Singapore-based crypto firm Amber Group is all out to cut costs as it plans to end its $25 million sponsorship deal with Chelsea FC, lay off 40% of staff, and close its retail operations. Earlier in May 2022, Amber Group announced a partnership deal with Chelsea Football Club. The deal saw the trading firm display…
Sam Bankman-Fried (SBF) has spoken out following Binance founder Changpeng Zhao’s (CZ) public thread referring to Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” The feud continued following CZ’s recent allegations that CZ accused SBF of trying to depeg USDT through Alameda. It seems $15m not only changed @kevinolearytv’s mind about…
Coinbase is incentivizing its users to convert their Tether (USDT) holdings for USD Coin (USDC), according to a Dec. 8 blog post. Switch to a trusted stablecoin: USD Coin (USDC). Now convert Tether (USDT) to USDC with zero fees.https://t.co/OObSqNWdpj — Coinbase (@coinbase) December 8, 2022 According to the US-based exchange, recent events have shown that…
Canadian businessman and investor Kevin O’Leary revealed on Dec. 8 in an interview with CNBC that he lost all of the $15 million FTX paid him to represent the now-defunct crypto exchange. BREAKING ‼️Kevin O’Leary got paid $15 Million to be FTX spokesperson. That money belongs to FTX customers. 🤨 — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive)…
Binance Labs, the venture capital and innovation arm of Binance, has announced that it is leading private round II funding for GoPlus Security, a company that provides open, permissionless, user-driven security services for the Web3 environment. GoPlus’s multidimensional risk detection covers most major blockchain networks, making it a key player in the growing field of…
Jesse Powell Jesse Powell is an expert in virtual currencies, online/international payments and fraud, as well as co-founder and CEO of Kraken, one of the most trusted and largest Bitcoin exchanges in the world with number one EUR market share. Learn More Info LinkedIn Twitter
Crypto exchange crypto.com‘s CEO Kris Marszalek posted a thread on his Twitter account to acknowledge that more FUD targeting crypto.com is coming and that he had “nothing to hide.” Marszalek implied that the attackers focused on his failed business from 20 years ago to spread FUD about him and his current company. To address the…
The capital portfolio of the fallen quantitative cryptocurrency trading firm Alameda Capital was recently released by Financial Times, revealing some interesting investments. According to the spreadsheet, there are nearly 500 illiquid investments spread across ten holding companies in the portfolio of FTX/Alameda worth $5.4 billion. Source: Financial Times Two of the most significant investments were…
Gate.io, the cryptocurrency trading platform, has launched a $100 million industry liquidity support fund to help revive the crypto industry. The fund is open to all market makers, high-frequency trading institutions, high-quality listing projects, and other institutional clients or HNW individuals, including but not limited to Gate.io or other platforms from the industry. Gate has…
Binance CEO Changpeng ‘CZ’ Zhao addressed a number of allegedly ‘wrong narratives’ that have been circulating on social media in recent weeks. A list of wrong narratives I have seen recently. — CZ 🔶 Binance (@cz_binance) December 6, 2022 CZ addressed five specific “wrong narratives”: “CZ wants to be the savior of crypto” “FTX was…