Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads
The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance. Source
Read More
Global
‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange – Interview Bitcoin News
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused of defying the directive has succeeded
Read More
US State Regulators Investigating Crypto Trading Firm Genesis Global Capital: Barron’s
The report said that Alabama Securities Commission Director Joseph Borg indicated that his agency and several other states are involved in the investigations, which focus on whether Genesis and other companies persuaded residents of their states to invest in crypto securities without having the proper registrations. Borg did not name
Read More
Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors
"We've begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG," Genesis' interim CEO Derar Islim said in a memo sent to customers. "We expect to expand these conversations in the coming days," noting that Moelis was hired to fast track these talks. Source
Read More
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading – Interview Bitcoin News
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable brands that include Thomson Reuters, ComplyAdvantage, IBM, Mastercard, Deloitte, and KPMG to deliver innovative solutions to Virtual Asset
Read More
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
"In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG," Silbert wrote. "For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms. These loans were always structured
Read More
Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion
The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year. Source
Read More
Bankrupt crypto exchange FTX begins strategic review of global assets
As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders. FTX, at the time led by CEO Sam Bankman-Fried
Read More
Binance Puts Ronaldo NFTs in Spotlight With First-Ever Global Ad Campaign
While Binance did not directly address the situation with FTX, it offered a veiled barb at the failed exchange. "There are bad players in our industry, but it’s important to know that there are also creators and innovators, who are working hard to build valuable products and services in Web3,"
Read More
MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to ‘Ocean Blue’ – Press release Bitcoin News
press release PRESS RELEASE. As of September 2022, MEXC has finally reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18th of this year, MEXC will introduce a major brand color change to its global userbase to spread awareness for which it stands for.
Read More