In a significant development for the long-standing Mt. Gox saga, the Rehabilitation Trustee, Nobuaki Kobayashi, has officially extended the deadline for repaying creditors to October 2024. This delay marks another twist in the turbulent history of the defunct Bitcoin exchange,
Vivek Ramaswamy has swiftly emerged as a figurehead for the crypto sector within the Grand Old Party (GOP) presidential race. A biotech entrepreneur by trade, Ramaswamy has cast himself in a new role: a crusader for crypto, promising sweeping changes
In the wake of a devastating $70 million security breach, the popular cryptocurrency exchange CoinEx is demonstrating a notable resurgence. A breach, which saw the compromise of its hot wallet keys, led to a suspension of crucial services, shaking the
Former Deutsche Bank investment banker Rashawn Russell, 27, has pleaded guilty to investment fraud. The ex-banker admitted to running a scam cryptocurrency trading operation that plundered $1.5 million from investors. As a result, he faces up to 30 years in
MicroStrategy and Tesla are among the expected beneficiaries of a rule change that will allow U.S. companies to count crypto gains on their balance sheets for the first time ever. Crypto proponents argue this makes ownership of crypto assets a
According to a recent report, Joseph Bankman and Barbara Fried, the parents of FTX founder Sam Bankman-Fried (SBF), are now facing legal action. Debtors of the now-bankrupt cryptocurrency exchange FTX allege that the couple illicitly pocketed millions. Filed on Sept.
Fintech firm Ant Group is selling its $100 million stake in A&T Capital as the Chinese firm ditches crypto to focus on AI. Apart from the increasing interest in AI from across the globe that might have excited Ant Group,
Genesis Global has officially announced the cessation of its trading operations. This comes after the crypto lender, an affiliate of Digital Currency Group (DCG), recently lodged a hefty lawsuit against its parent entity in a New York bankruptcy court. Once
Singapore’s central bank and regulatory authority, the Monetary Authority of Singapore (MAS), has dropped a bombshell on the global financial landscape. Significantly, Kyle Davies and Su Zhu, the duo behind Three Arrows Capital (3AC), have been handed a nine-year prohibition
PayPal’s cryptocurrency partner Paxos overpaid $510,750 for a transaction on the Bitcoin network. The so-called “fat finger” mistake, implying human error, is now thought to be a bug. The smoke clears A crypto payment blunder originally attributed to PayPal was
and then