Binance.US to buy Voyager Digital's assets for $1 billion

It's been a long year for Voyager Digital. After filing for bankruptcy, the crypto lender thought it would be able to return some funds to its customers by selling its assets to FTX. As you know, things haven't been going well at FTX either. That's why Binance.US is stepping in today an

Audit firm Mazars ceases proof-of-reserves work for Binance and others

Global audit firm Mazars has deleted the website that hosted proofs-of-reserves work for cryptocurrency exchanges. The company told Bloomberg that it is suspending its work with crypto companies on proofs-of-reserves reports going forward. Mazars appeared a few times in crypto news over the past fe

Crypto trader Amber raises $300M as it seeks protection for FTX-hit customers

Amber Group, a Sequoia- and Temasek-backed crypto trading firm, has closed a hefty $300 million Series C funding round as the collapse of FTX shakes the crypto world. The news, which the Singapore-based firm announced on Twitter Friday morning, follows on the heels of a Bloomberg report claiming th

PayPal and MetaMask team up to make it easier to buy crypto

PayPal is primarily known as an online payment method. But the company wants to become an easy way to get started with cryptocurrencies. In that regard, ConsenSys, the company behind MetaMask, announced that it would add an integration in its crypto wallet so that users can buy cryptocurrencies usi

Coinbase launches asset recovery tool for unsupported Ethereum-based tokens

Coinbase, the second-largest crypto exchange globally, has launched a new tool to help its customers recover more than 4,000 unsupported ERC-20 tokens sent to its ledger, the company exclusively told technewss. “ERC-20 token” is technical terminology for any cryptocurrency created using the Et

Despite the FTX mess, the crypto market looks to the future

Even as Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, was arrested and denied bail earlier this week, the questions around the case — and what lies ahead — continue to linger. “The arrest of Bankman-Fried was both overdue and jumping the gun,” Matthew Barhoma, foun

Meet two of 12 rising startups pitching at Cross Chain Coalition Web3 Demo Day

Meet one dozen rising-star startups that are hard at work paving the future of Web3 infrastructure, DeFi, NFT and gaming applications at The Cross Chain Coalition Web3 Demo Day on January 11, 2023. This free online event will showcase pitches from 12 projects across the world's fastest growing

US attorney says 'we are not done' charging individuals for FTX collapse

Multiple U.S. government agencies held a press conference Tuesday afternoon regarding the indictment of FTX's former CEO, Sam Bankman-Fried. When asked whether the entities will bring charges against other individuals allegedly involved in the FTX collapse, Damian Williams, the U.S. attorney fo

FTX's new CEO, John Ray, details crypto exchange’s downfall in US House testimony

The U.S. House Financial Services Committee held a hearing Tuesday morning focused on FTX's collapse, mere hours after the crypto exchange's former CEO, Sam Bankman-Fried, was arrested in the Bahamas. Bankman-Fried was originally scheduled to testify at the hearing, an appearance that was s

SEC, CFTC and SDNY attorney’s office charge FTX’s Sam Bankman-Fried with defrauding investors

The U.S. Securities and Exchange Commission (SEC) has officially charged disgraced FTX founder Sam Bankman-Fried (aka SBF) with defrauding investors, it revealed on Tuesday morning following his arrest in the Bahamas. The SEC said in a press release that in addition to being charged with fraud reg

SBF scheduled to testify tomorrow at US House hearing on FTX collapse

FTX's fallen CEO, Sam Bankman-Fried, is scheduled to testify tomorrow as a witness before the U.S. House of Representatives Committee on Financial Services. The committee is investigating the events that led up to FTX's implosion, which resulted in the crypto exchange filing for bankruptcy

The Block founder says he's exploring ways to get the publication into 'trustworthy' hands

Crypto news publication The Block announced today that its CEO, Michael McCaffrey, has resigned after failing to disclose a series of loans from former FTX CEO Sam Bankman-Fried's company Alameda Research. Axios first reported the news. The capital was used in part to finance an employee-led bu

Announcing The Cross Chain Coalition Web3 Demo Day, a free online event

Despite a turbulent web3 market, dedicated people and companies continue working to build meaningful products and a better global financial system. Mark your calendar and join crypto experts, engineers, top-tier ecosystems, institutions and VCs for The Cross Chain Coalition Web3 Demo Day on January

Starbucks opens up its web3 loyalty program and NFT community to first beta testers

Starbucks today is launching its blockchain-based loyalty program and NFT community, Starbucks Odyssey, to its first group of U.S. beta testers. The new initiative, which includes coffee-themed NFTs that translate to real-world experiences, is an extension of Starbucks’ existing loyalty progr