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Weekly overview

MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025. Business intelligence…

Continue ReadingMicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

OKX reimburses $3M to users after alleged market manipulation incident, Binance unveils AI generated NFTs and FTX Japan users made whole. Our weekly roundup of news from East Asia curates…

Continue Reading$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express

Binance ‘not planning any layoffs,’ 500 roles to be filled in H1

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs. Cryptocurrency exchange Binance is “not planning any layoffs” and is instead…

Continue ReadingBinance ‘not planning any layoffs,’ 500 roles to be filled in H1

FTX presentation shows ‘massive shortfall’ in firm’s assets

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO. Bankrupt cryptocurrency exchange FTX…

Continue ReadingFTX presentation shows ‘massive shortfall’ in firm’s assets

SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may not be up to snuff. United States Securities and Exchange…

Continue ReadingSEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted

UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

The banks join a growing list of financial institutions in the country tightening restrictions on digital assets. United Kingdom banks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases…

Continue ReadingUK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

Three United States senators have written a letter to the CEOs of Binance and Binance.US with a long list of objections to the companies’ perceived policies and actions. Three United…

Continue ReadingSen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets
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