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The co-founder of the crypto-focused VC firm Electric Capital, Avichal Garg, has warned investors over a potential disguised crypto scam.
The early-stage VC that raised $300 million for its third fund in September, is now being targeted by crypto scammers. According to Garg’s warning, the perpetrators are...
10 months ago
DCG has paid about $227.3 million to Genesis so far and plans to pay another $275 million it owes by April.
Digital Currency Group (DCG) and Genesis Global have reached a repayment plan to settle their lawsuit, according to a new bankruptcy filing. In September, Genesis filed a lawsuit ...
10 months ago
Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.
IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first &l...
10 months ago
Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated, with full services returning by next week.
Bitcoin deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post,...
10 months ago
The global cryptocurrency exchange and Web3 service provider launched a local exchange and Web3 wallet in Brazil as the country continues its competitive crypto streak.
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform.
10 months ago
HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said.
Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX ha...
10 months ago
The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot.
21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Ch...
10 months ago
Changpeng Zhao was set to return to the UAE, where his wife and children live, but a district judge stayed this part of his bond release for now.
Binance founder Changpeng "CZ" Zhao must remain in the U.S., at least for the moment, as a federal judge considers a U.S. Department of Justice motion that would require him to remain ...
10 months ago
Coinbase CEO Brian Armstrong told CNBC’s Joumanna Bercetche that the U.S. government’s enforcement action against Binance will allow the crypto industry to “turn the page.”
The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO ...
10 months ago
The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million.
A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals. According to local news reports on Nov. 27, Julia Le...
10 months ago
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