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US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
9.12.2022
Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for the failure of both entities that was caused,...
BlockFi employees were discouraged from describing risks in internal communications: Report
8.12.2022
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
8.12.2022
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
8.12.2022
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number
Many Koinly staff point to poor communication, CEO in global layoffs
8.12.2022
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement
ETH Staking yield swap goes live on BitMex
8.12.2022
BitMex brings the first-ever staking yield of ETH on its platform. The project goes live on December 08, 2022, at 04:00 UTC. Once live, users will be able to trade and speculate the staking rate of ETH every day with up to 2x leverage. Termed as a new breed of crypto derivative, the ETH staking...
Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year
7.12.2022
The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market
Crypto consumer protection, proof of reserves bills introduced into US Congress
7.12.2022
New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare
Binance US eliminates trading fees for Ethereum
7.12.2022
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions
Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report
7.12.2022
Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady, and NBA point guard Stephen Curry promoted FTX
Zodia Custody launches service to protect users’ crypto from exchange insolvency
7.12.2022
The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges
Security in crypto comes from liquidity or the lessons we learned after FTX
7.12.2022
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions
EGLD by MultiversX goes live on Coinbase
7.12.2022
MultiversX is furthering its expansion in the US market by going live on Coinbase. According to the announcement made by the team, the native token of the platform – EGLD – will be listed on Coinbase, allowing users to buy & sell the token seamlessly. Getting listed on Coinbase...
Gate.io pledges $100M to revive crypto and rebuild investor confidence
7.12.2022
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready
7.12.2022
Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning...
Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’
7.12.2022
The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed: “It’s stolen customer money used in his hedge...
Binance.US receives MTL in American Samoa and Guam, along with Louisiana
6.12.2022
Binance.US has expanded into two new regions of the United States of America. The exchange platform has received Money Transmitter Licenses in Guam and American Samoa. However, this officially allows customers to register on Binance.US through the official website or mobile application and begin...
Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'
6.12.2022
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
5.12.2022
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda
Audit firm Mazars to verify KuCoin's Proof-of-Reserves
5.12.2022
Mazars, the former accounting firm for Donald Trump's companies, was hired recently to audit Binance's PoR