Two AAX executives detained in Hong Kong
On December 23, Hong Kong police detained the founder of AAX crypto exchange, Thor Chan, and the former CEO, Liang Haoming. According to local media sources, the Hong Kong police detained two executives of the cryptocurrency exchange AAX on charges of fraud and misrepresenting the police. On December 23, police detained former AAX CEO Thor […]
Core Scientific gets interim nod for $37.4M bankruptcy loan
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures. A bankruptcy court in the United States has given Bitcoin (BTC $16,805) miner Core Scientific temporary permission to obtain a $37.5 million loan from current creditors to fund it in the midst of liquidity concerns. One of the […]
Crypto Exchange Bullish Terminates SPAC Merger Deal
Bullish has reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal for a listing on the New York Stock Exchange. Bullish, a cryptocurrency startup that gained notoriety in July 2021 for ostensibly not knowing what goods or services it was providing, has announced the cancellation of a deal intended […]
FTX Opposes BlockFi’s Claim to SBF’s Robinhood Shares
U.S. bankruptcy judge to stop BlockFi from laying claim to more than $440 million worth of Robinhood stock purchased by indicted FTX founder. The troubled cryptocurrency exchange FTX asked a bankruptcy judge in the US for help in preventing the crypto loan company BlockFi from seizing shares in Robinhood that its former CEO Sam Bankman-Fried […]
Cuban NFT artist blocked from Opensea to comply with sanctions
OpenSea, the world’s largest marketplace for NFT, said that it’s banning digital artists from all countries sanctioned by the United States. OpenSea, a nonfungible token (NFT) platform, has been prohibiting artists and collectors from Cuba, primarily due to US sanctions.30 artists and collectors have reportedly been barred from the well-known NFT marketplace up until this […]