Cryptocurrency Analysis and News Portal
The legal teams representing Alameda Research, FTX US and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm’s ownership.In a March 19 filing with the United States Bankruptcy
Read More
Silicon Valley Bank UK (SVB UK) has granted millions of pounds in employee bonuses, just days after it was rescued by global banking giant HSBC for just 1 British pound, according to unnamed sources.In a March 18 Sky News report citing unnamed sources, it was reported that payouts to SVB
Read More
According to Bank of London co-founder and CEO Anthony Watson in a statement, the acquisition of Silicon Valley Bank SVB’s assets could be a unique opportunity to grow the banking sector in the United Kingdom. The defunct Silicon Valley Bank (SVB), a commercial bank headquartered in Santa Clara, California, has attracted
Read More
Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12. As per the statement, the purchase is an effort from a consortium of private equity firms:"A consortium of leading
Read More
Blockchain.com Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional investors. Shortly after, the crypto industry hit a rough patch, with asset prices falling rapidly following the bankruptcy of crypto lender Celsius Network, and continuing with the fall of multiple other prominent crypto firms. Source
Read More
The agreement could be closed as soon as March 31, though deals made by bankrupt companies are subject to close judicial scrutiny. The would-be buyer, Al Nawwar Investments RSC Limited, is ultimately owned by the government of Abu Dhabi, and already invests in Sequoia, the document said. Original Source
Read More
British tech giant Arm has decided on a US listing alone in 2023 as “the best way forward for the company”. SoftBank-owned semiconductor technology firm Arm recently announced its intent to pursue a US-only listing in 2023. On Friday, Arm ended speculation that it could conduct a primary or secondary
Read More
Binance rebranded its custody arm to Ceffu earlier this month. Source
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is operating and moving funds around on the blockchain after three of the company’s entities — Genesis Global HoldCo, Genesis Global Capital LLC and Genesis Asia Pacific Pte. — filed for Chapter 11 bankruptcy on Thursday.See related
Read More