Crypto banking giant Silvergate, one of the first dozen financial institutions to offer full banking services to cryptocurrency exchanges and custodians, is planning to shut down after just three years of operations. The unexpected news has sent shockwaves through the crypto community and many wonder what went wrong. Silvergate was formed in September 2017 with… Continue reading Silvergate’s shiny
Category: crypto
Whoops! Crypto company Gemini is having some trouble with fraud
In recent news, popular crypto company Gemini has been the victim of some fraud. On March 9th, Gemini announced that an unauthorized party had accessed some of its customer accounts and transferred funds to unknown external wallets. Fortunately, Gemini reported that only a small portion of their customers were affected and all customer funds are… Continue reading Whoops! Crypto company Gemini is having some trouble with fraud
Hong Kong shows desire to be crypto hub with new regulation
Hong Kong is aiming to become a major hub for digital currency trading with a new regulatory framework introduced by the city’s financial watchdog. The Securities and Futures Commission (SFC) of Hong Kong has announced a set of measures to regulate virtual asset trading platforms in the territory. The new framework, called the “Types of… Continue reading Hong Kong shows desire to be crypto hub with new regulation
Last Year’s Super Bowl Ads for Crypto Promised Everything and Delivered Nothing
Last year’s Super Bowl saw numerous ads from crypto-centric companies that promised to bring the new digital asset to the masses. Unfortunately, it appears those promises were too good to be true – crypto at the Super Bowl was a bust. During the game, companies such as crypto wallet Gemini, crypto lending service BlockFi, crypto… Continue reading Last Year’s Super Bowl Ads for Crypto Promised Everything and Delivered Nothing
Kraken pays a $30 million fine and shuts down crypto staking in the US
On April 15th, 2021, Kraken, a leading crypto exchange marketplace, announced that it will pay a $30 million fine and cease its crypto staking services in the United States. This follows an investigation by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) into alleged inadequacies in the company’s… Continue reading Kraken pays a $30 million fine and shuts down crypto staking in the US
Authorities dismantle
The cryptocurrency world was rocked this week after authorities announced the dismantling of crypto exchange Bitzlato, alleging it was serving as a “haven” for cybercriminals. The takedown was part of a joint effort by several international law enforcement agencies, including the U.S. Department of Justice, the U.S. Internal Revenue Service, the U.K.’s National Crime Agency… Continue reading Authorities dismantle
Authorities dismantle
In a major crackdown on cybercrime, law enforcement authorities have disrupted the activities of crypto exchange Bitzlato and accused its operators of being a “haven” for illicit activities. The joint operation was carried out by the U.S. Department of Homeland Security (DHS), the U.S. Department of Justice (DOJ), the FBI, and the IRS. The operation… Continue reading Authorities dismantle
Coinbase and others back ex-FTX US president’s crypto trading infra startup Architect
Cryptocurrency has become a vital part of the financial industry, and more and more startups are emerging to capitalize on its technology. One of the latest entrants is a little-known startup called Architect, which has attracted a major financial backer in the likes of Coinbase, the leading cryptocurrency trading firm. Former FTX US president Trond… Continue reading Coinbase and others back ex-FTX US president’s crypto trading infra startup Architect
SEC Charges Crypto Firms Genesis and Gemini With Selling Unregistered Securities
The U.S. Securities and Exchange Commission (SEC) has charged two prominent cryptocurrency operations, Genesis Global Trading and Gemini Trust Company, with selling unregistered securities. This enforcement action highlights the regulatory scrutiny of these digital asset firms as the SEC looks to protect retail investors from fraud and manipulation. The SEC began its investigation into Genesis… Continue reading SEC Charges Crypto Firms Genesis and Gemini With Selling Unregistered Securities
How TechCrunch+ followed the roller-coaster crypto market in 2022
The cryptocurrency market has taken the world by storm in recent years, making for an exciting and unpredictable ride for investors and market watchers alike. In 2022, the situation was no different, although the roller coaster had some added twists and turns. At the start of 2022, the crypto market was in a state of… Continue reading How TechCrunch+ followed the roller-coaster crypto market in 2022