FTX Engineering Director Nishad Singh Under Investigation by U.S. Authorities
According to Bloomberg, federal authorities in the U.S. are investigating former FTX engineering director Nishad Singh. If prosecutors discover that…
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Silvergate Capital Announces 40% Layoffs and Abandons Diem Project
The crypto-friendly bank witnessed a sharp decline in Silvergate stock price since the confidence crisis in the crypto industry following…
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LG Heightens Metaverse Ambitions in 2023
The South Korean tech company issued a series of metaverse-oriented projects in 2023. LG Electronics utilized the Consumer Electronics Show…
Silvergate Restates Faith In Crypto Despite Q4 Withdrawal Drop – Report
As withdrawals spiked following the demise of industry titan FTX, top asset management firm Silvergate Capital Corp reported a steep…
US Federal Regulators Publish Joint Statement On Risks Associated With Crypto Assets
Just two months after the financial industry was shocked by the collapse of cryptocurrency exchange FTX, US authorities cautioned banks…
Robinhood Shares in Contested Ownership Seized by Regulators from FTX
The US Justice Department (DoJ) confirmed taking custody of the $450 million Robinhood shares in disputed ownership between BlockFi and…
SEC Objects Binance.US Plans to Takeover Voyager Digital
SEC submitted a limited objection to the acquisition of Voyager Digital by Binance US for $1.022 billion. The US securities…
Magic Eden Refunding Users Duped into Purchasing 25 Fake NFTs
Magic Eden confirmed its intentions to refund customers duped to purchase 25 fake non-fungible tokens within 24 hours following the…
SEC Probes Into $45M Fraud of a “Lucrative Blockchain Technology” Scheme
The Securities and Exchange Commission is seeking out individuals who allegedly engaged in a fraud scheme that robbed investors of…
Amazon To Lay Off Over 17,000 Employees Amid Economic Recession
In what could possibly be the biggest tech layoff till date, e-commerce giant Amazon will reportedly downsize on staffing with…
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Judge Rules that Customer Assets Belong to The Bankrupt Crypto Lender in Celsius ‘Earn Program’ Dispute
On Wednesday, a U.S. bankruptcy judge ruled that Celsius Network controls the majority of the cryptocurrency deposited on its online…
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Binance Dominated 92% of Bitcoin Spot Trading Volume in 2022: Arcane Research Report
Binance Sees Surge in Investors Following Decision to Eliminate Bitcoin Trading Fees and FTX's Demise Binance, A Force To Be…
Magic Eden Addresses Pornographic Display Situation; Blames Third-party Breach
A scandalous attempt was made on the Magic Eden Solana marketplace, showing explicit pornographic content on the marketplace. Magic Eden…
Coinbase To Pay $100 Million In Settlement For Insufficient AML Measures
New York Department of Financial Services (NYDFS) has sanctioned Coinbase for failing to keep track of the increase of its…
IRS Wants To Work With Cryptocurrency Firms To Combat Financial Crimes
An IRS special agent informed Wall Street Journal about the agency’s intent to operate in collaboration with crypto firms to…
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DeFi TVL Hits Two-Year Low, Struggles To Recover
According to DeFiLlama, a DeFi TVL aggregator, the total value locked (TVL) in DeFi has reached a two-year low. More…