Cryptocurrency

Binance CEO’s Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC

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[ad_1] Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance’s … Read more

Coinbase CEO Says the Crypto Exchange Has Been Always Transparent With US SEC

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[ad_1] Coinbase Global’s CEO Brian Armstrong said on Wednesday that the crypto exchange has a long history of being transparent with the US Securities and Exchange Commission. Armstrong was speaking in an interview with CNBC, a day after the company was sued by the US securities regulator on allegations it failed to register as an … Read more

Blockchain Is a Key Technology – a Computer Scientist Explains Why the Post-Crypto-Crash Future Is Bright

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[ad_1] People hear a lot about blockchain technology in relation to cryptocurrencies like bitcoin, which rely on blockchain systems to keep records of financial transactions between people and businesses. But a crash in public trust in cryptocurrencies like TerraUSD – and therefore a massive drop in their market value – doesn’t mean their underlying technology … Read more

Blockchain.com CEO Says US Debt Default Would Hit Cryptocurrencies Initially

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[ad_1] A US government default would trigger an initial pull-back from cryptocurrencies followed by a “push upward” the CEO of London-based crypto firm Blockchain.com said on Thursday. The US government could fall behind on its bills next month – and even default on its debt – if Congress does not raise a $31.4 trillion (roughly … Read more

FTX Seeks to Claw Back Over $240 Million From Embed Acquisition

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[ad_1] Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform.  FTX filed three lawsuits late Wednesday in US Bankruptcy Court in Delaware targeting former FTX … Read more

Binance Australia Says Deposits, Withdrawals Disrupted After Third-Party Payment Provider Cuts Off Service

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[ad_1] The Australian arm of Binance, the world’s largest cryptocurrency exchange, on Thursday said some local customers will be unable to deposit or withdraw money after a third-party payment provider cut off its service. Binance on social media said users are unable to make Australian dollar deposits by bank transfer with immediate effect. Withdrawals will … Read more

Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout

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[ad_1] Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager’s proposed liquidation plan at a court hearing in Manhattan on Wednesday, allowing the company … Read more