FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets
By Becky Yerak | The Wall Street Journal | Jan 14, 2023 5:10 pm EST
Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional holdings with a book value of more than $4.6 billion.
Swyftx quietly announced the closure of its Earn product
By TEGAN JONES | Smartcompany.com.au | Jan 9, 2023 5:00 am EST
Australian cryptocurrency exchange Swyftx announced the closure of its Earn product over the Christmas long weekend. This follows a spate of similar products being shut down just weeks prior by Finder Earn and Block Earner after legal action was taken by the Australian Securities and Investments Commission (ASIC).
Melbourne start-up lands $23m raise from crypto giants, Airtree.
By Mark Di Stefano | The Australian Financial Review | Nov. 29, 2022 5:00 am EST
Two of the biggest names in the global cryptocurrency industry have backed an Australian start-up that does background checks on potential customers, as the tech industry grapples with how to verify people online.
The investment arms of crypto exchanges Binance and Kraken have joined local fund AirTree Ventures and US firm Greycroft in injecting $23 million of new funding into Melbourne-based FrankieOne.….
Coinbase reaches $US100m settlement with New York
By Yueqi Yang | The Australian Financial Review | Jan. 5, 2023 6:31 pm EST
US-based cryptocurrency exchange Coinbase has reached a $100m settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday….
‘Worst-case scenario’: Local crypto exchange Swyftx lays off 40% of staff
By Dominic Powell | The Sydney Morning Herald | Dec. 5, 2022 12:40 pm EST
Australian cryptocurrency exchange Swyftx has announced it will lay off 40 per cent of its workforce, around 90 people, due to a worsening downturn in digital asset markets following the collapse of overseas exchange FTX…
Clanz is taking a patient approach when entering crypto market.
Clanz, an Australian-owned and operated technology startup, believes all players in the crypto market should be looking closely at what the metaverse is likely to become.
“We are operating an exchange as is widespread practice for new players but believe its role will be provide meaningful, practical access to web3 for individuals and institutions wanting to participate in its future growth.