Business
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity ...
Business
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this ...
Business
Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on ...
Business
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with ...
Business
Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report
Cryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) ...
Business
Fidelity Investments Launching Commission-Free Retail Crypto Trading for Bitcoin and Ether
Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that ...
Business
Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator
The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move ...
Business
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion ...
Business
Mercado Pago Launches Cryptocurrency Trading Services in Mexico
Mercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cryptocurrency trading services in Mexico. ...
Business
After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that ...