Wall Street Memes Launches on Multiple Tier-1 Exchanges, Airdrop Opportunity Available

Wall Street Memes (WSM) is a meme currency that has recently raised over $25 million in its presale funding round. The project is now preparing for its highly anticipated tier-1 launch on September 27th, which is expected to cause a surge in its price. WSM has gained fame as one of the largest meme currency […]

OKX Crypto Exchange Awaits Final Approval for VASP License in Hong Kong

OKX cryptocurrency exchange is in the final stages of acquiring a virtual asset service provider license (VASP) in Hong Kong. Li Zhikai, the global chief commercial officer of OKX, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start […]

Binance Executives Continue to Depart Amid Regulatory Scrutiny

Binance, one of the world’s leading cryptocurrency exchanges, has seen a number of key executives depart in recent weeks amid increasing regulatory scrutiny. Mayur Kamat, the head of product, has confirmed his departure after two years with the company. Kamat, who previously worked at Google and Agoda, was responsible for helping Binance grow from 80 […]

Solana Co-Creator Calls for Redistribution of SOL Tokens to FTX Customers

Anatoly Yakovenko, co-creator of Solana, has proposed a solution to the legal issues surrounding the collapse of FTX, a cryptocurrency exchange. Yakovenko has suggested that the 7 million SOL tokens held in FTX’s reserves be redistributed to the exchange’s former customers. This would not only provide compensation to those affected by the exchange’s bankruptcy, but […]

PayPal’s Stablecoin PYUSD Listed on Coinbase, Market Cap of Stablecoins Declines

PayPal’s stablecoin (PYUSD) has been listed on Coinbase, and other exchanges, after the likes of Kraken, ByBit, Huobi, and Crypto.com made it available for trading. Unfortunately, the last couple of months have been difficult for the asset class as the market cap of stablecoins declined for the 17th consecutive month. Tether’s USDT, Stellar’s (XLM), and […]

FTX Wallet Moves $10M in Digital Assets Amid Bankruptcy Proceedings

FTX, a bankrupt crypto exchange, has recently moved $10 million worth of digital assets from the Solana network to Ethereum, raising concerns that it could be the beginning of a series of token dumps. According to blockchain analytics platform Arkham Intelligence, the FTX wallet has transferred $6.23 million worth of Ether and more than $4 […]

CRYPTO LOSSES SURGE TO NEARLY $1B IN 2023: EXPLOITS, HACKS, AND SCAMS TO BLAME

Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]

FTX Executives Benefited from Pre-Collapse Transactions Revealed in Court Filing

FTX Debtors have recently revealed a series of financial statements that show any transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022. The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and […]