Search
Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’
20.1.2023
Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.
In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients
16.1.2023
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets...
Bitmex Co-Founder Criticizes Former FTX CEO for Not Liquidating Hedge Fund Alameda
14.1.2023
The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes insisted. “It doesn’t matter how they hedged...
Crypto Markets Today: Crypto Broker Genesis Asks for Clients’ Patience
5.1.2023
ALSO: Bitcoin rose and most other, major cryptocurrencies spent much of Wednesday in the green
Genesis tells clients it needs more time on financial woes after Gemini demands action
4.1.2023
Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet
Genesis-DCG Loan Leads to Class Action Arbitration Case from Gemini Clients
3.1.2023
Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers
25.12.2022
Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data and payment documents. Bill Restricts Russian...
Bahrain Telecom Operator Starts Accepting Crypto Payments
18.12.2022
Stc Bahrain, a subsidiary of the Bahrain telecoms operator Stc Group, recently said its partnership arrangement with payment service provider Eazy Financial Services has created an opening that allows clients to pay bills using crypto. According to a statement, the telecom operator’s move...
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,200 to Start the Weekend
17.12.2022
Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial...
Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients, S&P Futures Drop
16.12.2022
Bitcoin outperformed ether and BNB as Mazar's decision to suspend crypto audit work and Binance fears weighed over the crypto market
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
16.12.2022
Mazars other clients included Crypto.com and KuCoin
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...
AAX clients storm exchange's office in Lagos following operational halt
4.12.2022
A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media
Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report
3.12.2022
The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis
Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT
2.12.2022
Alameda Research bore the brunt of a $1 billion loss incurred by its sister firm FTX after a leveraged trade on the now bankrupt crypto exchange backfired early last year, the Financial Times reported Friday
BlockFi takes action to protect clients from FTX collapse
29.11.2022
It was the management team at BlockFi that was responsible for not wasting a single valuable moment and took the opportunity to create and implement alternate methods and measures so as to be able to effectively protect all of its clients from the adverse effects of the FTX bankruptcy and...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
28.11.2022
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings...
Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients
24.11.2022
The exchange will offer up to $10 million to institutional clients and market makers