Threads on Meta: Elon Musk and Dorsey Voice Criticism
Former Twitter CEO Elon Musk has criticized Meta’s Threads, which is likely to sue over deception allegations. Former Twitter CEO Elon Musk and co-founder Jack Dorsey have criticized the social media giant formerly known as Facebook’s new text-based app, Meta’s Threads. Musk is concerned about the control and monopolization of social media platforms, especially by […]
Bittrex May Still be Subject to Enforcement Action in Florida
The United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May, is being investigated by the Florida Office of Financial Regulation. Brandon Greenberg, assistant general counsel for the Florida Office of Financial Regulation (OFR), stated in a document filed on July 5 with the U.S. Bankruptcy Court for the District of […]
Binance halts Support for Multichain Cross-Chain Bridge Tokens
Binance has announced that it will suspend support for the deposit and withdrawal of tokens minted through the Multichain cross-chain bridge from July 7 until further notice. The move comes amid security concerns and operational issues with the bridging platform. Binance, one of the world’s largest cryptocurrency exchanges, has decided to stop supporting the deposit […]
Banq Goes Bankrupt Amid Parent Company’s Crisis
Banq, a crypto custodian Prime Trust subsidiary, has filed for bankruptcy in the Nevada District Court. Prime Trust, Banq’s parent company, is attempting to conclude an acquisition with BitGo after experiencing a financial crisis due to the Celsius bankruptcy. Banq also accuses its former executives of stealing its trade secrets and assets to launch rival NFT […]
Bittrex U.S. to Allow Withdrawals After Court Ruling
The U.S. arm of crypto exchange Bittrex is set to open for customer withdrawals Thursday following a ruling by a Delaware bankruptcy court. After receiving a lawsuit from the SEC for running an unregistered securities exchange, the exchange filed for Chapter 11 bankruptcy in May. On May 8, Bittrex filed for Chapter 11 bankruptcy protection […]