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The UK banks increased the pressure on crypto companies following the collapse of Signature Bank and Silicon Valley Bank which affected the US. Crypto companies in the UK are facing multiple challenges while trying to get access to various services from banks, with their applications getting rejected and excess
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FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion in exorbitant management fees in violation of the
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Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain. American multinational financial services company Visa Inc (NYSE: V) is planning to keep its focus on the crypto
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Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said. Source
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A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.In orders filed with United States Bankruptcy Court in the Southern District of New York on Jan. 25, Judge Martin Glenn denied a motion from Rebecca
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The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging
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The Web3 space is growing rapidly, and new startups are emerging daily. Overall investment into Web3 projects skyrocketed to $30 billion in 2021 and $36 billion in 2022, even amid the market crisis. While many projects have good ideas and a strong value proposition to bring to the space, this
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