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FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
23.11.2022
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
23.11.2022
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity...
Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50%
22.11.2022
PRESS RELEASE. Seychelles, Nov 22, 2022 – Leading global cryptocurrency exchange Bitget announces that it has registered in Seychelles to aid global expansion. The exchange operates in a decentralised manner with no specific headquarters, with regional hubs in strategic markets, and plans to set...
Genesis denies 'imminent' plans to file for bankruptcy
22.11.2022
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing
FTX Japan plans to resume withdrawals by 2023: Report
21.11.2022
Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10 prior to FTX Group declaring bankruptcy in the United States
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’
19.11.2022
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states. Major...
Pension Giant Ontario Teachers' Plans to Write Off All $95 Million Invested in Crypto Exchange FTX
18.11.2022
FTX investment represented less than 0.05% of Ontario Teachers' total net assets
Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender
17.11.2022
Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilities
Aussie stock exchange abandons blockchain plans, leaving $170M hole
17.11.2022
The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million
US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation
16.11.2022
U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks...
Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans
15.11.2022
Government amendments to money laundering rules seen by CoinDesk would see crypto providers forbidden from touching Monero or Dash
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
12.11.2022
PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including...
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
11.11.2022
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts...
Tether CTO confirms no plans to rescue FTX
11.11.2022
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help
Report: Singapore’s State Investor Temasek Is Engaging With Embattled Crypto Exchange FTX
10.11.2022
According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bail out the crypto trading firm. Singapore’s state investor has been known to have invested in...
Japanese Mobile Firm NTT Plans to Invest $4 Billion in Web3 Technology – Find Out Why
9.11.2022
Japan’s largest mobile telecoms operator NTT DOCOMO has announced plans to invest up to 600 billion yen ($4 billion) into Web3 infrastructure.
The company has joined forces with multichain smart contract platform Astar Network as well as Irish services company Accenture to speed up Web3 adoption...
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round
9.11.2022
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use the recently raised funds to develop and add new features to its proprietary technology....
Nintendo Has No Plans To Increase Switch Prices (For Now)
9.11.2022
In its latest earnings briefing, Nintendo continues to say it has no plans to raise prices on its popular Switch console, though it also doesn’t rule out the possibility that it might have to increase prices in the future.Read more
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
7.11.2022
Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday