- Bankrupt crypto lender Voyager’s CFO is resigning months after appointment
Ashwin Prithipaul, the chief financial officer of Voyager Digital Ltd, is prepared to leave his position just a few months after being hired by the cryptocurrency lender that declared bankruptcy in July. The company said on Friday the finance head would resign after a “transition period” to pursue other opportunities, and that Chief Executive Officer Stephen Ehrlich will head the role in the interim.
- Compute North files for bankruptcy, owed $500m to creditors
On Thursday, Compute North Holdings Inc., which offers data center services to blockchain businesses and bitcoin miners, filed for bankruptcy in Texas. Compute North, a Minnesota company based in Eden Prairie, claimed to owe at least 200 creditors up to $500 million. According to the company’s Chapter 11 petition, its assets are worth between $100 million and $500 million.
Bitcoin, Ethereum price predictions following US Federal Reserve monetary policy decision
With no clear indication of a directional bias, the price of bitcoin is consolidating. Ethereum and other altcoins have lost some of their volatility as a result of this poor performance. But there will probably be volatility because the US Federal Reserve (Fed) issued its monetary policy decision.
- eToro secures ADGM in-principal approval to launch services
One of the largest digital investing platforms in the world, eToro, has received preliminary approval from Abu Dhabi Global Market (ADGM) to conduct business as a cryptocurrency broker in the capital of the UAE, paving the way for the Middle East launch of its services. According to a statement from Tel Aviv-based eToro, it will enable the business, which has around 30 million users worldwide, to engage in derivatives and securities by utilizing its platform that is focused on social collaboration and investor education.
- Binance celebrated MVP regulatory authority license with Burj Khalifa facade show
Dubai’s iconic Burj Khalifa – the world’s tallest building – was the setting for two spectacular Binance light shows held on September 24 – 25, to celebrate Binance’s recently awarded MVP (Minimum Viable Product) license in Dubai. The show featured breathtaking animation that lit up the entire building, and introduced thousands of spectators to a journey through Web3.
- Crypto exchange Huobi to remove some privacy-focused tokens from the platform
Huobi, once one of the largest Chinese cryptocurrency exchanges, will delist a number of privacy-focused tokens including Zcash and Monero amid rising regulatory concern worldwide. “Huobi Global strictly complies with the compliance policies of every country and always endeavors to safeguard our users’ assets,” the firm said in a statement dated Sept. 11. The tokens that will be delisted on Sept 19 include Zcash, Monero, Dash, Decred, Firo, and Verge.
- Dubai approves crypto firm Blockchain.com
Blockchain.com, a London-based cryptocurrency company, announced that it has received a provisional license to operate in Dubai. This makes it the latest in a line of digital asset companies to expand in the Gulf as the area strives to become a center for blockchain technology. The business, which also operates a cryptocurrency exchange, announced that it has reached a deal with Dubai’s Virtual Assets Regulatory Authority (VARA), which will allow it to establish a presence there and start employing.
