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” 3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange “ Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they…
” Bithumb ordered to pay outage damages to investors by South Korean court “ The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service…
” Alameda Research liquidators lost $72K during fund consolidation attempt “ The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed on Twitter that the liquidators lost $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while trying to consolidate…
” Bitcoin price rally over $21K prompts analysts to explore where BTC price might go next “ After Bitcoin (BTC) hit a yearly high of $21,095 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by…
” Crypto exchange Zipmex probed by Thai SEC amid buyout “ The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules. A Bloomberg report revealed that local authorities are looking into activities that they believe may violate business rules…
” Crypto exchanges need to start giving customers their keys “ The business model that cryptocurrency exchanges currently use relies on ignorance and fear. It relies on their customers not knowing much about decentralized finance (DeFi) and their fear of what could happen if they get things wrong with their crypto investments. Cryptocurrencies seem like…
” Flare (FLR) airdrops 15% of total supply to XRP holders before correcting by 76% “ The Flare (FLR) token airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (XRP) holders took place on Dec. 12, 2020. The FLR airdrop was distributed at a ratio of 1.0073 FLR per 1…
” Crypto service Tap Global becomes first 2023 listing on UK stock exchange “ UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a Jan. 10 press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital. The first #AQSE…
” Ex-Coinbase manager’s brother sentenced to 10 months in insider trading case “ The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency. As reported by Reuters, Nikhil Wahi…
” Remote work could redefine the global workforce for good “ As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows…