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” Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed “ Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange…
” Huobi Korea seeks to split from parent company, change its name: Report “ Local media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global cofounder Leon Li. Huobi Korean chairman…
” Crypto asset manager Osprey Funds lays off most of its staff: Report “ Digital asset manager Osprey Funds has reportedly laid off most of its staff since the summer, underscoring the ongoing operational challenges posed by crypto’s enduring bear market. Yahoo Finance reported on Jan. 9 that Osprey Funds is currently operating with fewer…
” Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market. “ There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hover below the $900 billion…
” New York-based bank exits crypto after tumultuous year “ The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed. For some, the happenings in the space proved unsustainable for business. The…
” Crypto billionaires’ subsequent deaths spark wild theories among the community “ The death of four crypto billionaires within a month has caught the crypto community’s attention. These deaths occurred under suspicious circumstances, and more importantly, some of these billionaires have raised alarms about being in danger. 4 crypto billionaires dead in the span of…
” Swyftx to chop its ‘Earn’ program this week, citing murky regulations “ Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country. From Jan. 10, the crypto exchange will cease to operate the “Earn” program, with users having their entire…
” FTX spent $40M on food, flights, and hotels in just 9 months: Court filings “ FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed. In bankruptcy court documents reviewed by Business Insider, FTX Digital Markets went…
” Digital Currency Group under investigation by U.S. authorities: Report “ Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice’s Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report. The authorities are digging into internal transfers between DCG…
” Wyre imposes up to a 90% withdrawal limit for all users “ Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit…