South Korea’s Delio declared bankrupt with $1.75B in assets lost
A creditors’ meeting will be held in March, but their funds reportedly disappeared into the chaos of the FTX collapse.
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Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security
Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15.KB Financial is reported to have over $342 billion in assets under management and presides over multiple overseas and domestic subsidiaries, among…
‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. 289 Total views 6 Total shares Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and…
Bitcoin Price Retraces to $8.5K Going Into Last Week Before Halving
Last week has been a tremendous week for Bitcoin (BTC), as the price surged from $7,500 to $9,450. However, since the peak high at $9,450, the top-ranked cryptocurrency by market capitalization has not seen a continuation, as the price is consolidating $800 lower. Is the halving hype over, and is the market ready for a correction…
Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price
Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance “FUD” fuels bearish BTC movesData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp.The pair retraced its entire run to…
Bitcoin and altcoins pop to the upside, but upcoming macro events could cap the rally
The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As a result, the overall trend for the past 55 days has been bearish, with the latest support test on Sept. 7 at a…
Celsius amasses 30 potential bidders for its assets, withdrawal motion approved
The bankrupt lender is set to hold auctions for its assets in January, while it's been given the green light to return some customer funds. 486 Total views 6 Total shares Own this piece of crypto history Collect this article as NFTBankrupt crypto lender Celsius Network has attracted 30 potential bidders over its various assets…
Ripple, Consensys participate in Mastercard program to promote CBDC innovation
The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating. Mastercard is forming a partnership program with seven prominent blockchain and payment technology providers to “bring a greater understanding of the benefits and limitations” of central bank digital…
LedgerX exchange launches physically settled Bitcoin mini futures
LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC.XBT/USD daily chart. Source: TradingView.comHow physical delivery may impact Bitcoin price?When Bakkt first launched with the backing of…