FTX Crypto Exchange Sues KuCoin to $50M in Recover Assets
Alameda Research, the subsidiary of the bankrupt FTX crypto exchange, has initiated legal action against KuCoin in order to recover over $50 million in locked assets. The funds have been frozen by crypto exchange KuCoin since FTX’s collapse in November 2022, according to a filing from October 28. The complaint was submitted to the United […]
Just in: Binance Introduces Exchange Service For Wealth Managers
Binance has introduced an innovative crypto solution that will meet the crypto needs of wealth managers. The inaugural crypto exchange solution for wealth managers has been launched by the world’s largest crypto exchange by trading volume. This initiative will be comparable to conventional wealth management, per the exchange. This action could also reinforce the exchange’s […]
Joe Lubin Says Consensys Workforce to Reduce by 20%
Consensys CEO Joe Lubin has verified that the company’s restructuring plan will affect 162 permanent employees. Consensys , a blockchain development firm, has initiated a significant restructuring of its operations, resulting in a personnel reduction of over 20%. The move has affected 162 employees, according to Joe Lubin, the CEO of Consensys and co-founder of […]
Paxos CEO Says Stablecoins are Needed for US dollar’s Future
Paxos CEO emphasized the importance of stablecoins in enhancing banking efficiency and preserving the global dominance of the US dollar in an open letter to Donald Trump and Kamala Harris. Charles Cascarilla, Paxos CEO, has written an open letter to the top presidential candidates in the United States. The letter encourages them to adopt stablecoins […]
Gemini Exchange Gets Pre Approval in Singapore
Gemini crypto exchange has been granted in-principle approval for a Major Payment Institution license in Singapore. Gemini , a cryptocurrency exchange, has been granted preliminary sanction by Singapore’s central bank to provide certain services. The Monetary Authority of Singapore (MAS) granted in-principle approval to the crypto exchange for a Major Payment Institution (MPI) license on […]