Finance and Business News

Voyager Digital, one of the most impacted companies in the cryptocurrency sector as a result of the bear market, would reportedly give its top 34 employees incentives totaling $1.6 million. These employees, according to the company, are a part of the accounting, legal, and IT infrastructure departments. A recent report claimed that the authorities had approved the […]

Popular cryptocurrency influencer Ben Armstrong, also known as “BitBoy Crypto,” has recently sued fellow YouTuber Erling Mengshoel Jr., also known as Atozy. The community doesn’t believe the former’s assertions that Atozy’s eight-month-old video titled “This Youtuber Scams His Fans… Bitboy Crypto” caused him major pain and harm to his business and reputation, in addition to […]

Alexey Pertsev, the developer of the Ethereum-based cryptocurrency mixer Tornado Cash that was sanctioned by the United States, will be required to spend a minimum of 90 days in jail, despite the fact that he has not yet been charged with a crime. The arrest of the developer working on Tornado Cash has caused fury and panic […]

Troubled cryptocurrency brokerage service provider Voyager Digital, which is presently going through bankruptcy proceedings, has petitioned the bankruptcy court to put an end to a lawsuit brought by investors against the company’s founder and CEO, Stephen Ehrlich, and the founder of the Dallas Mavericks, Mark Cuban. According to the report, the defense claims that Ehrlich […]

Crypto analytics and business intelligence firm Flipside Crypto has tapped Daphne Kwon, a media veteran, as head of its DAO initiatives. Building on the firm’s success in summoning MetricsDAO, Kwon will be responsible for scaling and expanding Flipside Crypto’s DAO strategy. She’ll resume her role effectively. Before her new role as General Manager, Kwon was […]

Despite not taking place until October 29, 2023, the next presidential election in Argentina has already caught the public’s interest. Javier Milei, a peculiar libertarian politician and economist who is considered to have a good chance of becoming the nation’s next leader, is embroiled in a cryptocurrency scandal. One of the promising candidates for the […]

Financial Transactions and Reports Analysis Centre (FINTRAC) recently gave the green light to the Hong Kong-based crypto exchange platform Huobi Tech to provide its services in the region. Huobi Tech has recently announced that its subsidiary Hbit Technologies Limited, has successfully obtained a Money Services Business (MSB) Registration License from FINTRAC. The new license marks a major […]

According to a recent report, the acquisition agreement between BlockFi and FTX.US has a baseline price of $15 million that could go up based on performance. Leading cryptocurrency exchange FTX.US has reportedly been in talks to acquire the crypto lender for as little as $15 million, as opposed to the previously estimated $240 million price tag. […]

Several domestic securities companies in South Korea have reportedly come forward to launch a virtual asset exchange in the first half of 2023. As per a report by NewPim, seven major domestic securities companies under the Financial Investment Association have decided to work together for the new crypto exchange. Moreover, they are reportedly seeking licensing […]

Recently, the European Central Bank (ECB) published a discussion paper outlining the advantages, disadvantages, and economies deploying central bank digital currency (CBDC). According to ECB, the government-powered digital currencies could help reduce the dominance of Big Financial technology firms due to “network externalities” in the use of an exchange medium. It reads: “CBDC may be […]

Do Kwon, the CEO of Terra, is apparently assembling his legal defense team in South Korea as the Terraform Labs investigations continue. Kwon recently submitted a letter of employment to the Seoul Southern District Prosecutors’ Office, according to a local report. According to recent claims made by the Terra developer, South Korean authorities have not […]

The Chief Executive Officer of the leading crypto exchange Kraken, Josse Powell recently questioned the constitutionality of the decision to ban Tornado Cash by the United States treasury Department. On Tuesday, during an interview with Bloomberg TV, Powell expressed opposition against the Department’s decision and doubted if the move will withstand judicial scrutiny. Tornado Cash, […]

According to reports, Richard Sharp, a former banker who has been serving as the chairman of BBC since February 2021, has invested in a crypto-related company started by a Russian oligarch via an offshore corporation. It’s interesting to note that the ongoing conflict between Russia and Ukraine led to oligarchs coming under sanctions now. A […]

Financial services company Galaxy Digital has recently decided to cut off its ties with the crypto custody provider BitGo.  According to a recent announcement by the company, it will no longer pursue its BitGo’s planned acquisition as the latter allegedly failed to deliver audited financial statements from the last year that were mentioned in the […]

Troubled crypto firm Zipmex has received a little over three months moratorium from the Singapore High Court after it announced that it was going bankrupt a few weeks ago. This decision was taken at a hearing held today. According to the conclusion of the Singapore High Court, the moratorium will be over by December 2nd.  […]

Canadian businessman and author Kevin O’Leary also known as Mr. Wonderful has issued a bold statement concerning crypto mixer Tornado Cash.  While speaking in a podcast during the weekend, the television presenter regarded Tornado Cash as one of those firms with a ‘Crypto Cowboys’ culture that deserves no place in the ecosystem. He believes that […]

When multiple crypto companies have lost their hopes and bowed to the ongoing crypto winter, pension funds across the North American continent remain bullish, the Wall Street Journal says. According to a report by WSJ, asset management company VanEck displays that mindset. Pension fund managers are planning on whether to increase their crypto investments or […]

According to the crypto price tracker CoinGecko, the industry’s tendencies have changed as a result of this year’s fall in the market for digital assets. Nigeria has emerged as the country with the greatest interest in cryptocurrencies worldwide, according to the company’s study. Other recent studies reveal that Nigerians’ interest in digital currencies is being fueled […]