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Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?
20.11.2022
Crypto investment firm Grayscale has refused to share its proof-of-reserves citing "security concerns." The move has stirred up speculations about the financial health of the company.
In a Saturday tweet, the company said major cryptocurrency exchange Coinbase, which is used by Grayscale...
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’
19.11.2022
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors,...
Binance CEO CZ begins working on Vitalik Buterin's ‘safe CEX’ ideas
19.11.2022
While long-term solutions will need the involvement of multisig and social recovery wallets, Buterin pointed out two alternatives for the short-term — custodial and non-custodial exchanges
Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse
18.11.2022
Some companies have resulted in layoffs to deal with their million-dollar losses
$138B investment manager Man Group to launch crypto hedge fund: Report
18.11.2022
Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research
Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX
18.11.2022
Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted. Temasek’s...
Tim Draper still positive on $250K Bitcoin price prediction in 2023
16.11.2022
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized, and FTX was not, Tim Draper said
FTX Australia's license suspended as 30K Aussies left in the lurch
16.11.2022
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire
SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
15.11.2022
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change," said the SEC
Kevin O’Leary: FTX Collapse Is a Turning Point for the Industry — ‘Crypto Bottom Is In’
15.11.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now pushing for crypto regulation. “What I’m...
Binance’s CZ says users share blame for placing trust in FTX, should take responsibility
14.11.2022
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered
Crypto token supplies explained: Circulating, maximum and total supply
12.11.2022
Circulating, maximum and total supply are all essential metrics for an investor’s price discovery. Find out here what they are and how they can be used
Binance CEO CZ on FTX crash: “We’ve been set back a few years”
12.11.2022
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence
Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco
12.11.2022
Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
11.11.2022
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator...
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight
11.11.2022
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market....
Cathie Wood's ARK adds $12.1M in Coinbase shares amid turbulent markets
11.11.2022
Ark Investments topped up its Coinbase stock shortly after FTX's liquidity issues were revealed, which came after Coinbase stated that it had “minimal exposure” to the troubled trading platform
FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
10.11.2022
Hedge funds and asset managers are deploying digital asset teams, but lack of regulatory clarity is holding them back
Binance shares wallet addresses and activity after proof of reserve pledge
10.11.2022
Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity
State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse
10.11.2022
Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies...