Cryptocurrency Market

  • Market Cap: $3,702,680,411,451.33
  • 24h Vol: $315,425,139,653.18
  • BTC Dominance: 51.86%

ceo

vanguard’s-new-ceo-reaffirms-no-crypto-etfs-in-future-strategy

Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy

Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […]

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do-kwon’s-terraform-sent-$7-million-to-law-firm-before-collapse,-report-unveils

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils Read More »

bitcoin-miner-bitdeer-technologies-to-list-on-nasdaq-via-spac-deal

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari

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former-ftx-ceo-seeks-$10m-insurance-fund-for-legal-defense,-request-opposed-by-ftx-debtors-and-unsecured-creditors

Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured

Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors Read More »

do-kwon’s-extradition-likely-to-take-time,-montenegrin-prosecutor-says

Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says

A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility of him being handed over to other countries within the

Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says Read More »

first-citizens-bank-acquires-silicon-valley-bank,-costing-fdic-deposit-insurance-fund-an-estimated-$20b

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B Read More »

binance-sued-by-cftc-for-alleged-violations-of-trading-and-derivatives-rules

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim,

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules Read More »

terraform-labs-ceo-do-kwon-faces-extradition-to-south-korea

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found

Terraform Labs CEO Do Kwon Faces Extradition to South Korea Read More »

svb-financial-group-files-for-chapter-11-bankruptcy-protection-to-‘preserve’-firm’s-value

SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value

On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation (FDIC) placed it into receivership last week. 3

SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value Read More »

federal-investigators-probe-silicon-valley-bank-collapse;-svb-and-top-execs-sued-by-shareholders

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders Read More »