January 28, 2024
FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
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....
January 26, 2024
SEC Approves Exchange Listing Applications for Spot Bitcoin ETPs
By: Robert E. Plaze, John Mahon, Shaina Maldonado & Adrianna Vallee (Blockchain & The Law) On January 10, 2024, the Securities and Exchange Commission (“SEC”) issued an order granting approval for the applications of...
January 23, 2024
Bitcoin Falls Amid Investor Profit-Taking After Recent High
Bitcoin continued its recent decline, falling below $39,000 on Tuesday. This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5% drop to $39,163.22, CNBC reported Tuesday (Jan....
January 22, 2024
SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account
The Jan. 9 hack of the Securities and Exchange Commission’s (SEC) account on the social media platform X (formerly known as Twitter) was apparently the result of a “SIM swap” attack. The...
January 22, 2024
Terraform Labs Files for Bankruptcy
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...
January 19, 2024
LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit...
January 18, 2024
Cybrid Adds B2B Payment Capabilities to Embedded Finance API Solutions
Cybrid, a provider of embedded finance application programming interface (API) solutions, has expanded its Fintech API platform to include business-to-business (B2B) payments. This move is aimed at catering to the...
January 18, 2024
Report: State Street Cuts Jobs in Reorganization of Digital Assets...
State Street Corp. has reportedly cut “a handful” of jobs as it reorganizes its digital assets division, State Street Digital. Most of the division’s employees have moved to other units of...
January 18, 2024
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
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...
