate Capital Corp., a U.S.-based cryptocurrency bank, reported a loss of $1 billion for the fourth quarter of 2022, due to a “crisis of confidence”
Alameda Wallet Incurs Heavy Losses of $11.5M Under Liquidator Control: Arkham
According to a recent report by Arkham Intelligence, the liquidators of Alameda Research have incurred significant losses, amounting to at least $11.5 million, since taking
Monex Group expresses Interest in FTX Japan Sale: Bloomberg
Monex Group, a Tokyo-based online brokerage firm, is considering bidding for the Japan subsidiary of the failed FTX cryptocurrency exchange, according to a report by
Japan’s Push for Crypto to be Treated Like Traditional Financial Institutions
Japan’s financial regulators are calling for stricter regulations for the cryptocurrency sector and for it to be treated the same as traditional banking. According to
South Korean Court Rules NFTs Unsuitable for Exchange, Widens P2E Ban
Last Friday, a South Korean court ruled against the release of a blockchain-based play-to-earn (P2E) game, determining that the in-game non-fungible tokens (NFTs) promoted speculation.
Iran and Russia aim to launch gold-backed crypto
Iran and Russia are reportedly planning to jointly issue a new stablecoin, a type of cryptocurrency that is backed by gold, that would serve as
Binance and Huobi Take Action to Recover Funds Stolen in Harmony One Attack
Security teams at crypto exchanges Binance and Huobi have successfully frozen and recovered 121 Bitcoin (BTC) from the hackers behind the Harmony bridge exploit. The
Solana Token Market on the Rise with 58% Increase
Solana, a once-promising cryptocurrency, has seen a remarkable rebound in 2023. The price of SOL has more than doubled this month, rising more than 58%
Tanzania Takes a Wait-and-See Approach to CBDC Adoption
Tanzania’s central bank is taking a careful and methodical approach to explore the potential risks and benefits of introducing a Central Bank Digital Currency (CBDC).
US Congress Forms New Subcommittee to Address Crypto Issues
The U.S. House of Representatives has created a new subcommittee focused on digital assets, as one of its first moves under the control of the