Wollito UAB

The VC fund will focus on “superior risk-adjusted returns without leverage.”

3AC Founders Launch Brand New VC Fund Tied To OPNX

Despite initially having almost no trading volume whatsoever, it seems that some have decided to entrust their funds to a company whose founders had already run their first significant venture a...

1 year ago

The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”

FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

On June 20 the court-appointed fee examiner, Katherine Stadler, filed a 47-page report on the fees charged by the law firms in the roughly three months following FTX’s Nov. 11 ba...

1 year ago

Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years.

Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk

The United Kingdom-registered address for an entity of one of the world’s largest crypto exchanges, Binance, is nothing but a tiny building in Britain’s east that is shared by thousa...

1 year ago

This comes after the Nigerian Securities and Exchange Commission released a circular stating the illegality of Binance Nigeria Limited in the country.

Binance sends cease and desist notice to fraudulent Nigerian entity

On Sunday, June 18, Zhao took to Twitter to make the announcement. On June 9, the Nigerian Securities and Exchange Commission (SEC) released a circular stating the illegality of B...

1 year ago

A District Judge ordered a separate trial for the Department of Justice’s charges against Sam Bankman-Fried, which were added following his extradition to the U.S.

FTX founder Sam Bankman-Fried now faces two criminal trials

The charge split comes as DOJ prosecutors requested a waiver from Bahamian authorities to try Bankman-Fried on the five additional charges they imposed after his extradition from the country.

1 year ago

United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise.

SEC and Binance US to negotiate deal avoiding total asset freeze

Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets. On June 14, ...

1 year ago

In the midst of market turmoil, whales have accumulated billions in Ethereum (ETH).

Ethereum Accumulation by Non-Exchange Whales Reaches $59.6 Billion in $ETH Amid Market Turmoil

As interest in self-custody and decentralized finance (DeFi) grows in the cryptocurrency space, the largest non-exchange Ethereum ($ETH) holders, colloquially known as whales, has been steadily ...

1 year ago

The approval has been seen as a small win for the United States crypto market and institutional investors.

Cboe Digital receives nod for margin trades on its crypto futures exchange

Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for Bitcoin (BTC)

1 year ago

United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.”

Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregul...

1 year ago