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SEC Posts Sample Letter Regarding Crypto Asset Markets to Companies
The SEC issued a guideline mandating companies to disclose to investors their exposure to potential risk.The advice was released approximately a month after FTX declared…
Coinbase Trashes Tether’s USDT asking Clients to Switch to USDC
Coinbase urges users to ditch USDT.The exchange is offering USDT to USDC conversion without incurring a fee.The firm assets USDC is audited regularly. As concerns…
Kevin O’Leary Reveals He Got Paid $15 Million to be FTX Spokesperson
Shark Tank judge and Canadian entrepreneur Kevin O’Leary speaks about FTX’s demise.O’Leary was paid $15 million to be the spokesman of the now-defunct exchange.Post the…
Crypto Lender Genesis To Consult Advisors for Liquidity Strengthening
Genesis CEO told customers it may take weeks to resolve the withdrawal ban.The firm pledged to be transparent while consulting with highly experienced advisors for…
‘Among 320M Crypto Users, 40% Are Asians,’ Claims Huobi Research
Huobi Research releases the “Global Crypto Industry Overview and Trends 2022–2023 Annual Report.”The company analyzed the developments and losses of the crypto industry during 2022.The…
Galaxy Digital All Set To Acquire Custody Platform GK8 From Celsius
Galaxy Digital will be acquiring Celsius Network’s GK8 business.The acquisition was made at $44.1 million.$44 million is 60% lower than what Celsius paid to buy…
LBRY Files Motion To Limit the Remedies the SEC Can Seek
LBRY has filed a Motion to Limit the Remedies the SEC can seek against the company.The payment company failed to register its offer and sale…
Coffeezilla Grills Sam Bankman-Fried To Confess and Admit Fraud
Crypto detective riled up Bankman-Fried for a confession to fraud on Twitter Space.Bankman-Fried revealed that user assets became “fungible” during the collapse.Coffeezilla informed that “the…
BTC Might Reclaim Its Previous Support $16,900 Again, States Michael
CEO of Eight Global Michael states that BTC is consolidating at its previous support level.The Bollinger bands are contracting. Hence there could be less volatility.The…
Ethereum Whales Add $700 Million in ETH in Two Days
Ethereum investors added $700 million to market capitalization in just 2 days.Addresses holding 100 to 1M $ETH now own two-thirds of the market supply.Investors accumulated…
