Category: CyberFinance
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Crypto Brokerage Genesis Needs $500 Million In Funding!
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Broker Genesis is struggling to raise fresh money for its credit division and is warning potential investors that the company may have to file for bankruptcy if its efforts fail, according to people familiar with the matter. “We have no plans to file bankruptcy imminently,” a Genesis spokesperson said in…
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How To Find The Best Payment Processor For Your Business!
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Finding the best payment service provider (PSP) for your specific needs is critical to the success of your business. You have to provide a secure, reliable, and appropriate payment flow and user experience to your clients. Moreover, you have to trust your payment processor to honestly deal with your funds.…
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FBI Seeks Extradition Of Sam Bankman-Fried
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The Federal Bureau of Investigation (FBI) is demanding the extradition of Sam Bankman-Fried to the United States. Together with Bahamian authorities, the US Central Security Agency is discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning. This is reported by the Daily Mail, citing…
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BlockFi Facing Insolvency
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After the bankruptcy of FTX, BlockFi is also facing bankruptcy. Payouts were already stopped last week. The bankruptcy of crypto exchange FTX has sent shockwaves throughout the crypto industry and put many digital currencies under pressure. The industry is now concerned that other crypto exchanges could suffer the same fate.…
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Ukrainian Aid Money May Be Gone In Bankruptcy Of Crypto Exchange FTX!
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In March, the Ukrainian government under Volodymyr Selenskyj proudly presented a new way of increasing donations: The crypto exchange FTX was supposed to make more out of 100 million – now FTX is bankrupt. The suspicion: vast sums of aid money are gone.
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SEC Chair Gary Gensler Launches Investigation Against FTX!
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Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), warned the crypto industry, saying, “We need to protect crypto investors. Time is running out!” According to Gensler, the FTX collapse follows the same pattern as the crash of many other crypto platforms. He said that these platforms…
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The Many Losers Of The FTX Collapse And Its Devastating Consequences!
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In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried’s crypto exchange had signed big-name investors and promotional deals, including…
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PayTech Cardstream Partners Pith Qi Digital To Empower Digital Currencies
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PayTech company Cardstream (PR42 profile) has partnered with cryptocurrency company Qi to make it simpler for merchants worldwide to accept digital currencies. Cardstream processes card payments globally and also offers emerging and local payment methods for some regions and consumers.
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Binance cancels FTX takeover
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The takeover of struggling crypto exchange FTX.com by rival Binance (PR42 profile) has fallen through. “We have decided not to pursue the potential acquisition,” Binance announced on Twitter. The reason, it said, was media reports of misconduct in the handling of customer funds and alleged investigations by U.S. authorities. Actually,…
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Binance Has Agreed “Non-Binding” Acquisition With FTX
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The crypto industry is witnessing a mega takeover on the horizon! The world’s largest exchange for digital currencies such as Bitcoin, Binance, wants to take over most of the business of rival FTX. After Zhao (Founder and CEO of Binance) himself seeded doubts about FTX’s cash reserves with a tweet…