Business

Wyre secures new financing—Is it the next ‘crypto’ company to go down?
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19 January, 2023

Wyre secures new financing—Is it the next ‘crypto’ company to go down?

Dangers of using third-party custody solutions are now in the spotlight after Wyre backpedals on its decision to implement a...
Digital Currency Group halts dividends as Genesis preps bankruptcy filing
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19 January, 2023

Digital Currency Group halts dividends as Genesis preps bankruptcy filing

Genesis Global is on the brink of filing for bankruptcy this week after being caught off guard by the 3AC...
US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder
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19 January, 2023

US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder

The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in...
South Korea: Bithumb ordered to pay damages over service outage in 2017
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19 January, 2023

South Korea: Bithumb ordered to pay damages over service outage in 2017

The Supreme Court has ordered Bithumb to pay KRW251.4 million (US$202,400) to over 100 disgruntled investors, with each of the...
Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned
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19 January, 2023

Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned

Shaktikanta Das, head of the Reserve Bank of India, says that the best way to regulate the industry is to...
Tanzania opts for ‘cautious’ approach in its CBDC development
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19 January, 2023

Tanzania opts for ‘cautious’ approach in its CBDC development

Bank of Tanzania stated that while CBDCs offer myriad benefits, there are still major pitfalls that could adversely affect the...
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