Blockchain.com’s latest funding round has reportedly cut its valuation by more than half. The cryptocurrency exchange announced Tuesday (Nov. 14) that it had raised $110 million in a Series E round led by Kingsway Capital. A report by Bloomberg News citing a source familiar with the matter says the new...
Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now focus on returning assets to its customers, Reuters reported on Tuesday (Oct. 24). This decision comes 11 months after the company faced...
Voyager Digital co-founder Stephen Ehrlich is reportedly facing potential enforcement action from U.S. regulators following investigations into the conduct of the bankrupt crypto lender. Staff in the Commodity Futures Trading Commission (CFTC) enforcement division have concluded that Ehrlich broke derivatives regulations by misleading customers about the safety of...
It may be the equivalent of a digital fire sale. Non-fungible tokens (NFTs) have seen volatility similar to that in bitcoin and other digital holdings. Back in 2021, NFT trading volume hit nearly $25 billion. And the surge continued into 2022, with the initial months...
December 23, 2022
In 2022, the cryptocurrency industry fully entered the mainstream — and almost drowned. The industry enjoyed an auspicious start, coming off of a banner 2021 year that saw record valuations, exciting innovations, and hordes of newly minted paper millionaires, even paper billionaires. Splashy, celebrity-studded, fear-of-missing-out (FOMO)-driven commercials for crypto companies like Coinbase, Crypto.com, eToro and […]
December 21, 2023
A court has reportedly frozen $1 billion in Three Arrows Capital’s founders’ assets. The ruling came down earlier this week from a court in the British Virgin Islands, Coindesk reported Thursday (Dec. 21), citing an email from the bankrupt cryptocurrency hedge fund’s liquidators, Teneo Restructuring. According to the report, the court order applies to founders Su Zhu […]
November 15, 2023
Blockchain.com’s latest funding round has reportedly cut its valuation by more than half. The cryptocurrency exchange announced Tuesday (Nov. 14) that it had raised $110 million in a Series E round led by...
October 24, 2023
Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now focus on returning assets to...
October 06, 2023
Voyager Digital co-founder Stephen Ehrlich is reportedly facing potential enforcement action from U.S. regulators following investigations into the conduct of the bankrupt crypto lender. Staff in the Commodity Futures Trading Commission (CFTC) enforcement...
