Cryptocurrency Analysis and News Portal
Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the time of writing, down from $3.09
Read More
Millions of households in the UK are eyeing insolvency as the mortgage crisis in the country looms following the interest rate hike. The possibility of a “mortgage catastrophe” or crisis as predicted by Britain’s finance minister Jeremy Hunt has added pressure on the shoulders of the government. The British government is expected
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken official action by issuing a cease-and-desist order. This action was prompted by their identification of a substantial deficit in customer funds and a
Read More
Amid all the speculations, a lot of money has been flowing out of Gate.io. Its token (GT) has been hit hard and it has seen a significant decrease in its price. Full-service digital asset exchange Gate.io has promised to apply legal action in response to rumors regarding its bankruptcy that have
Read More
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested that New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force.According to a March 13 CNBC report, Frank — also a board member of Signature Bank — said the
Read More
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC's collateral was held at Silicon Valley Bank.However, not all of them had success during panic selling. One user paid over 2,000,000 USDC to
Read More
As the Silvergate crisis spreads across the broader market, investors have been shoring up stablecoins with USDT and USDC witnessing a surge in trading activity. Four months after the collapse of the crypto exchange FTX, yet another crisis-like situation has gripped the crypto market with fear and unrest amid
Read More
Potential buyers are interested in embattled crypto lender Hodlnaut following creditors’ preference for liquidation instead of restructuring. According to new reports, potential buyers are making inquiries regarding the purchase of embattled crypto lender, Hodlnaut. These various interested parties have reached out to the interim judicial managers overseeing the company following its
Read More
The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.In a Jan. 23 announcement, NYDFS superintendent Adrienne Harris said crypto firms and exchanges operating under a BitLicense — required in New York
Read More
Law firm Sullivan & Cromwell have contradicted themselves when they claim that shuttered crypto exchange FTX.US is insolvent, according to former CEO Sam Bankman-Fried (also known as “SBF”) in a January 17 blog post that was shared on Twitter.FTX US is solvent, as it always as been.https://t.co/XjcyYFsoU0 pic.twitter.com/kn9Wm9wxjl— SBF (@SBF_FTX)
Read More