CEO Financial News

Indian cryptocurrency trading platform WazirX revealed today that the Enforcement Directorate (ED) has unfrozen its bank accounts after its investigation. It is after nearly a month that the exchange would be assuming its banking operations.

As the upcoming Terra Classic (LUNC) burning mechanism gained more hype, some crypto exchanges thought it would be a good idea to express their support. However, the crypto community quickly responded, calling out the exchanges for what some believe to be public relations stunts. 

Martin Gilbert, the co-founder and former CEO of Aberdeen Asset Management, is chair of AssetCo and Revolut

Bitcoin [BTC] miner CleanSpark has entered into anagreement to purchase Mawson Infrastructure Group’s mining facility. This facility stands in Sandersville, Georgia and was purchased for as much as $33 million.

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action.

Ethereum (ETH) developers confirmed the successful completion of the prerequisites — shadow forks — required for the highly anticipated blockchain upgrade, The Merge. 

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The Ethereum Merge is one of the most anticipated events in the crypto space this year. Because of this, crypto firms are on the lookout for any hiccups that may occur as the newly upgraded Ethereum network comes to life. 

Crypto-curious teens may be able to try their hand at real crypto trading after the launch of  education and trading app Stack — aimed at teaching under 18s how to trade and hodl crypto.

The crypto community is having a field day mocking a new Celsius-themed Monopoly board game named “Celsiusopoly," which has emerged on a United States-based online e-commerce marketplace. 

Mysten Labs, the company behind the yet-to-launch layer-1 blockchain Sui has raised $300 million aimed at building core infrastructure and accelerating the adoption of its Sui blockchain ecosystem. 

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BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won't affect the automaker's business.

Thailand’s Securities and Exchange Commission (SEC) filed a police complaint against cryptocurrency exchange Zipmex. The complaint was filed after the exchange failed to deliver information related to transactions.

The Vermont watchdog says that Celsius kept its "massive losses" in the first half of last year from investors, despite laws requiring it to disclose financial statements.The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent and depositor funds were not safe".The document also notes a recent creditor meeting in which the company admitted it had never earned enough revenue to support the yields being paid to investors. "This shows a high level of financial mismanagement and also suggests that at least at some points in time, yields to existing investors were probably being paid with the assets of new investors," says the filing.

Check out the companies making headlines in midday trading.

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Crypto liquidity provider B2C2 has hired Morgan Stanley's Thomas Restout as its new chief executive for Europe, the Middle East, and Africa.

Jeremy Allaire, the co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, has responded to the Binance cryptocurrency exchange's move to stop supporting USDC trading.

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Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.