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Bitcoin’s bear market is far from over, but data points to improving investor sentiment
12.12.2022
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay
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...
Binance admits abnormal price movement of certain trading pairs
12.12.2022
Binance recently tweeted about the abnormal price movements taking place on the exchange. The platform admitted that some trading pairs have been moving abnormally in the past several days. However, the company CEO believes the activity to be standard market behavior. On the other hand, Binance...
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
12.12.2022
While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
12.12.2022
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer...
Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse
12.12.2022
Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,” the rock legend affirmed. Noting that he has several cryptocurrencies...
Binance's proof-of-reserves raises red flags: Report
11.12.2022
Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern
SBF tried to destabilize crypto market to save FTX: Report
10.12.2022
Trades made by Alameda Research were focusing on depeg Tether's stablecoin
Binance suspends trader's account after complaints on Twitter
10.12.2022
Binance CEO Changpeng Zhao said the firm doesn't want to service "unreasonable" clients
Bahamian attorneys pursue access to FTX data of international customers
10.12.2022
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations
Data shows the Bitcoin mining bear market has a ways to go
9.12.2022
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations
FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'
9.12.2022
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”
Crypto.com releases proof of reserves, showing above 100% for BTC, ETH
9.12.2022
The new disclosure page allows skeptical users to self-verify that their assets are included in the report
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