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Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
19.1.2023
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan...
CoinDesk could be up for grabs as parent company DCG scrambles for funds
19.1.2023
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment
Fidelity-Backed Exchange OSL Cuts Workers Amid Ongoing Crypto Winter: Bloomberg
17.1.2023
The number of layoffs at the Hong Kong crypto exchange was not specified
Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg
17.1.2023
Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down
BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst
17.1.2023
The Bloomberg analyst said Bitcoin is forming a bottom similar to how it looked prior to the 2019 bull run but with one major difference in the markets
Binance Will Allow Institutional Investors to Keep Collateral Off the Exchange: Bloomberg
16.1.2023
Institutional investors can post collateral off the grid with Binance Custody, the report said
Bloomberg, WSJ and CoinDesk Among Media Orgs Seeking to Know Who Bailed Out Sam Bankman-Fried
13.1.2023
Bloomberg, Reuters and the Wall Street Journal also cite a public interest given the scale of alleged fraud from the FTX collapse
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg
13.1.2023
The restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company
Major media outlets demand identities of SBF's $250M bond guarantors
13.1.2023
The media’s lawyers argued the public’s right to know Bankman-Fried's sureties outweighed their privacy and safety rights, but Bankman-Fried’s lawyers strongly disagreed
Canadian Crypto Exchanges Coinsquare, WonderFi in Advanced Talks to Merge: Bloomberg
12.1.2023
The combination would create the country’s largest cryptocurrency exchange
Crypto Exchange Zipmex Faces Probe From Thai Securities Regulator: Bloomberg
11.1.2023
The regulator is investigating if Zipmex was operating as a digital asset fund manager without permission
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York
10.1.2023
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session...
A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
10.1.2023
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed
First Mover Americas: Another FTX Insider Is Talking, Bloomberg Says
10.1.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
7.1.2023
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group...
French Central Bank Head Wants Crypto Licensing Ahead of MiCA Standards: Bloomberg
5.1.2023
The current turmoil in the crypto markets shows the need for such requirements as soon as possible, the banking chief said
Erik Voorhees tips $40K BTC by June, but little consensus among pundits
3.1.2023
ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 prediction for the second year running
Justice Department Launches Criminal Probe Into $400M FTX Hack: Bloomberg
27.12.2022
The U.S. Department of Justice (DOJ) has reportedly launched a criminal probe into the alleged hack that drained nearly $400 million out of FTX-controlled wallets the night the Bahamas-based exchange filed for bankruptcy
Crypto Community Asks: Where in the World Is Ex-Alameda CEO Sam Trabucco?
24.12.2022
Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s...
FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg
22.12.2022
Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday