Government-Backed Deal Allows UBS Bank To Profit Nearly $35,000,000,000 in Credit Suisse Takeover: ReportMay 19,2023

Banking giant UBS will reportedly lock in almost $35 billion in profits after the Swiss government helped it take over the dying remains of Credit Suisse.

Billionaire Mike Novogratz Predicts Imminent US Credit Crunch, Says Outcome Will Boost Crypto With Ethereum In for ‘Big Win’Apr 16,2023

Galaxy Digital founder and CEO Mike Novogratz is predicting that a US economic slowdown will benefit the two leading crypto assets.

Repayment For Mt. Gox Creditors Nears As Registration Period EndsApr 08,2023

The deadline for Mt. Gox’s creditors to register their information and their repayment methods has officially expired. The latest development brings the creditors, who have been stranded for nearly a decade, one step closer to getting their funds back from the defunct Japanese Bitcoin exchange.Acco…

SBF pleads not guilty to latest charges, and OKX to turn over some frozen FTX assetsMar 31,2023

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with...

OKX Hands Over FTX Frozen Assets Worth $157M to Relevant AuthoritiesMar 31,2023

In an exciting turn of events, the OKX crypto exchange said it is handing over approximately $157 million in frozen FTX and Alameda-related assets to the relevant authorities — in response to a motion filed in the bankruptcy proceedings.According to the official statement on Thursday, OKX claimed t…

Reminder: Credit Suisse Guilty of Tax Fraud and Subprime Mortgage Fraud, Accused of Aiding Clients Engaged in Torture, Drug Trafficking, and Money LaunderingMar 17,2023

As the Swiss government launches a potential rescue operation for troubled banking giant Credit Suisse, it's worth remembering the massive levels of fraud the bank has been accused of over the last several years.

Celsius Creditors Sue Mashinsky, Other ExecutivesFeb 16,2023

Former Celsius executives (and their wives) are now facing a lawsuit from their creditors.The walls are closing in on Alex Mashinsky.Celsius creditors filed a 154-page lawsuit against Celsius executives yesterday over their fraudulent conduct while at the company’s helm. The suit seeks to recover t…

Visa/Wirex to issue crypto-enabled payment cards in 40 countriesFeb 14,2023

Wirex has signed a long-term partnership with Visa, which will allow it to issue crypto-enabled debit cards in the UK and in a further 40 countries.A synagetic partnershipThe strategic partnership between Wirex and Visa is likely to bring more collaboration as the Visa network can open doors for Wi…

U.S. Federal Reserve Governor Compares Crypto Assets to Baseball Cards, Argues They’re Just SpeculativeFeb 12,2023

A high-ranking crypto-skeptic in the U.S. Federal Reserve thinks digital assets are like baseball cards and have no intrinsic value.

What creditors can expect from Genesis' bankruptcy — and what others can learn By CointelegraphFeb 09,2023

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on...

New Court Documents Show Apple, Netflix, Binance and Coinbase Among Creditors Owed Money by FTXJan 28,2023

New court documents reveal that collapsed crypto exchange FTX owes money to a slew of marquee businesses, including Apple and Netflix.

US Credit Ratings Giant Developing Stablecoin Scoring System: ReportJan 28,2023

One of three biggest credit rating agencies is reportedly working on a scoring system for cryptocurrencies pegged to other assets, such as the US dollar, gold or other digital assets.