Cryptocurrency Analysis and News Portal
Tether CTO has rejected WSJ’s investigative report calling it a “clown article”. The report highlights the massive concentration of USDT control in the hands of a few.On Thursday, February 2, the Wall Street Journal published an investigative report highlighting the highly polarized distribution of USDT control by Tether founders. This
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A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate.In a Feb. 1 motion, Voyager creditor Michelle DiVita accused Voyager of having a “history of financial statement inaccuracies and public
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The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts.On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of "significant losses" due to liquidations, some of
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Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels. The price is trading above $20,200 and the 100 hourly simple moving average. There is a major bullish
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Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the
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Chinese billionaire and Alibaba founder, Jack Ma, will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure.Ant Group officially announced that Ma has agreed to give up control of Ant Group as part of the company’s further corporate governance optimization and
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Several Ant-linked firms experienced a notable increase in the value of their shares after a Ma organizational development. The shares of Ant-linked firms jumped Monday on news that Ant Group founder Jack Ma is ceding control of the fintech giant. The Hong Kong-listed shares of Ma’s Alibaba Group closed 8.7% higher, while the shares of
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Jack Ma’s giving up control has already pushed the timeline of the IPO launch for three years on Shanghai’s STAR Market.On Sunday, January 7, Chinese fintech giant Ant Group said that they have no plans for Initial Public Offering (IPO) after all the buzz around it for the last few
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