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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
Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner
4.12.2022
Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known as “1P5ZED” has since been replaced...
AAX clients storm exchange's office in Lagos following operational halt
4.12.2022
A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media
Regulators face public ire after FTX collapse, experts call for coordination
4.12.2022
U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility
Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio
4.12.2022
Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as supported by its Proof of Reserves (“PoR”), using the cryptographic-audited Merkle tree method,...
Bybit announces second round of layoffs in 2022 to survive bear market
4.12.2022
Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce
Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report
3.12.2022
The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis
Crypto Community weighs in on SBF’s ‘apology tour’
2.12.2022
The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
2.12.2022
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023
Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds
1.12.2022
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.”
Italy to impose 26% capital gains tax on crypto profits
1.12.2022
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3)
Binance hires audit firm that served Donald Trump to verify crypto reserves
1.12.2022
Mazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company
Poloniex partners with Huobi for further expansion
1.12.2022
Collaboration is part of the expansion strategy of businesses. This is a trend for a good reason. Sharing resources is really the most effective approach to advance. Poloniex is a new platform to be a part of this ecosystem. It has announced a strategic partnership with Huobi to gain an edge in...
Binance acquires Sakura Exchange BitCoin to enter the Japanese market
1.12.2022
Binance recently announced the acquisition of 100% of the SEBC (Sakura Exchange BitCoin). The development allows Binance to enter Japan as a JFSA (Japanese Financial Service Agency) regulated platform. As the leading crypto infrastructure and blockchain ecosystem provider, Binance holds immense...