Business

Kraken Closes Abu Dhabi Office
Business

Kraken Closes Abu Dhabi Office

Less than a year after receiving regulatory licence to operate in Abu Dhabi's international financial hub and worldwide market, Kraken is departing.

Local Officials Set Ambitious Targets for Digital Yuan Transactions
Business

Local Officials Set Ambitious Targets for Digital Yuan Transactions

In 2022, the e-CNY processed $50.5 billion in municipal transactions.

Randall Crater, Founder of "My Big Coin" Sentenced
Business

Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

Celsius' Official Creditor Committee Denies Rejected Bids
Business

Celsius' Official Creditor Committee Denies Rejected Bids

Celsius Official Committee of Unsecured Creditors attorneys have criticised crypto blogger Tiffany Fong for releasing information about prospective Celsius offers, saying it would hurt negotiations.

BankProv Stops Offering Loans Secured by Crypto Mining Rigs
Business

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

BankProv said in an SEC filing that it would no longer lend against crypto mining machines.

Tether Denies Receiving Any Loans From Celsius
Business

Tether Denies Receiving Any Loans From Celsius

Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.

Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
Business

Binance's New Blockchain Platform Aims to Build Web3 Infrastructure

BNB Chain stores storage metadata, while third-party storage providers store data.

Greenidge Reduces Debt with NYDIG
Business

Greenidge Reduces Debt with NYDIG

Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
Business

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings

Q1 2021 Tesla spent $1.5 billion on Bitcoin.

Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin
Business

Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin

Two UK firms employ ATM stablecoins to make Britain a "crypto centre."