FTX is set to demonstrate their vulture capitalism with the acquisition of BlockFi, a digital asset platform, for only $25 million. According to sources, if confirmed, investors will lose almost everything they had in BlockFi. A $350 million deal from
The says the best laid plans of mice and men often go awry, and that was certainly the case on Day 30 of the 2022 World Series of Poker (WSOP) at Bally’s and Paris Las Vegas. PokerNews had prepared to
FTX, one of the largest cryptocurrency exchanges, is set to acquire a stake in BlockFi. BlockFi is a cryptocurrency lending firm recently bailed out by Alameda Research after facing liquidity issues. FTX to acquire a stake in BlockFi A report
Coinbase has announced that it is phasing out the Coinbase Pro feature. Coinbase Pro will be discontinued by the exchange by the end of this year, according to the blog post published by Coinbase. Coinbase to phase out Pro feature
The UK government has announced plans to alter a proposal that required cryptocurrency firms to gather personal data from individuals who have unhosted wallets. The government had passed this proposal to deal with money laundering and terrorism financing done through
The lead investor at Celsius Network BnkToTheFuture, and the co-founder of the protocol Simon Dixon, have proposed a recovery plan for the Celsius Network. The two have proposed implementing the same recovery model adopted by Bitfinex following the 2016 hack.
Russia continues to hint at its commitment to becoming a leading cryptocurrency hub. The recent sanctions imposed on the country have led to government agencies looking for alternative ways they can interact with the crypto space to sustain the economy.
FTX, one of the largest cryptocurrency derivatives exchanges, is planning to enter the Canadian market. The exchange has announced a planned acquisition of the Bitvo exchange to support this move. FTX plans to acquire Bitvo FTX Trading Limited issued an
Former Vice President Mike Pence defended his role in refusing Donald Trump‘s demand that he send back votes in an interview on the same day the House January 6th committee played video of an aide who said Trump called him
Members of the House committee investigating Trump’s efforts to overturn his 2020 election defeat appear split on whether to refer former President Donald Trump and his associates for criminal prosecution over their role in planning January 6 riot at the U.S. Capitol. Members of the