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Finance and Business News: Latest Updates and Analysis

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Ripple Announces Decision to Step Back on Acquiring Fortress Trust

Ripple Labs Inc recently had announced that it will not proceed with its planned acquisition of Fortress Trust

PayPal and Paxos Join Hands with Crypto.com: Details

Crypto.com has listed PayPal's PYUSD, making it available to retail and institutional users, adding that "trading features are coming soon."

Binance CEO Offers Help to Track Huobi’s Stolen Funds

Binance CEO has enlisted the assistance of his security team to aid in the pursuit of funds that were stolen from Huobi.

Celsius Network Creditors Vote in Favor of Reorganization Plan

As many as 98% of the creditors of bankrupt crypto lending giant, Celsius Network has voted in favor of re-organization plan

Bybit Suspends Services in the UK: Details

Bybit said that the withdrawal process will begin on Oct. 1, starting with the the stopping of new account applications and then on Oct. 8.

FTX Initiates Action Against Hong Kong Entity: Details

FTX is pursuing the recovery of $157.3 million, alleging that this sum was fraudulently withdrawn by the Hong Kong firm.

Bitmain to Invest $53.9M in Core Scientific’s Bitcoin Mining Business

Major Bitcoin mining machine manufacturer, Bitmain is set to invest as much as $53.9 million into Core Scientific

Mt Gox Adjusts Payment Deadline: Details

Customers of the now-defunct Japanese exchange, Mt Gox were reported to be eagerly awaiting the commencement of their repayment process.

Venmo to Introduce PayPal’s PYUSD into Platform

PayPal's portfolio startup, Venmo has declared its readiness to inboard the PYUSD stablecoin that debuted a few weeks ago

Stanford University to Return Millions of Dollars to FTX Estate

Prestigious institution, Stanford University has confirmed it will be returning as much as $5.5 million to bankrupt FTX

Celsius Network Creditors Receive Phishing Emails Amid Bankruptcy Proceedings Reach Final...

Celsius Network Creditors has been receiving phishing emails intended to scam them as the bankruptcy process nears its end

Former FTX Exec to Plead the Fifth: Details

Ryan Salame is likely to skip testifying regarding his involvement in crypto exchange FTX's accused illicit campaign donation scheme.

Bill to Target Illicit Crypto Activities Sees Green Light from the...

A bill designed to target unlawful cryptocurrency activities in the UK is set for approval by the House of Lords.

Prime Trust Files For Chapter 11 Bankruptcy Protection

Cryptocurrency custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware joining the like of FTX

Binance.US Hits New Trading Lows Amid Unprecedented Challenges

Binance.US, one of the most prominent crypto exchanges in the US, is currently experiencing a significant slump in trading activity

JPEX Exchange Halt its Earn Trading Product Amid Probes

JPEX Exchange has reportedly shut down some of its core trading operations after reports of investigation in Hong Kong

Binance U.S New CEO Norman Reed Has History With Ripple XRP

Newly appointed Binance U.S Chief Executive Officer (CEO) Norman Reed is rumored to have a connection with Ripple Labs

Gemini Lawyers Says DCG is Gaslighting Genesis Creditors

Crypto Exchange, Gemini Trust Company has made a startling allegation against Digital Currency Group (DCG) in recovery efforts

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