Gemini Under Investigation Over FDIC Accusations
The New York Department of Financial Services (NYDFS) is investigating crypto exchange Gemini over claims over its claims related to FDIC. Users of Gemini Earn are due a total of $765.9 million by the insolvent Genesis. Some of these users contend that the crypto firm misled them because they thought their funds were insured by […]
Huobi Crypto exchange to lay off 20% of staff
Cryptocurrency exchange Huobi Global has announced that it will let go of almost 20% of its workforce. Huobi Global which employed over 1,600 people in October 2022, has claimed that the volatility and unpredictability of the cryptocurrency market have forced it to scale back in order to maintain its ability to operate profitably. A Huobi […]
Binance Blocks Some Accounts Amid Bitzlato Case
According to Binance, 90% of the suspended crypto accounts brought on by Bitzlato investigation have already been unblocked. In connection with the Bitzlato investigation, cryptocurrency exchange Binance has been quietly closing down a number of accounts on the platform. Several Russian-speaking Binance customers complained about blocked accounts and being unable to withdraw money from the […]
Meta Wins Ruling Against FTC In Metaverse Acquisition Plan
A federal judge in the United States has given the go-ahead for tech giant Meta to proceed with the acquisition of a virtual reality company. Judge Edward Davila of the U.S. District Court for the Northern District of California rejected the Federal Trade Commission (FTC) request for an injunction to prevent Meta from acquiring VR […]
Binance partners with MasterCard to launch prepaid card in Brazil
Binance and Mastercard have launched a prepaid rewards card in Brazil that will allow customers to make everyday purchases with crypto. The action is a part of Binance’s overall strategy to develop the cryptocurrency market and broaden the use of digital assets. Binance and Mastercard intend to introduce a prepaid card in Brazil. Brazil is […]