FTX billionaire founder Bankman-Fried’s crypto empire splits into two

FTX billionaire founder Bankman-Fried’s crypto empire splits into two

November 3, 2022 0

It has emerged that the business empire of billionaire Sam Bankman-Fried officially comprises two giant entities, including the FTX crypto exchange and his trading firm Alameda Research. This is after the status of Almeda Research as a significant player in its respective field (trading firm) was confirmed through the $14.6 billion assets it holds as […]

The little known crypto group that pulled in  billion last year

The little known crypto group that pulled in $33 billion last year

November 3, 2022 0

A little known cryptocurrency trading house that appears to have most of its operations in Hong Kong and Singapore has emerged as the sixth-largest operation by income in Australia for the 2022 tax year. WX Trading – which appears to be affiliated with WX Capital, a large cryptocurrency trading site – reported $33 billion in […]

Crypto lender Voyager Digital files for bankruptcy

Crypto lender Voyager Digital files for bankruptcy

July 7, 2022 0

July 6 (Reuters) – U.S. crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely […]

One of the most prominent crypto hedge funds just defaulted on a 0 million loan

One of the most prominent crypto hedge funds just defaulted on a $670 million loan

July 7, 2022 0

Key Points Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and another 15,250 bitcoin, worth about $323 […]

Coinbase extends hiring freeze, rescinds some accepted job offers

Coinbase extends hiring freeze, rescinds some accepted job offers

June 3, 2022 0

Crypto trading platform’s shares have slumped 70% this year amid wider crypto crash Cryptocurrency marketplace Coinbase Global Inc. said Thursday it will extend its hiring freeze indefinitely, and rescind “a number” of already accepted job offers. “We will extend our hiring pause for the foreseeable future,” Coinbase COIN, +7.56% said in a blog post, citing […]

JPMorgan trials blockchain for collateral settlement in after-hours trading

JPMorgan trials blockchain for collateral settlement in after-hours trading

May 27, 2022 0

“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice. Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg, JPMorgan conducted a pilot transaction on May 20, which […]

GameStop now has its own wallet for crypto and NFTs

GameStop now has its own wallet for crypto and NFTs

May 23, 2022 0

You’ll be able to use this with its upcoming NFT marketplace GameStop has launched a beta for its very own Ethereum wallet that will let users store, send, and receive both cryptocurrency and non-fungible tokens (NFTs) through their web browsers. The wallet is currently available as an extension for Google Chrome and Brave, but GameStop’s […]

‘Move-to-earn’ Solana app StepN is latest crypto gaming craze

‘Move-to-earn’ Solana app StepN is latest crypto gaming craze

May 23, 2022 0

But skeptics question its sustainability and whether it can be called a ‘game’ Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three million users worldwide are now active on the […]

Tether pays out bn in withdrawals since start of crypto crash

Tether pays out $10bn in withdrawals since start of crypto crash

May 23, 2022 0

Pace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10bn (£8bn) in withdrawals since the crypto crash started in early May. The pace of withdrawals means the company is effectively dealing with […]