FTX exchange is reportedly looking to acquire Robinhood
According to reports, FTX crypto derivatives exchange is considering acquiring the popular crypto trading application Robinhood. Bloomberg stated on Monday that FTX is holding internal discussions about whether to acquire Robinhood, citing people with knowledge of the situation. Although no choice has been made regarding a takeover, FTX is thought to be seriously considering it. […]
Compass Mining loses its facility after reportedly failing to pay power bill
Dynamics Mining shared a letter ending its hosting relationship with Compass Mining, citing unpaid costs as the reason for the termination Compass Mining, a provider of Bitcoin (BTC) mining hardware and hosting, has lost one of its Maine-based hosting facilities after the building’s owner, Dynamics Mining, canceled the two parties’ hosting agreement on the grounds […]
Harmony hacker moves stolen funds through Tornado Cash mixer
Harmony’s Horizon Bridge money has started to flow into the Tornado Cash Ethererum mixer, indicating that the hacker is not planning to take the $1 million bounty offered by Harmony. The Harmony team’s decision to conceal the illicit earnings provides an answer to the question of whether their offer of just 1% of the $100 […]
Stablecoin FUD debunked by Tether CTO as short-sellers circle
Tether CTO accused hedge funds of aiding the spread of FUD; fear, uncertainty, and doubt in order to buy the tokens at a much lower price. According to Paolo Ardoino, certain hedge funds are allegedly putting “billions” of dollars under pressure to “damage Tether liquidity” in order to later repurchase tokens at a much reduced […]
Tokenized bad debt and more yields are part of CoinFLEX recovery plan
CoinFLEX plans to dispose of bad debt through a new token offering in order to address its liquidity shortfall and resume user withdrawals. The new coin, Recovery Value USD (rvUSD), will have a $1 value per unit. It is intended to assist CoinFLEX in recouping $47 million in losses sustained by a failed attempt to […]