Cryptocurrency Analysis and News Portal
Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million amid volatility in the crypto market and instability in the banking sector. The firm also down-played suggestions that its valuation has plummeted
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The acquirer will tell the FDIC “what assets and liabilities from the failed bank it is willing to take,” the spokesperson said, citing the agency’s resolution handbook. The spokesperson also referred CryptoX to two joint statements published by the FDIC, Office of the Comptroller of the Currency and the Federal
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The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court Anatoly
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On March 10, the United States Securities and Exchange Commission ruled against a change that would allow investment manager VanEck to create a spot Bitcoin (BTC) trust. Commissioner Mark Uyeda joined his colleague Hester Peirce in releasing a statement criticizing the commission’s decision not to approve the listing and trading of
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Delays to the deal are costing the company $10 million per month, a Sunday court filing on behalf of Voyager said, expressing surprise at delays and evolutions in the SEC’s position on the matter, and urging a speedy resolution to the bankruptcy case. Original Source
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The CEO of Binance, Changpeng Zhao, has refuted claims that have spread widely on the Chinese social media giant WeChat that the FBI shot him. Zhao ‘working closely’ with the FBI, labels the rumors fake news WeChat users used a photoshopped Twitter account image of the New York Times Chinese branch to
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Visa is still committed to crypto partnerships and will also continue to improve fiat both on and off-ramp. A Tuesday Reuters report claimed that US payments giant Visa was halting its crypto push amid an industry meltdown. However, Visa has now debunked those claims. Reacting to the story via a Twitter
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The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System.The Fed announced its denial on Feb. 23 saying the Federal Reserve Board previously decided that Custodia’s application “was inconsistent with the required factors under the law.”@federalreserve
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The CEO of Composable Finance has vigorously refuted allegations of legal improprieties at his decentralized finance (DeFi) infrastructure platform, which was being aired by the firm's former CTO Karel Kubat. In a Feb. 20 Twitter post, Composable Finance's now-former CTO Karel Kubat announced he had stepped down from the firm. He also
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Binance CEO Changpeng Zhao has denied a report that the company is considering cutting ties with United States business partners. Binance has been the object of increasing scrutiny from U.S. regulators in recent weeks.Bloomberg reported on Feb. 17 that Binance Holdings “is looking at whether to sever ties with intermediary firms
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