FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency exchange collapsed in November 2022. A Bloomberg News report Saturday (Jan. 27), citing court documents, said that FTX’s largest affiliates...
Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt’s footprint in Latin America and marks its entry into Asia, the provider of custody, trading and onramp capabilities for the crypto economy said in a Wednesday (Jan....
Blockchain and lending startup Figure Technologies is reportedly seeking approval from U.S. regulators to issue an interest-bearing stablecoin. If approved, this move would establish a new class of stablecoins with federal legitimacy and make Figure the first company to offer a regulated stablecoin in the United States,...
Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan. 21), listing assets and liabilities between $100 million and $500 million. Terraforms’s TerraUSD had been the third-largest stablecoin by market...
The SEC’s suit against Coinbase could be decided in the next three months. The Securities and Exchange Commission (SEC) sued the cryptocurrency firm last year, and Coinbase went to court last week seeking to have that suit dismissed. The judge in that case is likely to make a decision...
Cryptocurrency exchange Binance is scheduled to go head-to-head with the Securities and Exchange Commission (SEC) on Monday (Jan. 22). Binance had previously sought the dismissal of the SEC’s lawsuit and is set to present its case before federal Judge Amy Berman Jackson on Monday. The hearing was rescheduled from...
ChainGPT, an artificial intelligence (AI)-powered Web3 infrastructure provider, has unveiled a platform that brings AI-powered auto-trading to the world of cryptocurrencies. This launch of the GT Protocol is made possible through a strategic partnership with ChainGPT Pad, a launchpad and incubator supporting promising Web3 startups,...
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto...
Last November, Binance paid a landmark $4.3 billion settlement to the U.S. government. Since then, the world’s largest cryptocurrency exchange has recorded net inflows of $4.6 billion, Bloomberg News reported Thursday (Jan. 18), citing data from DefiLlama. The report says that figure vastly outpaces what Binance’s biggest competitors...
