Bankrupt crypto exchange FTX now has control of several blue-chip non-fungible tokens (NFTs), including Bored Ape, Azuki, Otherdeed, and Mutant Ape. Coinbase director Conor Grogan tweeted this on April 26, noting that Bored Apes NFTs and several others belonging to the bankrupt firm were transferred to its multi-signature wallet. Grogan…
Global banks continue to expand their cryptocurrency-related capabilities, with the British multinational bank Standard Chartered raising new funding for its crypto platform Zodia. Standard Chartered-backed crypto custody subsidiary Zodia Custody has raised $36 million in a new series A funding round, Bloomberg reported on April 27. Japanese financial conglomerate SBI…
In the last 24 hours, the cryptocurrency market cap saw net outflows of $10 billion and currently stands at $1.20 trillion — down 0.96% from $1.21 trillion. Bitcoin’s market cap rose 0.43 % to $563.18 billion during the period, while Ethereum’s market cap fell 1.24% to $227.40 billion. The top…
Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.” The crypto exchange has requested a federal court in San…
Singapore-based cryptocurrency exchange Bitrue said it experienced a technical glitch that affected XRP orders on its system on April 26. According to the crypto exchange, the issues occurred between 07:15 to 07:16 (UTC), leading to orders for XRP/USDT with incorrect prices and quantities. XRP flash crashes to 0 Several crypto…
Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question. Represented by a committee, creditors of Celsius Network have…
Bitcoin briefly climbed above $29,000 during early trading hours after experiencing high volatility that liquidated $178.78 million in the last 24 hours. False alarm triggers sell-off On April 26, the flagship digital asset had rallied toward $30,000 before suddenly dropping to around $27,200. The sudden price movement was fueled by…
Cameron Winklevoss, the co-founder and CEO of New York-headquartered crypto exchange Gemini, has accused United States regulators of perpetrating double standards in handling the First Republic Bank crisis. According to Winkelvoss, if First Republic had been a “crypto bank,” it would have been “assassinated weeks ago.” It is important to…
Hong Kong’s Securities and Futures Commission (SFC) will release guidance on the crypto licensing framework in May. Hong Kong’s SFC CEO, Julia Leung, disclosed this at an event reported by Bloomberg on April 27. According to her, there is an ongoing consultation process for the regulatory framework for crypto entities in…
The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s CEO, Julia Leung. The incoming guidelines will provide support to crypto trading platforms that will be able…