Chinese Court Likens NFTs to Online Virtual Property
Hangzhou city-based court considered nonfungible tokens (NFT) as digital assets within the virtual property category duly protected by Chinese law. …
Swyftx Exchange Axes 40% Personnel to Navigate Colder Crypto Winter
Swyftx has announced plans to lay off 40% of its staff, citing the crypto market slowdown. In the December 5…
ByBIt Downsizes Staff by 30% Citing Crypto Market Slowdown
The Singaporean cryptocurrency exchange Bybit announced cutting its workforce by 30% is fundamental to its reorganization. Bybit chief executive Ben…
AAX Office in Lagos Attacked After Suspending Operations
Frustrated AAX clients stormed the Lagos office after the crypto exchange froze withdrawals. Speaking to local media, an AAX representative…
Thai VC Confirms $100M Takeover of Embattled Zimpex Exchange
V Ventures Confirmed successful Zimpex buyout after a series of negotiations that stretched for several weeks. V Ventures statement on December…
Animoca Announces $2 Billion Fund Targeting Metaverse Developers
Animoca Brands' chief executive confirmed establishing a billion-dollar fund for start-ups focusing on metaverse development. The announcement by the developer…
Italy Considers 26% Tax on Crypto Gains as Gemini and Binance Enters
Italy plans to join other European countries to tap into the increased shift of crypto businesses into the region by…
Bearish Bitcoin Market Claims More Victims as Kraken Downsizes Staff by 30%
The extreme bullish steam that has prevailed for several months has led crypto firms to mass layoffs. Kraken is no…
OpenSea CEO considers FTX Fallout a Wake up to Decentralization and Opportunity for Crypto Refocus on Trust
OpenSea chief executive Devin Finzer considers the FTX collapse as an opportunity to refocus on the decentralization benefits. Finzer reassured…
Bitcoin Security Firm Casa Announces Roll Out of Ethereum-Compatible Services
Casa's statement on November 30 announced plans to include Ethereum compatibility in services offered to users in January. The company…
CrossTower Window Shopping Nets Institutional Brokerage, BEQUANT
CrossTower pursuit of acquisition targets in a shopping window extending for months yielded BEQUANT, a trading platform for digital assets.…
Bankman-Fried Admits Collusion as FTX Purportedly Processed Customer Deposits Using Alameda Research Banking Facilities
The inquiry into the dramatic collapse of FTX Group shows an inevitable downfall from questionable internal management practices as Bankman-Fried…
Silvergate Capital Denies Liquidity Crisis, Considers Exposure to Bankrupt BlockFi Minimal
San Diego-based Silvergate Capital Corporation rejected claims of suffering significant exposure to the bankrupt BlockFi. In a statement released hours…
BlockFi Pursues FTX’s Bankman-Fried Investment in Robinhood
BlockFi seeks Bankman-Fried's shares in Robinhood, citing the former FTX CEO used the investment as collateral for a pledge agreement. …
Integrity of Bahamas Jurisdiction Defended Despite FTX Group Crash
Bahamas attorney general – Ryan Pinder issued a late Sunday presser defending the Bahamas as a place governed by law.…
Elon Musk Vision for Twitter 2.0 Propels Dogecoin Price
The weekend tweets by Musk offering a snippet view of Twitter 2.0 plans sparked optimism among Dogecoin investors of possible…