Tesla reported its Q3 2023 results, revealing that it has not made any changes to its Bitcoin holdings for the fifth consecutive quarter. The electric vehicle manufacturer currently holds $184 million worth of digital assets, a portion of the $1.5 billion worth of Bitcoin it acquired in March 2021. Despite not buying or selling any […]
Bitcoin ASIC manufacturing giant Bitmain has reportedly fired four employees for leaking salary information. The company cited the “illegal publication of the company’s announcement on salary release” as the reason for their dismissal. This comes after concerns were raised by Bitmain employees about salary arrears and unpaid bonuses due to cash flow issues. The company […]
On October 18, a new twist emerged in the alleged rug pull scandal involving social media platform Reddit. A crypto analyst claimed that several subreddit moderators were aware of the decision to shut down the Reddit Community Points (RCP) program and sold their RCP tokens, known as MOONs, just before the token’s value plummeted by […]
Accounting professor Peter Easton provided testimony in the trial of former FTX CEO Sam Bankman-Fried, shedding light on the commingling of funds between FTX and Alameda Research. Easton’s analysis revealed that Alameda used funds from FTX customers to invest in various ventures, resulting in a negative balance of $11.3 billion with FTX in June 2022. […]
Twitter, now known as X, is conducting a trial in New Zealand and the Philippines to combat bot activity on its platform. The trial, called “Not A Bot,” requires new users to verify their phone number and payment method by either paying to become a verified enterprise account, opting into a premium subscription, or paying […]
In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. French prosecutors initiated an investigation into Binance in June 2023, looking into allegations of money laundering and the operation of an unauthorized exchange. The raid occurred just days after Binance France President, David Prinçay, stated […]
BlackRock, a major financial firm, is making significant moves in the world of blockchain technology and digital assets, signaling a shift in traditional finance. The company has become the first major player on Wall Street to utilize JPMorgan’s blockchain-based collateral settlement system, a move that promises to make settlement processes more efficient and transparent. In […]
VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]
Binance.US, the American branch of cryptocurrency giant Binance, is seeking permission to file sensitive documents under seal in response to the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). The company argues that the SEC’s demands for document discovery and depositions are unreasonable. Filing under seal allows Binance.US to present confidential information in […]
Standard Chartered is taking a step-by-step approach to expanding its services globally, starting in Dubai. The bank’s presence in Asia, Africa, and the Middle East allows it to offer services worldwide through the Dubai International Financial Centre. As long as there is jurisdictional equivalence and the necessary licenses, Standard Chartered will onboard clients from other […]
