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According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale
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Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday. Source
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Terraform Labs said that UST, Terra’s ill-fated “decentralized” stablecoin, would stay pegged to the price of $1 solely as a result of a state-of-the-art “algorithm.” That algorithm – which was codified in blockchain-based computer code called smart contracts – was supposed to print and burn Luna, UST’s speculative sister token,
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According to the complaint, from September 2017 through January 2018, Vista falsely advertised that it would trade customers’ digital assets and earn a 2.5% daily return or “double in just 80 days.” The company said it would trade customers’ bitcoin and ether using “Robot Traders” that the CFTC said it
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An investigative report has suggested that major cryptocurrency exchange Binance was behind transferring roughly $400 million in funds from a Binance.US account to a trading firm managed by Changpeng Zhao.According to a Feb. 16 Reuters report, an investigation of Binance’s banking records and company messages showed more than $400 million
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“Opera has over 11 million users, so they're huge, and the fact that they are a Web3 browser really enables us to jointly bring the power of digital identity to all of their users,” said Carter. “We believe that utility is greater than hype, and this enables us to bring
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Crypto trading firm Auros Global, a victim of crypto exchange FTX’s bankruptcy, has reached a resolution to restructure its distressed debt on blockchain-based lending protocol Maple Finance, its primary creditor, M11 Credit, said in a statement on Wednesday. Source
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Other participants in the funding round included Samsung Next, Quantstamp, ParaFi, Balaji Srinivasan (former CTO at Coinbase and Andreessen Horowitz general partner), venture investor Lluis Pedragosa, and Nimrod Lehavi (co-founder of on/off-ramp Simplex), among others. Source
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Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa that will see the partnership expand its footprint to 40 countries. Original Source
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