As stated in a document by the regulator Australian Securities and Investments Commission (ASIC), the introduction of FTX in Australia around March 2022 was addressed internally by the regulator, with...
Tag: Concerns
TikTok CEO To Testify Before Congress Amid Growing Concerns Of Privacy, National Security, Child Exploitation
Topline TikTok Chief Executive Shou Zi Chew will testify before the U.S. Energy and Commerce Committee in March, Committee Chair Cathy McMorris Rodgers (R-Wash.) said Monday, as the social media app f...
Australian Financial Watchdog Raised Concerns Months Before FTX Fall
3 hours ago | 2 mins read Exchange News ASIC was worried about FTX Australia’s operations after it was granted a license. The regulator sent a Section 912C notice to FTX in first month of operations. ...
Australia’s ASIC aired concerns about FTX ‘eight months’ before its collapse
Australia’s financial regulator raised concerns about FTX’s local subsidiary up to eight months before the exchange’s collapse Approx. 30,000 Australian customers and 132 businesses are owed money or ...
Aussie regulator flagged concerns about FTX months before collapse: Report
Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as long as eight months before the exchange met its untimely end in November. According to documents o...
Allnodes Responds to Terra Classic Concerns, Launches Non-Custodial Node Management
Concerns remain that the latest feature does not address the plight of existing customers. Allnodes has announced a non-custodial node management service directly available for all Cosmos chains. Acco...
BUSD Sees Sharp Fall Amidst Solvency And Mismanagement Concerns
Binance’s BUSD stablecoin has seen a sharp fall in market capitalization, as its circulating supply dropped to $15.4 billion on Wednesday. The BUSD stablecoin has dropped around $1 billion over the p...
Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns ⋆ ZyCrypto
Advertisement     A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance custo...
Zomato share price implodes amid lingering concerns
Food delivery stocks are still struggling as concerns about their business model, profitability, and competition remain. In India, Zomato (ZOMATO) share price plunged by more than 10% on Wednesday, br...
IMF blog post highlights concerns on crypto
The IMF has published a blog post laying out its view on the perceived risks that crypto poses for the global financial system. The IMF has warned time and time again of the dangers that the cryptocur...
Bybit Founder Addresses Concerns Over Firm’s $151M Exposure to Bankrupt Genesis
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt crypto lender Genesis Global Capital. According to court f...
Algorand [ALGO] registers an increase in TVL, but concerns still remain
Algorand’s TVL increased by 137% in the last seven days. Market indicators and a few metrics looked bearish. Algorand [ALGO] flashed in the headlines because of its latest achievement. DeFiLlama revea...
Justin Sun’s Woes Continue as USDD Depeg Sparks Huobi Concerns
As stablecoin USDD continues to trade below its peg, Justin Sun’s Huobi Global is suffering the consequences. The crypto exchange has lost 18% of its market share volume since 2020 and faces an ...
Senators voice concerns over law firm’s role in FTX bankruptcy
Four lawmakers lambasted a prominent law firm’s role in FTX’s bankruptcy proceedings and called for an independent examiner to oversee the investigation into the crypto exchange’s collapse. Sen...
US commercial bank closes crypto service over regulatory concerns
Metropolitan Commercial Bank has announced that it will be closing down its crypto business due to the regulatory environment. Uncertainty for banks The New York-based bank, which has been offering cr...
Huobi users fear solvency concerns amidst high layoffs & withdrawals
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is repor...
SEC Raises Concerns Over Binance’s Latest Acquisition
The acquisition of Voyager Digital leads Binance.US to more regulatory scrutiny, and possible review by US regulators. In a filing sent to the court, the United States Securities and Exchange Commissi...
KuCoin Discloses Reason for Undelegating 48B LUNC Amid Raised Concerns
– Advertisement – The exchange noted that it had undelegated the tokens due to a switch in the pledge node of its financial account. Seychelles-based crypto exchange KuCoin recently disclo...
Walgreens may have overstated theft concerns, CFO says
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A top Walgreens executive on Thursday ...
Glencore share price dived amid ESG concerns: buy the dip?
Glencore (LON: GLEN) share price has had a difficult start to 2023 as concerns about the company’s ESG credentials rose. The blue-chip mining stock plunged to a low of 503.3p, which was the lowest lev...
Binance’s Voyager Deal Under Scrutiny Due to Security Concerns
Alex Dovbnya The committee has the authority to potentially block the deal if it deems such a transaction harmful to US interests In a recently filed notice, the U.S. has indicated that Binance’...
Solana price bleeds amid SOL-FTX association concerns
The value of the decentralized finance (DeFi) token Solana (SOL) continues to slump amid concerns over the network’s close association with the now-collapsed FTX cryptocurrency exchange. Notably, the ...
Dow ends over 350 points lower as investors weigh housing data, 2023 recession concerns
U.S. stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. How stock indexes trade...
Alameda Wallets Send $1.5M to ChangeNow and Binance, Raising Concerns
– Advertisement – The wallets associated with the trading firm swapped several ERC-20 tokens to USDT and ETH before transferring the assets to ChangeNow, FixedFloat, and Binance. Bankrupt ...
Oil books biggest weekly gain since October as concerns rise over Russia supplies
Oil futures rose Friday, booking strong weekly gains, as concerns grew about a drop in Russian exports following the imposition of a price cap by G7 countries earlier this month. Russia’s deputy prime...
Genesis and DCG seek asset recovery amid financial concerns.
Cameron Winklevoss, a co-founder of Gemini, claims that the global investment bank Houlihan Lokey has developed a strategy to address the liquidity concerns that have been plaguing Genesis and its...
Deribit Transfers 10,000 Ethereum to FTX Trading Arm, Raising Concerns
– Advertisement – The latest Ethereum (ETH) transfers from Deribit to Alameda Research occurred today, involving 2,000 ETH. Bankrupt firm Alameda Research, the trading arm of the FTX exch...
Tesla stock concerns go beyond Elon Musk multitasking at Twitter: Analyst
There are more reasons behind Tesla’s (TSLA) plunging stock price than Elon Musk’s focus on Twitter, according to Wells Fargo auto analyst Colin Langan. “It’s very concerning a...
Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report
Jo Johnson, the brother of former United Kingdom Prime Minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a Telegraph report. According to the re...
$5,000,000,000 in Crypto Exits Binance in 48 Hours As Solvency Concerns Grow: Analytics Firm
Binance, the world’s largest crypto exchange by volume, is being tested by a wave of large outflows as traders seek to withdraw their coins. According to crypto insights firm Delphi Digital, Binance s...