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Crypto firm bankruptcies and resulting disruption in crypto ecosystem continue to exacerbate liquidity and regulatory concerns. Signs of contagion are evident as prices of cryptocurrency type halved. Participants supporting crypto ecosystem at risk managing risk is critical.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi"), Coinsquare Ltd. ("Coinsquare") and CoinSmart Financial Inc. (NEO: SMRT) (FSE: IR) ("CoinSmart") today announced that they have entered into a business combination agreement (the "Business Combination Agreement") to combine their respective businesses (the "Transaction").
The world of finance has long been a wild place, with banks and financial institutions often seen as unreliable and risky. The creation of Bitcoin, a decentralized digital currency, aimed to offer protection from the traditional financial system’s instability. The recent collapse of certain banks has led to investors flocking to Bitcoin as a safe […]
An investigation of Binance’s banking records and messages reportedly showed the exchange sent $400 million from an account controlled by Binance.US to a trading firm tied to CZ.
Congresswoman Maxine Waters (D-CA), the ranking member of the House Financial Services Committee sent a letter to Chairman Patrick McHenry (R…