Prime Trust Faces Receivership As Nevada FID Seeks to Protect Consumers

Key Points: The Nevada FID has filed a petition to put Prime Trust under receivership due to financial difficulties. The company owes its customers $85,670,000 in fiat cash but only has $2,904,000, an...

Three Arrows Capital Founders In Legal Battle Over $1.3 Billion In Funds

Bloomberg has reported that liquidators responsible for the bankrupt hedge fund Three Arrows Capital (3AC) seek to recover approximately $1.3 billion in funds from the fund’s co-founders, Su Zhu and K...

Nevada regulator claims Prime Trust owes customers $85.7M in fiat alone

Nevada’s Financial Institutions Division moved to place Prime Trust into receivership, an designation of insolvency.  The crypto company sought receivership from the state’s enforcement agency after i...

Bank of England Says Upcoming CBDC System Won’t Share Personal Data With Authorities

The head of the Bank of England’s central bank digital currency (CBDC) project says their CBDC system won’t share its users’ personal data with the government. In a new podcast interview, Tom Mutton t...

Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration

The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Author...

Judge rejects SBF’s motions to dismiss criminal charges, citing lack of merit

A federal judge presiding over the case involving former FTX CEO Sam Bankman-Fried (SBF) has rejected the motions presented by his legal team, which aimed to dismiss all but three of the criminal char...

XRP Lawsuit Continues To See New Twists and Turns As Alderoty Reveals Ripple’s Benefits In SEC Case ⋆ ZyCrypto

Advertisement &nbsp &nbsp In a recent interview Stuart Alderoty, Ripple’s Chief Legal Officer, voiced his opinions about the timing of the lawsuit and the company’s dedication to defending the...

EDX Markets Seeks New Custody Partner, Ends Agreement With Paxos: Report

Key Points: EDX Markets ends partnership with Paxos, in talks with Anchorage Digital. The exchange focuses on non-custodial model aligns with criticism from SEC Chair. EDX Markets, the cryptocurrency ...

Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfine...

LDO struggles to rally despite Lido’s growth, more inside

Lido saw significant TVL growth aided by top layer 2 networks. LDO struggled to sustain a rally as exchange flows shifted gears in favor of the bears. The crypto market has seen a return of volatility...

EDX Markets reportedly drops Paxos as planned custodial partner

EDX Markets, a nascent crypto exchange supported by Charles Schwab, Fidelity, and Citadel Securities, has reportedly ended its intended association with Paxos and is nearing an agreement with Anchorag...

Riot Platforms Buys 33,280 Mining Gears for Whopping $162.9M

The purchase of the mining rigs is well ahead of Bitcoin’s next halving cycle. Unfortunately, the equipment isn’t scheduled to arrive until December. One of the prominent Bitcoin mining businesses, Ri...

Dubai’s Virtual Assets Regulatory Body Grants Bybit MVP License

45 mins ago | 2 mins read Exchange News Bybit CEO stated that the exchange is actively pursuing a full market product license. The firm was granted preliminary permission from VARA in April 2022. Duba...

Judge Rules Against Sam Bankman-Fried’s Motion to Dismiss Most Charges

United States Judge Lewis Kaplan from the District Court for the Southern District of New York has denied motions from former FTX Chief Executive Officer (CEO) Sam Bankman-Fried and his legal team to ...

What’s Next for LUNC Price Amid Current Uncertainty; $0.0001 or $0.000082?

Published 14 seconds ago Decoupling from the later June recovery in the crypto market, the LUNC price has been in a sideways trend for over three weeks. The daily candle showcasing short bodies with l...

Bankman-Fried’s Pretrial Motions Denied, Judge Rules Criminal Charges Stand

Key Points: Sam Bankman-Fried’s request to dismiss criminal charges against him was refused by a US court. Bankman-Fried faces 13 fraud and conspiracy charges, including wire fraud, bank fraud, operat...

Regulators in Japan and Singapore team up to explore digital asset tokenization, more

The Financial Services Authority (FSA) of Japan and the Monetary Authority of Singapore (MAS) have joined forces in Project Guardian, aimed at exploring the potential applications of digital technolog...

New Web3 ID app lets users find each other based on proven interests

A Web3 app launched on June 27 lets users prove their social credibility using blockchain technology, according to an announcement from the app’s development team. Called “Quivr,” it lets users connec...

Chibi Finance Executes $1 Million Rug Pull, CHIBI Falls By 100%

In what appears to be another rug pull in the decentralized finance (DeFi) space, the team behind Chibi Finance has absconded with more than $1 million worth of various assets. Following the protocol’...

SBF trial locked in for October after court rejects pre-trial motion to dismiss

The U.S. Southern District Court of New York rejected all pre-trial motions filed by FTX founder Sam Bankman-Fried (SBF) — including a motion to dismiss the case or “sever” certain charges. District J...

Bitfinex launches P2P platform in Venezuela, Argentina and Colombia

Bitfinex P2P will support buying and selling of Bitcoin, Ethereum and Tether tokens USDt and EURt. The company is looking to bolster financial freedom and inclusion across Latin America. Bitfinex comp...

FTX’s SBF Fails to Get Criminal Charges Dismissed

Alex Dovbnya Judge Lewis Kaplan has denied his motion to dismiss or sever most of the charges in his thirteen-count criminal indictment Sam Bankman-Fried, the founder of FTX.com and Alameda Research, ...

This is the Biggest Threat to Ripple’s XRP

Since the inception of Bitcoin, the cryptocurrency market has rapidly evolved, giving rise to a host of unique digital assets each purporting to offer something distinctive. Among them is XRP, a digit...

Cardano community concerned over Robinhood and Celsius selling ADA

Recent discourse in the Cardano community revolves around the potential significant liquidation of ADA by Robinhood and Celsius. In the Cardano ecosystem, a wave of concern is spreading over the possi...

Robinhood Lays Off 7% Personnel Amid Low Trading Volumes

Layoffs are being implemented to combat declining client engagement. In August 2022, the company trimmed its workforce by 23%. On June 26th, Robinhood Markets announced that they will be laying off ar...

Robinhood lays off 7% of workforce on same day as Cardano, Polygon, and Solana delisting

Robinhood is slashing about 7% of its full-time employees, marking the company’s third wave of layoffs in just over a year. The decision comes as the company faces dwindling customer trading activity ...

Yield Protocol declares full recovery from Euler hack, awaits user token exchange

Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the l...

DOGE: Price rejection favors sellers

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Waning volume saw DOGE’s bullish rally halted at ...

Huobi to Delist Tokens Trading With Justin Sun’s USDD

The cryptocurrency exchange Huobi has announced plans to delist ten trading pairs on Monday. But not just any tokens. Primarily, those trading with Justin Sun’s USDD will become unavailable as of June...

BLUR Up By 11% Following This Announcement

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement.  According to data by CoinMarketCap, BLUR has gained by 11.75% in the la...

Exciting: Bitfinex Launches P2P Platform For Latin American Users

Key Points: Bitfinex has launched a peer-to-peer (P2P) trading platform in Argentina, Colombia, and Venezuela for various cryptocurrencies. Customers can choose their preferred payment method and nati...

Disney (DIS) Is Now Available for Trading on LBank Exchange

Road Town, BVI, June 27th, 2023, Chainwire LBank Exchange, a global digital asset trading platform, listed Disney (DIS) on June 27, 2023. For all users of LBank Exchange, the DIS/USDT trading pair is ...