Crypto lender Nexo wants to sue Bulgaria after office raids
Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm. Go to Source Powered by WPeMatico
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Hodlnaut creditors reject the restructuring plan, prefer liquidation
Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash. Go to Source Powered by WPeMatico
Huobi and Solaris crypto-to-fiat debit card launches in the EU
The Visa-backed debit card will allow Huobi users in the European Economic Area (EEA) to pay from their crypto accounts at point of sale stations globally. Go to Source Powered by WPeMatico
Belarusian Fined $1 Million for Illegal Crypto Trading
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the … Read more
Winklevoss hits back against ‘super lame… manufactured parking ticket’
Tyler Winklevoess hit back at the SEC charging Gemini in a series of tweets on Jan. 12 calling the action “totally counterproductive.” Go to Source Powered by WPeMatico
Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports … Read more
Crypto Community unimpressed by SBF’s lengthy substack letter
In the letter, SBF denied stealing funds and stashing billions of dollars away. Go to Source Powered by WPeMatico
BIS economists suggest improving TradFi with CBDC to attract users away from crypto
The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests TradFi could get its house in better order too. Go to Source Powered by WPeMatico
Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale
Crypto broker Genesis allegedly owes $900 million to clients of cryptocurrency exchange Gemini alone. Go to Source Powered by WPeMatico
‘FTX was not crypto’ — DeFi Dad sets the record straight
Tune in to the third episode of Hashing It Out, where Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance with Fourth Revolution Capital investor, DeFi Dad. Go to Source Powered by WPeMatico