FTX reveals it had lost around $415 million worth of crypto to hacks
On Tuesday, FTX.com, the bankrupt cryptocurrency exchange, revealed that it had lost around US$415 million worth of cryptocurrencies to hacks since it filed for bankruptcy
Article written by Robin Sean
Digital Currency Group prioritizes liquidity over dividends
Digital Currency Group (DCG), a venture capital firm, has informed shareholders that it will be halting its quarterly dividend payments for the time being in
Seoul’s Metaverse Pilot Takes on Education and Tourism
The Seoul government has launched “Metaverse Seoul,” a public metaverse project that allows citizens to interact with virtual representatives of the government in order to
Binance Enhances Security for Institutional Trading with Cold Custody Feature
Binance, the world’s largest crypto exchange, has announced a new service called “Binance Mirror” in response to the recent FTX crisis, which has raised concerns
China Enters the Securities Market with Digital Yuan
The launch of the e-CNY payment function on Soochow Securities’ app is expected to further promote the integration of financial technology and the digital yuan.
Grayscale Responds to SEC’s GBTC Proposal as Company Seeks Approval
Grayscale, a leading crypto investment firm, has submitted a response to the US Securities and Exchange Commission (SEC) in regards to the latter’s opposition of
Crypto.com Reduces Staff Despite Digital Asset Market Rally
The CEO of Crypto.com, Kris Marszalek, announced that the company will be cutting 20% of its global workforce as digital asset markets attempt to recover.
Thailand to Introduce Virtual Banks by 2025, Says Central Bank
The Bank of Thailand has revealed its plans to allow virtual banks to operate in the country for the first time. This will allow financial
Hong Kong Regulator Publishes List of Approved Crypto Assets for Trading
Hong Kong’s Securities and Futures Commission (SFC) is preparing a list of crypto assets that will be open to retail traders, according to a report
Europol shuts down cross-border crypto fraud operation
In summary, European law enforcement agencies have successfully taken down a cross-border cryptocurrency fraud network that spanned across Serbia, Germany, Cyprus, and Bulgaria. The operation
Blockchain.com Announces Staff Reductions of 28%
Blockchain.com, a cryptocurrency brokerage platform, has announced that it will be laying off 28% of its staff, or around 110 people, due to the crypto
BitConnect Ponzi Scheme Victims to be Paid $17 Million by Department of Justice
The US Department of Justice (DOJ) has announced that victims of the BitConnect Ponzi scheme will be receiving $17 million in restitution money. The funds,
Authorities Arrest Creator of False Squid Game Token
An investigative journalist and tech expert have uncovered the masterminds behind the SQUID token scam, which used the name of a popular Netflix show to
BlockFi’s Executives’ Salaries Rise Despite Setbacks in Equity
BlockFi, a crypto lending platform, has been facing some major challenges as part of an emergency restructuring plan last year. This plan included borrowing $400
Samsung Takes Crypto Leap, Introduces Bitcoin ETF
Samsung Asset Management has made a big move by announcing the launch of its Bitcoin Futures ETF in Hong Kong. This ETF will track spot
The Future of Cryptocurrency: How it will shape the economy
Cryptocurrency is a digital currency that uses cryptography to secure and verify transactions. It is a decentralized form of currency, meaning that it is not