Drawing on his Chinese origins, CZ has had to combat the wrong notion that the trading platform has any ties to the Chinese government. Binance co-founder and Chief Executive Officer, Changpeng ‘CZ’ Z...
Tag: Arm
Digital Currency Group Owes Genesis Trading Arm $575 Million by May
Digital Currency Group (DCG) CEO Barry Silbert recently shared a letter with investors illuminating the cryptocurrency conglomerate’s web of external and intercompany loans. Among them is a newly dis...
FTX Japanese Arm to Resume Withdrawals by Year-End
FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX, is planning to resume withdrawals by the end of this year, according to a report by a local media outlet that cited a statement fro...
Genesis’ Lending Arm Halted Withdrawals After Failing To Raise $1B
Exchange News Genesis said the 3AC debt “negatively impacted” the liquidity of its lending arm. The firm said it will have to halt withdrawals from its lending arm on Wednesday. According to a report ...
Cardano (ADA) Commercial Arm Unveils Plan To Launch Fiat-Backed Stablecoin Pegged to US Dollar
The commercial branch of the Cardano (ADA) blockchain is revealing plans to launch a new fiat-backed crypto asset pegged to the US Dollar. In a new announcement, EMURGO says that it is gearing up to l...
Genesis Suspending Client Withdrawals for Lending Arm Citing ‘FTX Impact’
On Wednesday morning, Genesis announced to clients that it would pause withdrawals from its lending arm, citing “unprecedented market turmoil” due to the now-bankrupt crypto exchange FTX. ...
Bitcoin Extends Losses as Genesis’s Lending Arm Halts Withdrawals
Alex Dovbnya Genesis has halted redemptions as well as new loan originations at its lending arm Prominent cryptocurrency firm Genesis has suspended customer withdrawals at its lending arm. Derar Islim...
Crypto Lending Arm of Genesis Suspends Withdrawals
8 hours ago | 2 mins read Defi News Genesis will go into further depth about its strategy with clients next week. Its derivatives division has around $175 million stashed up in its FTX trading account...
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to the ...
FBI Mulling SBF Extradition As Bahamas Arm Of Exchange Files For Bankruptcy
– Advertisement – The FBI is in talks with Bahamian authorities to extradite the 30-year-old crypto founder. According to a report by Daily Mail, the Federal Bureau of Investigation is pla...
The Long Arm of FTX
Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U.S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation ...
Vantage introduces institutional arm Vantage Connect for UK traders
Vantage, a supplier of multi-asset trading platforms with headquarters in Sydney, has introduced a new product called Vantage Connect. This product is aimed at an institutional arm and will provide li...
CySEC requested FTX’s European arm suspend operations prior to bankruptcy: Report
The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States requesting the exchange halt operations for its...
Genesis Trading says derivatives arm has $175 million locked up in FTX account
Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange’s ongoing collapse. “As part of our goal in providing transparency a...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
City of Busan Signs MoU with OKX’s Investment Arm to Spur Blockchain Growth
The City of Busan in South Korea has signed a Memorandum of Understanding (MoU) with OKX Blockdream Ventures, the investment arm of crypto exchange OKX, to enhance its blockchain sector. Per the anno...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
Fidelity’s Crypto Arm to Provide ‘Institutional Ethereum Capabilities’
Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the comp...
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
Grayscale Unveils New Bitcoin Mining-Focused Investment Arm – crypto.news
Grayscale Investments has announced the launch of Grayscale Digital Infrastructure Opportunities LLC (“GDIO”), which offers investors the potential to invest in Bitcoin mining hardware during the bear...
Microsoft venture arm M12 leads $20 million funding in Web3 data warehouse
Web3 and other technology businesses have contributed to a fundraising round for the data platform Space and Time, intending to turn centralized databases into trustless data sources that are driven b...
SoftBank Eyeing for Strategic Alliance between Chip Maker Arm and Samsung
The strategic partnership could help Samsung gain an edge in the non-memory chips market and close its gap with the Taiwan Semiconductor Co. On Thursday, September 22, SoftBank CEO Masayoshi Son said ...
Banking Giant With Nearly $450,000,000,000 in Assets Under Management Launches Crypto Venture Capital Arm
A Japanese banking giant is venturing into the world of digital assets by launching its very own crypto-focused venture capitalist arm. According to a recent company press release, Nomura Holdings, wh...
Nomura To Launch Crypto-Focused Venture Capital Arm
The investment company established itself 97 years ago The three financial companies are calling the exchange EDX Markets The new venture will be led by Jez Mohideen as CEO On Wednesday, the Jap...
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm – Coinotizia
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdi...
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm – Finance Bitcoin News
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdi...
SBI Group Crypto Arm Wins Singapore Securities License
The license will allow SBI Digital Markets to advise on corporate finance, dealing in capital markets products and provide custodial services MAS’ stance towards firms servicing institutional clients ...
FTX Investment Arm Buys 30% Stake in Anthony Scaramucci’s Skybridge Capital As Expansion Spree Continues
The investment arm of Samuel Bankman-Fried’s crypto derivatives exchange FTX is buying a sizeable stake in Anthony Scaramucci’s SkyBridge Capital. The former White House Communications Director reveal...
BingX Establishes A $10 Million Charity Arm, Reaching Out to Networks of Beneficiaries
Singapore, Singapore, 31st August, 2022, Chainwire BingX, the leading social trading exchange, announces the charitable arm with a fund of $10 millionfor humanitarian endeavors. Are you looking for fa...