Korean crypto executives allegedly profited $2.3M from coin listing scandal

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Zac Prince, BlockFi’s CEO, said his company paid out 450 in BTC, 5,000 in ETH and 6 million in stablecoins last month. 626 Total views 4 Total shares Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. The interest payments were comprised of 450 in…

The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether. 746 Total views 2 Total shares Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital…

Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world. 284 Total views 35 Total shares Sky Mavis, the firm behind Play-to-Earn (P2E) heavyweight Axie Infinity is looking to “double down” in South…

Turkey made itself a name as a crypto-friendly country with a "wait and see" approach on digital assets, but that could be about to change as the government is now ready to take things in hand.The Turkish Ministry of Treasury and Finance went to Twitter to express concerns about cryptocurrencies and to announce collaborative work…

The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks. 153 Total views 2 Total shares Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator. For the first…

Coinbase has gone offline four times in the last three months during major Bitcoin (BTC) price moves and furious users unable to access their portfolios are demanding answers. On June 1, when Bitcoin rallied from the $9,600s to $10,380 in less than an hour, Coinbase users trying to access their portfolio were met with a message…