A close look at the regulatory filing shared by the firm showed that it offloaded a total of 704 Bitcoin units worth approximately $11.8 million.
As per court documents, SBF and FTX co-founder Gary Wang took $546 million from Alameda Research to purchase the stock of Robinhood Markets.
Troubled crypto miner Argo is set to sell Helios to Galaxy Digital for a much-needed $65 million as insolvency looms.
The new move by Japan to allow the distribution of stablecoins means that there would be stricter regulations on Anti-Money Laundering controls.
The cryptocurrency industry is expected to be trapped in the ongoing bear market in 2023.
Pulling out of the Japanese market is the latest of Kraken’s moves to cut costs and service the weak crypto market.
The suspension of trading activity is because of a major announcement by Argo blockchain on Wednesday. Earlier this month, Nasdaq suspended trading activity for the Bitcoin miner on rumors of the bankruptcy filing.
Eisenberg was arrested by the DOJ because the regulator believes no act of market manipulation can be justified by law.
Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up.
With the falling Bitcoin price, the miner’s profitability has gone for a toss resulting into major bankruptcies and ultimately pushing the price of ASIC miners to a multi-year low.
The NFT buzz went beyond the art industry to reach the Italian fashion space.
Investing in the digital currency ecosystem has been considered a major gamble by most multinationals.
BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence.
Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld.
A joint task force from Italy and Albania recently busted a suspected crypto investment scam involving millions of dollars.