CRYPTO miner Argo Blockchain said on Wednesday (Dec 28) it will sell its mining facility Helios for US$65 million and refinanced a new asset-backed loan agreement, in an attempt to avoid filing for bankruptcy.
GEMINI Trust and its founders, Tyler and Cameron Winklevoss, were sued by investors who claim the crypto asset exchange sold interest-bearing accounts which it failed to register as securities.
KRAKEN is closing its cryptocurrency exchange services in Japan as the company restructures to navigate the fallout from this year’s meltdown in digital assets.
MALAYSIAN consumer-to-property conglomerate Berjaya Corp is evaluating a “major potential acquisition” involving a licensed entity governed by the Malaysian central bank, it said in a stock filing late on Tuesday (Dec 27).
FTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than US$546 million from Alameda Research to buy a nearly 8 per cent stake in Robinhood Markets, according to court papers.
CRYPTO is squarely in the crosshairs of Washington regulators, with fresh calls for stricter controls before the industry can get big enough to affect the broader financial system.
US PROSECUTORS have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about US$110 million in October by rigging the Mango Markets cryptocurrency exchange.
FEDERAL prosecutors are investigating an alleged cybercrime that drained more than US$370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.
CHINESE regulators published a set of rules on Tuesday (Dec 27) to assess the operational risks of foreign banks’ Chinese branches, as well as the level of support they receive from their global headquarters.
