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Tales From A Crypto Miner: Bitfarms' Geoff Morphy To Speak At Benzinga's Future Of Digital Assets Event
Wednesday, October 11, 2023 - 4:22pm | 594Geoff Morphy's professional trajectory is marked by dynamic shifts, significant promotions, and an enduring commitment to corporate excellence. He embarked on his journey with Bitfarms (NASDAQ: BITF) as a director in May 2020. By August, he transitioned into the executive team, taking on...
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Bitfinex Parent Company Considers $150M Share Repurchase
Tuesday, October 10, 2023 - 6:43pm | 527Bitfinex's parent company, iFinex Inc., is considering a $150 million share repurchase to increase its influence over the crypto exchange's operations amidst rising regulatory attention. The Hong Kong-based iFinex, which has ties to the prominent stablecoin issuer Tether Holdings Ltd. (...
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Hacker Steals Then Returns Funds For Reward To Huobi's HTX: 'You Made The Right Choice'
Monday, October 9, 2023 - 10:21am | 603Crypto exchange HTX affiliated with Huobi Global, has announced the recovery of assets misappropriated by a cyber intruder in September, subsequently rewarding the individual with a 250 Ether (CRYPTO: ETH) incentive for their cooperation. The breach, which took place on Sep. 25, saw a significant 5...
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THORSwap Crypto Exchange Takes Drastic Action To Thwart Illicit Activity
Friday, October 6, 2023 - 12:58pm | 539THORSwap, a decentralized exchange built on the THORChain (CRYPTO: RUNE) platform, revealed concerns regarding the potential movement of illicit funds through its platform. The exchange, in a statement issued Friday, said it always maintained a strong stance against any form of criminal...
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EDX Markets CEO Calls For Accountability For Lost Customer Funds In Wake Of Bankman-Fried Controversy
Wednesday, October 4, 2023 - 12:45pm | 513Jamil Nazarali, CEO of crypto exchange EDX Markets, shared his perspective on the ripple effects caused by the controversy surrounding crypto tycoon Sam Bankman-Fried. In an interview with Benzinga, Nazarali emphasized, "A lot of people in the crypto industry want accountability for all...
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Celsius's Successor Aims To Revive Crypto Lender: What Does That Mean For Creditors?
Tuesday, October 3, 2023 - 2:37pm | 809The potential successor to the defunct cryptocurrency lender, Celsius (CRYPTO: CEL) revealed its intentions to restart the business without any funded debt and with an initial funding of up to $450 million in cryptocurrency, contingent upon court approval. This information was disclosed in a...
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Chase's Crypto-Related Transactions Ban In UK: A Sign Of The Times — Or A Sign Of Weakness?
Tuesday, September 26, 2023 - 2:49pm | 493JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users. The bank stated, "If we think you're making a payment related to...
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Coinbase Continues To Expand Abroad, Scores AML Registration With Bank Of Spain
Monday, September 25, 2023 - 12:12pm | 497Coinbase Inc. (NASDAQ: COIN) recently announced it has secured an Anti-Money Laundering (AML) registration with the Bank of Spain. The move positions the crypto exchange as an official custodian wallet provider in the country. This development, part of the company's “Go Broad,...
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Mt. Gox Repayment Saga Continues, Creditors To Wait Another Year
Thursday, September 21, 2023 - 9:19am | 348The rehabilitation trustee of Mt. Gox, once the world's largest Bitcoin exchange, has announced a postponement in its repayment deadlines. The decision comes as the trustee grapples with the complexities of gathering necessary information from rehabilitation creditors and coordinating with...
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Ripple Prefers Overseas Talent, Shifts 80% Of Hiring Due To Regulatory Challenges
Wednesday, September 13, 2023 - 9:39am | 542Ripple (CRYPTO: XRP) is sourcing most of its talent abroad. That's according to CEO Brad Garlinghouse who revealed Wednesday that the San Francisco-based company plans to conduct 80% of its hiring outside the U.S. due to ongoing regulatory challenges. Garlinghouse's announcement comes ahead...
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SEC Chair Gensler Calls Crypto A 'Field Rife With Fraud, Abuse And Misconduct'
Tuesday, September 12, 2023 - 11:55am | 702U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday voiced significant concerns regarding the cryptocurrency sector's integrity, suggesting the industry is currently fraught with "fraud, abuse, and misconduct." As these concerns come to...
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India Pivots On Crypto After Reviewing G20 Proposal, Secretary Of Economic Affairs Says
Monday, September 11, 2023 - 9:17am | 533Amid the anticipation of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, India is poised to evaluate and determine its stance on cryptocurrencies after assessing the consensus of global leaders on an agreeable crypto regulatory framework. After the G20, or Group of...
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Coinbase Capitalizes On Institutional Lending Gap Left By BlockFi, Genesis
Wednesday, September 6, 2023 - 11:21am | 545Coinbase Global Inc. (NASDAQ: COIN) has unveiled a new cryptocurrency lending service for U.S. institutional investors, aiming to step in where companies like BlockFi Inc. and Genesis Global stumbled. In this fast-changing crypto landscape, such pivotal moves are reshaping digital assets. To...
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SEC Delays Bitcoin ETF Approvals Yet Again, Cites Commitment To Safeguard Investors
Friday, September 1, 2023 - 9:05am | 670The Securities and Exchange Commission has once more postponed its verdict on the approval of all the nation's inaugural Bitcoin (CRYPTO: BTC) focused exchange-traded fund until October. The move leaves industry proponents perplexed, especially in light of a recent court judgment that...
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Coin-Only Exchanges In South Korea Face Extinction As Government Cracks Down On Crypto
Monday, August 28, 2023 - 5:23pm | 417South Korean cryptocurrency exchanges are gearing up for tighter regulations as the country mandates a minimum reserve of 3 billion won ($2.3 million) for those with bank-issued real-name accounts. This move is part of South Korea's efforts to bolster consumer protection in the rapidly evolving...