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Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation
29.11.2023
Wormhole, which was recently separated from parent Jump Trading Group after it scaled back its crypto operations, is a developer platform which allows different blockchain networks to communicate with each other
Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions
19.11.2023
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...
Wormhole to Become Separate Entity From Jump Trading
17.11.2023
Source: Pixabay Chicago-based trading firm Jump Trading has decoupled Wormhole, its cross-chain protocol. Bloomberg reported on Friday that Wormhole would be run as an independent entity by senior Wormhole employees. Citing people with knowledge of the matter, Bloomberg said that senior Wormhole...
Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg
17.11.2023
Although Jump has been scaling back its crypto-related operations, the reason for the business' parting of ways remains unclear, Bloomberg reported
Do Kwon’s SEC Case May Hinge on Role of Jump Trading, Court Documents Show
19.10.2023
Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world
Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’
3.10.2023
This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang
Trading Firms Deposit Millions in BTC, ETH and ARB to Exchanges as Crypto Sell-Off Intensifies
11.9.2023
Crypto markets dropped sharply on Monday, with bitcoin’s price dipping below $25,000
Robinhood Ends Crypto Partnership with Jump Trading – What's Going On?
30.8.2023
Retail broker Robinhood has reportedly ended its crypto business relationship with market maker Jump Trading, and the regulatory environment in the US may be a reason.
In 2018, Robinhood Markets Inc. decided to add cryptocurrency trading - but it needed help to do so, given the major trading...
Robinhood and Jump Trading No Longer Have Crypto Partnership: Source
29.8.2023
The retail broker’s entry into crypto several years ago was powered by Jump Trading, which is a giant in traditional financial markets
The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet
22.8.2023
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest...
Jump Trading seeks to move Terra class action suit to California
13.6.2023
The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin
Jump Trading Allegedly Supported Terra Before It Collapsed, New SEC Filings Show
16.5.2023
A US regulator’s court filings confirm that Jump Trading secretly supported Terraform Labs — the company behind the failed algorithmic stablecoin — about a year before the company collapsed.
The Securities and Exchange Commission filed a document last week showing a contract between Terraform...
Alleged TerraUSD Price Manipulation Results in $1.3B Lawsuit Against Jump Trading
14.5.2023
Jump Trading has been sued for conspiring to manipulate the price of TerraUSD (UST) following the stablecoin’s unprecedented collapse.
New Jersey-based resident Taewoo Kim has filed the lawsuit on behalf of affected investors, alleging that Jump Trading acquired substantial quantities of UST...
Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
13.5.2023
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit
Top Market Makers Jane Street and Jump Crypto Pare Down US Crypto Operations Amid Regulatory Pressure
10.5.2023
Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure.
Jane Street is also scaling back its global crypto ambitions due to regulatory uncertainty, which makes it difficult for...
US Authorities Probe Jump Trading and Jane Street Conversations About TerraUSD Bailout
14.3.2023
The US Justice Department has probed the two major trading firms Jump Trading and Jane Street about plans for a potential bailout of the Terra network’s failed algorithmic stablecoin TerraUSD (UST).
According to Bloomberg report from Monday, prosecutors are now looking into group chat...
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
19.6.2022
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others...
Jump Trading makes equity investment in sports fan token ecosystem Chiliz
7.4.2021
Chicago-based high-frequency trading firm Jump Trading has made an equity investment in sports fan token platform Chiliz
Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator
24.12.2020
The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and...
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
22.11.2020
Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep...