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Posts published in “Asides”

Uncertainty Mounts As Mazars Group Pauses Services for All Crypto Clients: Bloomberg’s Report

Mazars Group, a leading international audit, tax, and advisory firm, has paused its services for all crypto clients worldwide, Bloomberg reported on December 16th. The move comes at a time when investors are concerned about the stability of crypto exchanges in light of recent events – such as FTX’s bankruptcy and Binance’s $3 billion withdrawals...

Amber Group Closes $300 Million Series-C, Aims To Protect FTX-Affected Clients

Amber Group, a Hong Kong-based cryptocurrency trading startup, announced on December 16th in a Twitter thread that it has completed a $300 million Series-C financing that was backed by family offices and other crypto-native investors, including Fenbushi Capital US. While investors increasingly view Crypto as an investable asset...

Bitcoin Miner Core Scientific Sees 240% Share Price Increase After Creditor Funding News

The shares of Bitcoin (BTC) mining company Core Scientific have increased by around 243% following the announcement from one of its key creditors, B. Riley Financial, that fresh funds would be proposed to help the company avoid bankruptcy on December 14. Data from Tradingview shows that CORZ was trading at $0.46 earlier today...

OKB Rises By 7% In 24 Hours As OKX Lists FLOKI For Spot Trading

The crypto market has been experiencing an unfavorable trend today, with the performances of leading currencies showing no improvement. While OKB demonstrated positive changes when it switched from bearish to bullish status. The native token of OKX, a cryptocurrency exchange located in the Seychelles, OKB, earlier today showed optimism in both the daily and weekly…

FTX Seeks Court Approval To Dispose 4 Businesses

In the annals of cryptocurrency history, 2022 will be remembered as the year of failures and bankruptcies. A number of well-known companies, including FTX, 3 Arrows Capital, Celsius, Terraform Labs, Voyager, and Vauld, as well as Genesis, and Alameda Research, have all bowed out. Investors had to face the weight of their breakdown...