business – Page 25

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria

January 12, 2023 by DIGIT

According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving 300 investigators from various agencies, including the National Security Service, Gendarmerie, and Sofia Police. Bulgarian Law Enforcement … Read more

Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’

January 12, 2023 by DIGIT

The former FTX leader denied any involvement In regards to the allegations Alameda had used FTX customer funds, and said he was pressured into naming John Ray as CEO. Go to Source Powered by WPeMatico

China’s central bank includes digital yuan in report on currency circulation

January 11, 2023 by DIGIT

The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022. Go to Source Powered by WPeMatico

Binance approved to offer crypto services to Swedish customers

January 11, 2023 by DIGIT

The decision from Sweden’s financial authority followed regulators in France, Bahrain, Spain and Dubai granting similar approvals for Binance in 2022. Go to Source Powered by WPeMatico

Binance pushes back against report stablecoin isn’t fully backed

January 10, 2023 by DIGIT

The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” seemingly showing data in which the stablecoin was not fully backed at times. Go to Source Powered by WPeMatico

Cameron Winklevoss: ‘There is no path forward as long as Barry Silbert remains CEO of DCG’

January 10, 2023 by DIGIT

Recursive trades between Grayscale trust and the Three Arrows Capital hedge fund allegedly inflated assets and fees, according to open letter from the Gemini president. Go to Source Powered by WPeMatico

BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

January 9, 2023 by DIGIT

The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022. Go to Source Powered by WPeMatico

Binance joins association to address compliance with global sanctions

January 6, 2023 by DIGIT

The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran. Go to Source Powered by WPeMatico

Crypto lender Genesis lays off 30% more staff: Report

January 5, 2023 by DIGIT

Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role. Go to Source Powered by WPeMatico

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations

January 5, 2023 by DIGIT

According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting … Read more