10 hours ago | 2 mins read Exchange News As a result of the raid, NEXO has resorted to Twitter to elaborate. The company also claimed they went the additional mile to meet all applicable laws. The Rus...
Tag: Reportedly
Nexo offices reportedly raided by police in Bulgaria
Troubled cryptocurrency lender Nexo is facing more pressure from regulators, with its offices reportedly raided as part of an international investigation. A group of prosecutors, investigators and for...
Nexo offices in Bulgaria reportedly raided by police
Crypto lender Nexo has reportedly been raided by police in Bulgaria as part of a large-scale international investigation. On Thursday, January 12, a local news outlet reported that Nexo’s offices in S...
FTX reportedly recovers $5b in cash and digital assets
Crippled exchange FTX has reportedly recovered $5 billion from liquidation processes after the exchange filed for Chapter 11 Bankruptcy. The exchange reportedly had a net liability of more than $8 bil...
Questions Raised As Grayscale Reportedly Moved 21K BTC on Dec 31st
– Advertisement – Data suggests the asset manager sent 1K+ BTC to Coinbase. Grayscale Investments, an American digital asset manager and a Digital Currency Group (DCG) subsidiary, is repor...
Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanageme...
Microsoft Reportedly Planning To Acquire 49% Stake in ChatGPT
6 hours ago | 2 mins read Editors News The tech behemoth is prepared to spend more than $10 billion on the purchase. The proprietor of ChatGPT anticipates a $1 billion profit by 2024. Presently, ChatG...
Huobi’s Korean Division Reportedly Wants To Go Independent
9 hours ago | 2 mins read Exchange News The Korean proposal is an offer to purchase all of Huobi Global’s stakes in the company. Huobi Global’s founder, Leon Li, also has a majority stake in Huobi Kor...
TRON founder Justin Sun moves $100 million as Huobi reportedly lays off staff
TRON founder Justin Sun transferred stablecoins worth $100 million to crypto exchange Huobi following news that it was laying off employees. Huobi would lay off 20% of its staff, as per a report. TRON...
DCG Reportedly Under Investigations From US Prosecutors
Digital Currency Group (DCG) is now facing investigations from US authorities over its internal financial transactions, Bloomberg reported, citing people familiar with the matter. According to the rep...
OpenAI is reportedly raising funds at a $29 billion valuation—and its ChatGPT could challenge Google Search by getting wrapped into Microsoft Bing
OpenAI is reportedly on the verge of becoming one of the most valuable startups in the country—and Microsoft is counting on its ChatGPT chatbot to finally make Bing a worthy challenger to Google’s sea...
Crypto Broker Genesis Cuts 30% Of Staff, Reportedly Mulls Bankruptcy
Topline Yet another major cryptocurrency player is in serious danger of going under, as sources told the Wall Street Journal the embattled lender Genesis is weighing filing for bankruptcy, while the f...
Bed Bath & Beyond Reportedly Plans Bankruptcy As Meme Stock Crashes Amid ‘Substantial Doubt’ Business Can Continue
Topline Bed Bath & Beyond is reportedly preparing to file for bankruptcy in the coming weeks as the struggling brick-and-mortar retailer faces persistent economic challenges plaguing efforts to tu...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations – Bitcoin News
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acqui...
Amazon Reportedly to Fire 17,000 Employees Amid Economic Downturn
Editors News The worldwide spread of the Covid virus really helped the firm earlier. As of the third quarter of 2022, Amazon had 1.5 million employees. Amid growing economic uncertainty, Amazon froze ...
Huobi Global Reportedly Pressurizing Staff For Salary in Crypto
8 hours ago | 2 mins read Exchange News Workers are angry about this decision and have started protesting the company. Reports surfaced late last month claiming that Huobi was planning a huge layoff. ...
‘Hawkeye’ Actor Was Reportedly Helping Stranded Car At Time Of Accident
Topline Jeremy Renner was run over by his own snow plow after leaving the vehicle to assist a stranded car, according to the Reno Gazette Journal, as the Hawkeye actor is in critical condition in an i...
Ripple News: A Billion XRP Tokens Reportedly Released as 2023 Enters
The first day of 2023 brought news of activity within the crypto market potentially capable enough to bring a wave of joy within the XRP community. Whale Alert reported that escrow accounts released a...
SpaceX Reportedly Raises $750 Million In Fresh Funding At $137 Billion Valuation
Topline Elon Musk’s commercial rocket company SpaceX has raised $750 million in its latest funding round at a valuation of $137 billion, according to CNBC, at a tumultuous time for the billionaire fou...
Sam Bankman-Fried reportedly received 2mln raydium
According to reports, former CEO and founder of fallen crypto exchange FTX, Sam Bankman-Fried, acquired 2 million worth of raydium. However, the whitepaper stated that the investor tokens should be lo...
Binance reportedly finalizing acquisition Korean crypto exchange Gopax
Binance is reportedly taking the final steps in acquiring Korea-based crypto exchange Gopax. Binance is completing due diligence (DD) on the acquisition and finalizing the process, according to Decent...
Suspect Reportedly Wanted To Join Taliban—Here’s What We Know
Topline A man arrested for allegedly attacking three New York City police officers near Times Square on New Year’s Eve carried a diary describing his wish to die a martyr and his hope of joining...
Former FTX CEO SBF Will Reportedly Enter Not Guilty Plea Next Week
52 seconds ago | 2 mins read Exchange News SBF was extradited from the Bahamas and appeared in federal court in New York. The collapse of FTX and its sister company, Alameda, has sent shockwaves. Acco...
Huobi Reportedly To Lay Off Staff Amid Prolonged Bear Market
32 seconds ago | 2 mins read Exchange News Reportedly, the business plans to lay off between 600 and 800 workers. Furthermore, the exchange will no longer provide annual incentives. According to Chine...
Sam Bankman-Fried to reportedly plead not guilty to criminal charges
Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was...
Huobi Reportedly Plans Mass Layoffs and Salary Cuts
Popular cryptocurrency exchange Huobi will lay off a significant portion of its workforce and cut the salaries of senior employees, according to Chinese reporter Colin Wu. Last month, the exchange deb...
House Conservatives Reportedly Urge McCarthy To Form Biden-Focused Investigative Panel—Another Demand As McCarthy Vies For Speaker
Topline A coalition of House conservatives are ramping up calls for Rep. Kevin McCarthy (R-Calif.) to form a new committee to take up the various probes the GOP plans to launch into the Biden Administ...
China Reportedly Launching NFT Marketplace Under Government Oversight
2 hours ago | 2 mins read NFT News In China, NFTs are called digital collectibles instead of NFTs. Opinions on the metaverse and NFTs were divided throughout the nation. For the better part of two ye...
FTX founder reportedly cashes out $684K after being released on bail
FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests. SBF has cashed out $684,000 in crypto to an exchange ...