Saniya Raahath

Saniya Raahath

BTC Miner Bitdeer Posts $531.9M Q4 Loss

BTC Miner Bitdeer Posts $531.9M Q4 Loss

Key Takeaways Leading crypto mining firm, Bitdeer reported a net loss of $531.9 million for the fourth quarter of 2024. The firm noted that the loss was mainly owing to non-cash fair value changes in derivative liabilities—$413.7 million related to…

Backpack Exchange Opens Withdrawals for FTX EU Users

Backpack Exchange Opens Withdrawals for FTX EU Users

Key Takeaways Backpack Exchange has begun processing withdrawals for users of the now-defunct FTX EU. The platform confirmed that eligible customers may begin reclaiming their funds starting May 12, 2025. This follows Backpack’s acquisition of FTX EU in January 2025…

Gemini secures license to offer crypto derivatives in EU

Gemini secures license to offer crypto derivatives in EU

Key Takeaways Crypto exchange Gemini has obtained a Markets in Financial Instruments Directive (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the firm  to offer regulated crypto derivatives which includes  perpetual futures, to retail and institutional users…

Can’t find what you’re looking for? Type below and hit enter!