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US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto
18.12.2022
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictment of crypto,” he noted that “cryptocurrency cannot be stopped”...
Gemini Customer Data Leak Was Advertised for Sale on Hacker Forums for 30 BTC in September
17.12.2022
On Dec. 14, 2022, the crypto exchange Gemini revealed that some Gemini customers have been the target of phishing attacks that the firm believes stem from a third-party vendor leak. While reports disclosed that Gemini’s leak was approximately “5,701,649 lines of information pertaining...
FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert
17.12.2022
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova, a Web3 marketing expert, has said. Besides just trying...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
17.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,”...
Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source
16.12.2022
The goal is to fully reactivate customer withdrawals once creditors have approved the plan in a vote
Crypto Exchange Gemini Down for Several Hours Due to 'Scheduled Maintenance'
16.12.2022
The crypto exchange had paused withdrawals for its yield product recently
SBF reportedly files new bail application in the Bahamas Supreme Court
16.12.2022
Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk
Finder.com sued by Australian regulator over its crypto yield product
16.12.2022
ASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit
Dutch Central Bank Says Crypto Exchange KuCoin Is Operating Without a License in Netherlands
15.12.2022
De Nederlandsche Bank said KuCoin lacks a “legal registration” with the central bank
Report: Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked
15.12.2022
According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account...
CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting ‘FTX-Like’ Behavior
15.12.2022
A report from the analytics firm says the exchange is almost entirely collateralized and diversified away from its proprietary token
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
15.12.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
Binance Founder ‘CZ’ Insists We Can Trust His Crypto Exchange – but Can We?
14.12.2022
After the arrest of FTX founder Sam Bankman-Fried, some users fear that exchange behemoth Binance will be the next crypto domino to fall
This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How
14.12.2022
Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023.
The city was granted a special status – a regulation-free blockchain zone...
Crypto Exchange Binance Introduces Payments Service for US Customers
13.12.2022
Binance users in the U.S. are now able to use the exchange’s payments system, Binance Pay, to send money on their mobile app
Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group
13.12.2022
SBF’s last tweet before his arrest for reportedly committing wire fraud was dispelling his involvement in a group chat purportedly called “Wirefraud.”
Cryptowisser: 51 Crypto Exchanges Dead in 2022 – Exchange Deaths Down 40% Despite Crypto Winter
12.12.2022
PRESS RELEASE. Cryptowisser, a leading Crypto service comparison website, announces the launch of its annual Crypto exchange graveyard for 2022. This list is the only comprehensive database of “dead” cryptocurrency exchanges currently available. In 2022, 51 exchanges were reported...
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...