On Wednesday night, the financial advisors of the cryptocurrency exchange FTX unveiled its complete list of institutional creditors in an official court filing. This document not only names the companies that are owed money by FTX but provides a comprehensive overview of all entities entangled in this bankruptcy case. This comprehensive document of more than …

Court documents reveal extensive creditor list of FTX, and why are we surprised? Read More »

Mango Labs, the entity behind the Mango Markets decentralized financial platform, has filed its own lawsuit against exploiter Avraham Eisenberg. This comes just a week after the Securities and Exchange Commission (SEC) charged the DeFi trader with stealing $116 million from the Solana-based decentralized exchange Mango Markets. Mango Labs sues Avraham According to the filing …

Mango Labs goes after Avraham Eisenberg for $47M Read More »

The Dutch central bank (DNB) has imposed a fine of €3.3 million ($3.6 million) on U.S based cryptocurrency exchange Coinbase for providing services in the Netherlands without proper registration. The DNB noted that it considered Coinbase one of the largest crypto exchanges worldwide and has a huge customer base in the country. According to the …

Just in: Dutch central bank slaps Coinbase with €3.3m fine Read More »

In a Reddit post yesterday, Roger Ver, a popular Bitcoin advocate, affirmed that he has “sufficient funds” to repay the now-bankrupt crypto broker Genesis the $21 million he allegedly owed. However, Ver argued against having any obligation of payment due to an agreement stating that Genesis was expected to remain solvent. He wrote, “I’m happy …

‘Bitcoin Jesus’ refuses to pay the $12m he owes Genesis Read More »

The middle east and North America (MENA) sub-region observed the fastest global adoption of cryptocurrency in the past year, based on a report by Chainalysis. Even though the region is one of the smaller digital asset trading markets, it saw a remarkable increase in 2022. According to a 2022 Global Crypto Adoption Index report, citizens …

How the middle east and north america are becoming important epicenters for crypto adoption Read More »

A new payment system that is compatible with stablecoins and CBDCs is now being developed by a Chinese company known as Red Date Technology. What Red Date Tech aims to do with the system This new system will function as a conduit for central banks to transfer and interchange regulated cryptocurrencies, and it was recently …

Chinese firm launches stablecoin and CBDC payments system Read More »

Pantera Capital, a crypto-focused venture with about $3.8 billion in assets under its management, summed up its 2023 forecast declaring Decentralized Finance (DeFi) is the future and will take over the crypto market. Last year saw the beginning of the bear market, with its progression exacerbated by multiple financial disasters and failings—such as FTX’s multibillion-dollar …

VC firm Pantera sums up 2023 forecast; says DeFi is poised to take over the crypto market Read More »

UK regulators have announced that they are now considering the decision of keeping investment products like derivatives and other crypto products off the market for retail traders. According to the joint committee of regulators, the previous decision taken on the products is now deemed unjustified. The decision at the time meant that retail traders were …

UK regulators deliberate investment products ban Read More »

On Tuesday, European lawmakers gave a mandate requiring banks holding cryptocurrencies to abide by more stringent measures. The Parliament’s Economic and Monetary Affairs Committee enforced increased capital requirements for any institution possessing digital assets. Prohibitive capital requirements introduced Markus Ferber, a member of the European Parliament, claims that banks must ‘hold a euro of their …

EU lawmakers impose stringent measures for banks holding cryptocurrencies Read More »

A new class action complaint was filed against Digital Currency Group (DCG), a troubled cryptocurrency company, on behalf of its subsidiary Genesis Capital. Genesis creditors accused DCG and its CEO Barry Silbert of breaking the law when they launched a securities class action (SCA) case against DCG. Silver Golub & Teitell (SGT), a law firm …

Genesis creditors drag DCG to court Read More »