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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.

Justin Sun’s HTX Reports $98 Million Profit in Q3 2023, Forecasts Strong Performance for Q4

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...

11 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 accused by Terraform of acting in ‘bad faith’ over UST depeg incident

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, ...

11 months ago

The UK has advanced its crypto regulation with the Economic Crime and Corporate Transparency bill, intensifying crackdown on financial crimes while striving to maintain a crypto-friendly stance.

UK legislation on confiscating illegal crypto assets officially receives Royal Assent

The United Kingdom has made a significant stride in its battle against economic crime with the passage of the Economic Crime and Corporate Transparency bill today. Integratin...

11 months ago

Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36.

8 More Arrested in JPEX Scandal as Total Fraud Amount Exceeds $213 Million

The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in the alleged scam has ballooned up to 1.6 billi...

11 months ago

Asset manager Hashdex recently met with the U.S. SEC to address the regulator’s concerns over its application for a spot Bitcoin ETF.

Hashdex sits down with SEC over spot Bitcoin ETF application

Asset manager Hashdex recently held a meeting with the United States Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitco...

11 months ago

The crypto community on X is on edge over cryptic posts by Ripple’s chief technology officer and X itself.

Crypto speculations simmer after cryptic posts on X

The crypto community on X (formerly Twitter) has been thrown into a series of guessing games by a couple of cryptic posts. One of the posts was made by David Schwar...

11 months ago

SBF taking the stand in his criminal trial is “a very bad move,” as the FTX co-founder will be “skinned alive” by prosecutors, says Anthony Scaramucci.

Sam Bankman-Fried has no way to ‘outfox’ prosecutors: Scaramucci

Sam “SBF” Bankman-Fried will be no match for government prosecutors, who will poke holes in his defense when he takes the stand in his criminal trial, said SkyBridge Capital founder ...

11 months ago

MoonPay has announced a partnership with Mastercard, targeting Web3-based experiential marketing or new ways to connect with Mastercard’s consumers.

Mastercard partners with crypto payment firm MoonPay for Web3 services

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. MoonPay officially announced on ...

11 months ago

Bankrupt crypto exchange FTX wants to look into the millions it has given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war.

FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit artificial intelligence (AI) safety organization, the Cent...

11 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.

Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'

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...

11 months ago