In an earlier press release, the FTX’s future team claimed in an open resignation letter that they could not complete their work or handle grants and had “fundamental questions” regarding the reliabil...
Tag: Cites
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause – News Bitcoin News
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this dec...
Binance Backs Out of FTX Acquisition, Cites Crypto Exchange’s Balance Sheet and Pending US Investigations
Global crypto giant Binance says it’s decided not to acquire the embattled digital asset exchange FTX. In a series of tweets, Binance lays out its reasoning for rapidly deciding not to pursue the deal...
Jeremy Hogan Cites Superior Edge Ripple Has So Far in Case
According to Jeremy Hogan, there are increasing chances of Ripple prevailing over SEC in the summary judgment. Hogan said that the SEC’s sole evidence is statements from Ripple and a handful of ...
Crypto Exchange Binance Dumping All FTX Tokens on Its Books — CEO Cites ‘Recent Revelations’ – Altcoins Bitcoin News
Binance is dumping all of its FTX token (FTT) holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move ag...
US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’ – Economics Bitcoin News
Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” s...
Hashed CEO Cites Mental Stress as Reason for Missing National Assembly Meeting in Terra Investigation
Kim Seo-Joon, head of South Korean venture capital (VC) firm Hashed, who was selected to join the National Assembly Political Affairs Committee to investigate the collapse of the Terra (LUNA) blockcha...
Three Aussie crypto funds halted as regulator cites non-compliance
Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinatio...
Luna Foundation Guard postpones compensation efforts, cites ‘ongoing and threatened litigation’
Since the collapse of the TerraUSD, the algorithmic stablecoin that catastrophically lost parity with the U.S. dollar earlier this year, the Luna Foundation Guard (LFG) maintained it would follow thro...
Fed Chair Bats For DeFi Regulation, Cites “Structural Issues”
Acknowledging that DeFi would soon expand into the retail space, the Federal Reserve Chair, Jerome Powell, called for the regulation of DeFi. However, he stated that the regulation should be made car...
Coinbase CEO Vows to Fight for Crypto’s Success, Cites Dangers of U.S. Crypto Regulation ⋆ ZyCrypto
Advertisement     Brian Armstrong, the CEO and co-founder of cryptocurrency exchange Coinbase, has promised to fight to ensure that crypto succeeds in the U.S. while s...
Solana Sees Meteoric Growth Against ADA, ETH Even As Founder Cites ‘Curse’ Following Network Outages ⋆ ZyCrypto
Advertisement     Solana’s founder concedes that frequent network outages have been its bane over the last 12 months. The network has suffered at least seven different...
Morningstar Cites Three Attractive Dividend Stocks
With inflation roaring and the stock market slumping, now may be a good time to consider dividend stocks. Strong dividend stocks provide a reliable stream of income along with the potential for capita...
Poolin Mining Pool Freezes BTC and ETH Withdrawals, Cites Liquidity Issues
Is this the beginning of the end for Poolin? Or is the mining pool just powering through some minor problems? The Beijing-based company recently announced, “Poolin Wallet is currently facing some liqu...
Elon Musk Cites Whistleblower To End $44 Billion Twitter Deal
Elon Musk, the world’s richest man and Tesla Chief submitted another deal termination notice to Twitter Inc. However, this time Musk cited whistleblower as a new reason to end this $44 billion with th...
Another ‘Fantastic Four’ Casting Rumor Cites The Same Potential Actor For Reed Richards
Reed Richards Marvel Disney has just announced the director of Fantastic Four, WandaVision’s Matt Shakman. Now all that’s left is to reveal the cast, which will be the central quartet and likely Docto...
Crypto Exchange Giant Binance Restricts $1,000,000 Corporate Account, Cites Law Enforcement Request
The world’s largest crypto exchange by trading volume is restricting a corporate account with over $1 million in virtual assets due to a request by law enforcement. Digital assets exchange giant Binan...
Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. ...
Kanye West Goes Full ‘Zoolander,’ Cites The Homeless As ‘Biggest Inspiration’
Kanye West attends the Fast Company Innovation Festival – Day 3 Arrivals on November 07, 2019 in New … [+] York City. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for ...
SEC Cites Ripple Token Concentration; XRP Lawyer Says Not To Rely On It
Ripple and the U.S. Securities and Exchange Commission (SEC) have been engaged in a long running legal battle. However, in order to protect the infamous Ethereum speech, the commission cited blockchai...
XRP Lawyer Calls Out SEC For Selective Enforcement; Cites Japanese Bank Case
Japan based bank launched a new program in order to reward its new and existing customers which turns out to be a big win for Ripple’s XRP. However, XRP’s lawyer has mocked the U.S. SEC stating its cl...
Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally – Bitcoin News
On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen with...
Robinhood Axes 23% of Staff, Cites “Broad Crypto Market Crash”
Share this article Robinhood CEO Vlad Tenev said the layoffs were concentrated in its operations, marketing, and program management departments. Another Robinhood Staff Cut Robinhood is letting go o...
Molson Coors stock falls, company cites split in beer spending
A bottle of Molson Coors Brewing Co. Blue Moon brand beer Tiffany Hagler-Geard | Bloomberg | Getty Images Molson Coors Beverage is seeing a split emerge among its customers as inflation hits their wal...
CEO of Silvergate Bank Remains Bullish on Bitcoin Lending but Cites Short-Term Pain for Crypto
Silvergate Bank CEO said that their Bitcoin lending continues to grow strongly while referring to the recent market volatility as a good stress test. Last week, Bitcoin and the broader cryptocurrency ...
SEC Cites These Reasons To Revoke XRP Holders’ “Amici Status”
The U.S. Securities and Exchange Commission (SEC) has been trying hard to keep XRP holders out of the Ripple lawsuit. To hold its ground, the watchdog asked the judge to revoke the amici status citing...
Coinbase Cites Bear Market for Suspending Affiliate Program With Influencers: Report
As it continues to draw down on spending, Coinbase is “temporarily shutting down” its U.S. affiliate marketing program, according to Business Insider. Influencers part of the program aimed at acquirin...
Flowcarbon Suspends Token Rollout, Cites Market Instability
Adam Neumann’s Flowcarbon has been forced to halt operations and rollouts of new products amid the current crypto bear market. The company that stores carbon credits on the blockchain is waiting for t...
3AC founders in hiding, offices abandoned as court filing cites fear that assets may be “disposed of”
A filing in the United States Bankruptcy Court of the Southern District of New York states that the liquidators of Three Arrows Capital have been unable to communicate with the founders “in any meanin...
Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability
The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater integration into the traditional finance system. The Financial Stability Repor...
CFTC Cites $1.7 Billion MLM In Its ‘Largest Fraud Scheme Case Involving Bitcoin’
The Commodity Futures Trading Commission filed a lawsuit today against Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI), charging them with fraud and registratio...
Compass Mining CEO and CFO resign as company cites ‘multiple setbacks and disappointments’
Compass Mining CEO Whit Gibbs and CFO Jodie Fisher have resigned from their positions. The company addressed “multiple setbacks and disappointments” getting in the way of its ultimate miss...