FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Filings Reveal
A loan from FTX last year saw BlockFi executives’ equity holdings wiped out by a total $800 million – in exchange for which they granted themselves pay rises of as much as $500,000 each, filings show.
Nebeus Crypto App Issues Debit Card
Nebeus, the Financial app for Crypto Hodlers, announced the launch of the first Nebeus Card backed by VISA, available all around European markets.
Ex-Coinbase Manager's Brother Sentenced to Prison in Crypto Insider Trading Case
A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.”
Judge Slams Senators’ Letter Against FTX Lawyers As ‘Inappropriate’
FTX’s bankruptcy judge has reportedly slammed the joint letter from four United States senators calling for an independent examiner in the FTX bankruptcy case.
Gary Gensler Finds New Audience for His Crypto Skepticism: The US Army
United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army.
What is a cryptocurrency ETF?
Crypto-ETFs make it easier for stock market investors, both institutional and retail, to invest in cryptocurrency.
Samsung Launches Bitcoin Futures ETF Amid Crypto Market Recovery
Samsung Asset Management announces plans to list the Bitcoin futures exchange-traded fund (ETF) on the Hong Kong stock market amid the rise in interest from retail and institutional investors in Hong Kong.
Uphold Exchange Denies Owing Millions to Failed Crypto Lender Cred
Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred. At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022. Cred was a crypto lending service that filed chapter 11 bankruptcy in November 2020. In June 2022, Cred’s liquidation trust filed an adversary complaint against Uphold and two affiliates. (Cointelegraph)
Binance Obtains Approval in Sweden to Fuel Europe Expansion
Binance, the world’s largest cryptocurrency exchange, has received regulatory approval from the Swedish Financial Supervisory Authority to operate as a financial institution to manage and trade in virtual currency, as part of the exchange’s continuing expansion in Europe. Binance said in a Wednesday statement that the latest registration means that Swedish residents can access the company’s crypto services, including euro deposits and withdrawals. (forkast)
