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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
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...
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...
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
23.11.2022
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance
Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team
23.11.2022
The former CEO described his role in the exchange's downfall as a failure in oversight, saying he should have been "more skeptical of large margin positions."
Blockchain VC funding halves in October despite some strong raises
23.11.2022
VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round
Huobi unveils rebranded image with future roadmap
23.11.2022
Huobi Global has published an announcement on the official website to let the community know that the business has changed its name to just “Huobi.” This is in line with the traditional Chinese value of righteousness. The development comes after Huobi successfully acquired...
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
23.11.2022
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community
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...
Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
23.11.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary...
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...
Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings
22.11.2022
Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.”
Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so
22.11.2022
The other licensees included three European institutional investment platforms and one U.S.-based retail platform
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...
Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils
22.11.2022
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return...
Bitpanda Receives German Crypto License
22.11.2022
Bitpanda, an Austrian crypto exchange, announced today that its local unit, Bitpanda Asset Management, had received a crypto license from the German Federal Financial Supervisory Authority (BaFin). From now on, the Austrian crypto exchange can legally offer custody and proprietary trading services...
CoinMarketCap launches proof-of-reserve tracker for crypto exchanges
22.11.2022
The tool allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses, along with the balance and value of the wallets displayed
Binance Pool announces the launch of its Cloud Mining service
22.11.2022
The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment. Users will earn mining incentives via Binance Pool as a result of the development. After...
SBF, FTX execs reportedly spend millions on properties in the Bahamas
22.11.2022
At least 19 properties worth around $121 million were reportedly purchased under FTX's name, Sam Bankman-Fried’s parents and senior-level executives