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24 May 23

Reports suggest Binance mixed customer and company funds

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the world’s largest cryptocurrency exchange company, finds itself in the spotlight following accusations that it has been mixing customer funds with company revenue, allegedly violating U.S. financial rules. The claims were raised by three independent sources, who disclosed to Reuters […]
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Metacade02
18 May 23

Ripple buys controlling interest in Metaco, a digital technology company

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple has acquired a controlling interest Metaco, a Swiss firm specializing in digital asset custody and tokenization technology, establishing Ripple as the exclusive shareholder of the company. The acquisition, which is Ripple’s first major acquisition, signals a strategic move to broaden […]
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crypto news kangaroo australia
08 May 23

Australian blockchain company files for bankruptcy month after layoffs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Australia-based blockchain company founded in 2015, Everledger, filed for bankruptcy after failing to provide the expected investors’ funds, according to a report by SmartCompany. The blockchain-powered platform was developed to track the origin of luxury items, top-notch wine, diamonds, and […]
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27 Mar 23

Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

Do Kwon, the co-founder of Terraform Labs, has been detained in Montenegro while attempting to fly to Dubai allegedly using fake documents. Montenegrin authorities arrested Kwon at Podgorica airport and have approved a 30-day extension of his detention due to concerns over his unclear identity and potential for escape. In response to this decision, Kwon’s […]
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23 Mar 23

Riot stock falls by more than 60% over past year, company makes changes

Rising bitcoin output and a full year of data center hosting and engineering revenues pushed Riot’s overall revenue in 2022 up to $259.2 million from $213.2 million the previous year.  Formerly known as Riot Blockchain, bitcoin infrastructure specialist Riot Platform is a publicly listed bitcoin mining and blockchain technology firm. After losing more than 60% of its […]
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