Category: Latest news

[ad_1] DeFi firm Ondo Finance launched a tokenized fund on Jan. 10 that allows stablecoin holders to invest in bonds and U.S. Treasuries. The firm offered three products: the U.S. Government Bond Fund (OUSG), Short-Term Investment Grade Bond Fund (OSTB), and High Yield Corporate Bond Fund (OHYG). These products are short-term US treasuries and bonds…

[ad_1] The biggest crypto-related sanctions by the U.S. Office of Foreign Assets Control (OFAC) in 2022 caused a significant dip in the potential revenue of illicit actors, Chainalysis found. The U.S. sanctioned a number of crypto-related individuals and entities last year for drug trafficking, money laundering, and ransomware activities. Chainalysis studied the impact of the…

[ad_1] Failed crypto exchange FTX disclosed the names of various shareholders and investors in a recent bankruptcy court filing dated Jan. 9. VC firms led funding rounds FTX carried out four rounds of fundraising between July 2021 and January 2022, labeled Series B, Series B-1, Series C, and Series A. Those fundraising rounds were largely…

[ad_1] Gemini has officially discontinued its interest-bearing product, Earn, according to an email sent to users on Jan. 10. Gemini says that it has terminated existing Master Loan Agreements with Genesis Global Capital — which provided the Earn program — on behalf of its customers. “This officially terminates the Earn Program,” the email reads. According…

[ad_1] Options market maker Group One purchased 13.5% of MicroStrategy’s share, according to a Jan. 10 SEC filing. The trading firm holds roughly 1.3 million shares of MicroStrategy. The filing did not state the amount the shares were purchased. Following the news, the Michael Saylor-led firm shares rose 8.57% to $190 as of press time. MicroStrategy’s…

[ad_1] Cryptocurrency exchange Crypto.com will delist USDT and USDT trading pairs on its app and platform for residents in Canada on Jan. 31 at 06:00 UTC, according to an email shared with the users of the jurisdiction. crypto dot com to delist USDT pic.twitter.com/3KD0gJlMkE — chortly (@charlestrussel) January 10, 2023 The firm has urged Canadian…

[ad_1] Investment firm Albright Capital has voluntarily dismissed its fraud charges against the failed Terraform Labs and its executives including Do Kwon. Following the historic Terra collapse in May 2022, Albright Capital, law firm Scott +Scott, Bragar Eagel & Squire independently filed class actions against Terraform Labs. Albright Capital in its lawsuit alleged that Terraform…

[ad_1] The brother of a former Coinbase manager, Nikhil Wahi, was sentenced to 10 months in prison on Jan. 10 for making trades based on confidential Coinbase information he acquired from his brother, Reuters reported. Nikhil Wahi is the brother of Coinbase’s former product manager Ishan Wahi. Prosecutors claimed that Ishan Wahi tipped his brother…

[ad_1] The biggest news in the cryptoverse on Jan. 10 saw Gemini co-founder Cameron Winklevoss accuse DCG CEO Barry Silbert of fraud and demand his removal — only to receive a rebuttal from DCG itself. Elsewhere, Binance liquidated more than $75 million of Shiba Inu tokens, Albright Capital dropped a lawsuit against Terraform Labs, and…

[ad_1] Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanagement led to Binance-peg BUSD being undercollateralized three times between 2020 and 2021, with collateral gaps exceeding $1 billion on each occasion, according…