The Electric Coin Company (ECC), the for-profit firm behind the ongoing development of Zcash (ZEC), has published its Q3 transparency report. Despite recording significant financial losses, the privacy coin developer’s report revealed that it has not laid off any employees. ECC’s management operated on a monthly deficit of around 30%...
Summary: BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday. The bankrupt crypto lender was instructed to pay its outstanding $30 million fine after reimbursing its debtors. BlockFi was fined $50 million by the SEC and...
Summary: A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX. Trading for locked assets like LUSD and LETH remain halted until 24 hours after the court issues a written order expected later this week a CoinFLEX statement said. According to a source familiar with the matter,...
Law enforcement agencies in Kenya reportedly raided Worldcoin's warehouse in Nairobi and seized documents and machines related to its biometric data collection.
A report published by the Block states that the crypto lender platform Hodlnaut is currently facing a financial deficit of $193 million The report further states that Hodlnaut had earlier invested funds in Terra’s failed stablecoin protocol UST Per a report published by the Block, the troubled crypto lender platform...
Canadian investment management firm CDPQ has written off its $200 million investment to Celsius network The firm had earlier invested its stake in Celsius in October 2022 Leading investment management firm for pension and other Government funds in Quebec, Caisse de Depot et Placement du Quebec, popularly referred to as...
Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies have teamed with CoinFLEX to launch a new crypto exchange that will allow users to trade their claims against bankrupt crypto firms.
FTX Pay is integrating with Reddit to permit users to unlock new crypto features. The integration will help users purchase ETH via supported Reddit apps to pay for their blockchain gas fees. The newest integration of Reddit with crypto exchange FTX’s payment and exchange infrastructure platform, FTX Pay, will permit...
Binance is reportedly exploring a plan to allow some of its institutional clients to keep their trading collateral at a bank instead of storing it on the trading platform.
Singapore-based Bitget claims that it is debt free. The crypto exchange's latest proof of reserves showed a total reserve ratio of 223% with over $1.4 billion in reserves.
