In a significant move tied to its 10th anniversary celebrations, Huobi, one of the world's top cryptocurrency exchanges, has undergone a comprehensive rebranding. The exchange will now be known as HTX, reflecting its revamped strategy under the new management...
In a surprising turn of events, Bybit has announced the suspension of its services in the United Kingdom (UK). Starting from October 1, 2023, the exchange will cease onboarding new users residing in the UK. Existing users in the...
The management of bankrupt cryptocurrency exchange FTX has initiated legal proceedings against former employees of a Hong Kong affiliate, Salmeda. FTX alleges that these individuals withdrew $157.3 million under fraudulent circumstances just hours before the exchange filed for bankruptcy....
The Australian Securities and Investment Commission (ASIC) has taken legal action against Bit Trade Pty Ltd for failing to comply with design and distribution obligations related to its margin trading product. ASIC made this announcement on Thursday, September 21,...
Nobuaki Kobayashi, the trustee overseeing the bankruptcy proceedings of the now-defunct cryptocurrency exchange Mt. Gox, has announced a further extension of the repayment deadline for creditors. In a letter addressed to the creditors on September 21, 2023, Kobayashi revealed...
Former Deutsche Bank investment banker Rashawn Russell has pleaded guilty to misappropriating funds from investors he deceived with promises of significant returns from cryptocurrency trading. The U.S. Justice Department, on Tuesday, September 19, 2023, released a statement saying that...
Stanford University is taking steps to return millions of dollars in donations it received from the now-bankrupt cryptocurrency exchange FTX and associated entities, according to a report by Bloomberg. A spokesperson from the University told Bloomberg that Stanford has...
Union Bank of the Philippines (UnionBank) has announced that its customers will be able to buy and sell Bitcoin within its mobile app starting in October 2023. This development follows UnionBank's receipt of a full VASP license from the...
In a startling development, FTX Debtors have initiated legal proceedings against the parents of Sam Bankman-Fried (SBF). The debtors noted that the action was aimed at recovering substantial amounts of funds that could affect the Chapter 11 bankruptcy process...
The National Bank of Kazakhstan (NBK) has unveiled plans to establish a dedicated agency to develop and implement the country's central bank digital currency (CBDC), the digital tenge. In an official statement released on September 15, the NBK announced...
