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Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

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LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato …

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Genesis crypto lending unit files for bankruptcy in the US

Genesis crypto lending unit files for bankruptcy in the US

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Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …

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Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

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DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main street of Davos, the impact of the crypto winter is evident for WEF attendees. Last May, the dressed storefronts that line both sides of Promenade Street that runs through the Swiss ski resort were dominated by crypto companies, rolling in bitcoin. …

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Goldman misses earnings estimates as deals slump and consumer business hits

Goldman misses earnings estimates as deals slump and consumer business hits

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …

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S&P 500 closes at month's high, indices gain for a week as earnings kick in

S&P 500 closes at month’s high, indices gain for a week as earnings kick in

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JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of …

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Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

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FTX valued a year ago at $32 billion Over $8 billion in missing FTX client funds FTX Affiliate Sales Plan Presented in Court NEW YORK/WILMINGTON, Delaware, Jan 11 (Reuters) – Crypto exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in the collapse of the company founded …

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