crypto firm

FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings

February 12, 2024 Bitcoin.com

Bankruptcy

FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to Coinlist for $500,000, court documents filed on Feb. 9, 2024 show. The latest motion, filed in the United States Bankruptcy Court for the District of Delaware, details the proposed sale in order to maximize the […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

May 16, 2023 Bitcoin.com

Bitcoin

On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally

January 24, 2023 Bitcoin.com

$35 Million

Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain adoption.” Quicknode Aims to Streamline Web2 to Web3 Movement With $60 […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

January 23, 2023 Bitcoin.com

accounting

On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

Crypto Payments Firm Wyre To Shut Down After Missing Out on $1,500,000,000 Deal: Report

January 4, 2023 The Daily Hodl

Axios

A crypto payments firm is reportedly shutting down after a massive $1.5 billion deal fell through. According to a new report by Axios, crypto payments company Wyre is shutting down after Bolt Financial, a software development firm, went back on its deal to acquire the platform. It isn’t clear whether Wyre’s shutting down is related […]

The post Crypto Payments Firm Wyre To Shut Down After Missing Out on $1,500,000,000 Deal: Report appeared first on The Daily Hodl.

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked

December 23, 2021 Bitcoin.com

2021

The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires Non-Custodial Staking Firm Staked On December 21, Kraken announced that it […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity

Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison

October 14, 2021 Bitcoin.com

bitcoin.com

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to […]

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LayerZero CEO confirms 100,000 wallets self-report Sybil activity