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HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.
In a recent post on X (formerly Twitter), Sun claimed that HTX generated $202 million in revenues during the quarter, with expenses totaling $104 million. Despite the challenging marke...
10 months ago
The legal fight between Terraform Labs and Citadel Securities over the 2022 UST stablecoin issue presents a complicated situation filled with accusations, calling for a careful and unbiased review to find out what really happened.
Citadel Securities is caught up in a legal issue with Terraform Labs, connected to the 2022 instability of the stablecoin UST. In a strong response to Terraform’s legal request, ...
10 months ago
CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.
In early 2023, CoinFLEX CEO Mark Lamb was in search of a life rope. His Seychelles-based crypto exchange had just filed for restructuring, and a last-ditch attempt to save the com...
10 months ago
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed.
Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in US dollars. He further emphasized the bank’s commitment ...
10 months ago
Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings.
The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that ...
10 months ago
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year's market meltdown.
Pseudonymous Trader il Capo Of Crypto, known for predicting last year’s market crash, has squared off loss-making bearish bets in alternative cryptocurrencies. ...
10 months ago
BlackRock Settles SEC Charges Over Misleading Entertainment Industry Investments as Bitcoin ETF Approval Looms
The U.S. Securities and Exchange Commission today settled charges against BlackRock for "failing to accurately describe investments in the entertainment industry"—with the Wall S...
10 months ago
Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the recent rally in the crypto market is not solely driven by anticipation of a spot Bitcoin (BTC) ETF.
In a Tuesday essay titled "The Periphery," Hayes attributed the surge in the crypto market to the costs associated with hawkish U.S. foreign policy, particularly in relation ...
10 months ago
The price of Bitcoin surged on Monday to briefly touch $35,000 as excitement swelled over developments in the Bitcoin ETF space.
The price of Bitcoin broke through the $35,000 mark for the first time since May 2022, marking a staggering gain in the past 24 hours. The price of Bitcoin suddenly spiked upward ...
10 months ago
Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate.
Crypto exchange Coinbase has refuted rumors that it had imposed a $5,000-per-week limit on Bitcoin withdrawals after a user’s post claiming as such gained traction on social media.
10 months ago
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