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Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
25.11.2022
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade...
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
25.11.2022
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet...
Latam Based Cryptocurrency Exchange Ripio Expands to US
25.11.2022
Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies...
Uzbekistan issues first crypto licenses to two local ‘crypto stores’
25.11.2022
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens
CoinList addresses 'FUD' on withdrawals, cites technical issues for delays
25.11.2022
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems
Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake
25.11.2022
Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive....
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
25.11.2022
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial...
Bybit launches $100M support fund for institutional traders
24.11.2022
Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse
Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions
24.11.2022
Reasons for the 38% cut also include uncertainty in the venture capital market, CEO Marcelo Cavazzoli said
Russia Prepares to Create Government-Controlled Crypto Exchange
24.11.2022
Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of...
Crypto Self-Custodying Offers Protection Amid FTX Exchange Fallout
24.11.2022
Huge losses of funds at FTX have shaken the trust of crypto investors, but private keys and crypto wallets can protect investors from fraud and mismanagement
This Exchange Enables Users to Self-Audit the Firm’s Crypto Reserves – This is How it Works
24.11.2022
Major crypto exchange OKX said it launched a self-audit feature, which currently supports three cryptoassets.
"You can now verify your assets are backed 1:1 on OKX," said the announcement. The new feature supports bitcoin (BTC), ethereum (ETH), and the USDT stablecoin, with more assets to come...
UAE regulator revokes FTX license amid the exchange collapse
24.11.2022
Dubai regulators noted that no clients were exposed as FTX MENA was still in the preparation phase before getting fully approved to operate
Huobi enhances transparency around HBTC H-Token
24.11.2022
Huobi brings more security and transparency to its wrapped BTC token on the Ethereum mainnet. The venture has announced that it will deploy Chainlink Proof of Reserve to enhance transparency around the HBTC H-Token. Through this update, Huobi will enable the verification of BTC in reserve wallets...
Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients
24.11.2022
The exchange will offer up to $10 million to institutional clients and market makers
Russian Lawmakers Want to Create a State-run Crypto Exchange
24.11.2022
Russian lawmakers have devised a plan that could see the nation create a state-run crypto exchange.
Per Vedomosti, members of the State Duma, Russia’s parliament, have “begun to develop a draft amendment” that involves “creating a national crypto exchange in Russia.”...
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Russia intends to launch a ‘national crypto exchange’
24.11.2022
Local lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders
Singapore Starts Fraud Investigation In to Crypto Exchange Hodlnaut: Reports
24.11.2022
The police are reportedly looking into allegations of cheating and fraud by the company and its directors
FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’
24.11.2022
The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show